Technology

Co-living startup Bungalow launches with $64 million in funding

Pairs “early career professionals” with property owners in unique arrangement
Bungalow, a real estate startup, recently launched to bring a new renting option to some of nation’s largest cities. Think of the company as a cross between co-living and a short-term rental platform like Airbnb, because instead of co-living in an apartment building, Bungalow renters co-live in a house. And instead of only staying for just a few days, Bungalow renters stay for an average of 12 months.
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RealPage completes $100 million acquisition of LeaseLabs

Provider of digital marketing services and software is RealPage’s latest acquisition
RealPage’s $100 million acquisition of LeaseLabs is now complete. The acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage’s sixth since January 2017 and pushes the company’s total outlay for its recent expansion past $1 billion.
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Opendoor buying Open Listings to build one-stop shop for home buying and selling

Growing direct buyer acquires low-commission real estate site
Opendoor is about to take a huge step forward in its attempt to create a true one-stop shop for the entire real estate experience. Opendoor announced Tuesday morning that it has acquired Open Listings, a real estate site that offers homebuyers a 50% refund on the fees their real estate agent would have received. With the acquisition, Opendoor now touches all parts of the real estate process.
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PromonTech announces plans to debut cost-saving engine

Income AI aims to leverage augmented intelligence
As lenders navigate the worst quarter for profitability in years, many are looking for ways to enhance their efficiency. PromonTech, a 2018 HousingWire Tech100 winner, recently announced its plan to debut an engine that could possibly do just that.
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American Mortgage Consultants launches new subsidiary

New company, TechEssential, offers solutions suite for secondary market
American Mortgage Consultants, a residential and consumer loan mortgage industry solutions provider, recently announced the formation of a new subsidiary, TechEssential, to provide solutions to ease transactions in the secondary mortgage market. AMC's CEO Michael Franco said the new subsidiary represents AMC’s larger commitment to technology as the underpinning of its business.
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Quicken Loans affiliate rebranded under Rocket name

In-House Realty becomes Rocket Homes to better align with sister companies
In-House Realty, a subsidiary of fintech giant and owner of Quicken Loans, Rock Holdings, just rebranded to “better align with sister companies.” This rebrand is a big vote of confidence from Rock Holdings in its fintech operations, as it shows the company is marshaling its brands to consolidate behind the Quicken and Rocket branding.
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Keller Williams is making huge moves in the tech space

The brokerage is placing all bets on tech to elevate its offerings
Keller Williams is on a mission to beat out Zillow and Redfin, and it plans to use technology to make it happen. The real estate franchisor just acquired SmarterAgent to allow agents to create their own branded apps, and it announced a partnership with an artificial intelligence firm to explore tech solutions. The moves appear to be part of a larger strategy to expand its reach.
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