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Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. The post Digital closings have spiked 228% since 2019 appeared first on HousingWire. Thirty-five percent of companies currently offer RON to close deals.

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StreetEasy launches New York City home valuation tool

Housing Wire

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. In June 2019, it began using photos to help decide the appeal and worth of a home.

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Zillow: Black homeownership has risen, but not to 2004 level

Housing Wire

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. Allowing rent payments to count in credit scores is one example of how to move the industry forward.”

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Polly launches Lender Intelligence platform 

Housing Wire

Lenders can also license Polly’s raw data for use in tandem with existing in-house tools. Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders nationwide.

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Guaranty rolls out GAssist, a new borrower application portal

Housing Wire

The GAssist portal will provide its partners, which include community banks, credit unions, and brokers, with tools that will allow them to better manage borrower expectations, from guided originations to processing tools, according to a press release on the roll-out. The tools are housed within the secure application portal.

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Polly and CoreLogic partner on API integration

Housing Wire

Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

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AI in real estate: Assessing current and future use cases

Housing Wire

Lickstein helped craft an AI-powered tool designed to educate brokers and is currently developing a compliance framework. That led to the company ultimately comparing the marketing output of ChatGPT and a human worker, leading Lickstein and others on his team to understand the potential to leverage the tools. “We