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RealReports enhances property document analysis with new multimodal AI feature

Housing Wire

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It pulls information from more than 30 data providers.

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DocMagic adds ADA-compliant loan documents to its library

Housing Wire

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

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Redfin’s losses grow amid difficult market conditions

Housing Wire

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. Market conditions recently got worse, but Redfin got better in the first quarter of 2024,” Glenn Kelman, CEO of Redfin, said in a statement. The brokerage posted revenue of $225.5 But it also reported a net loss of $66.8

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Trapeze for Mortgage Automation from SoftWorks AI converts documents to data with accuracy and speed

Housing Wire

Trapeze is a purpose-built solution designed to streamline different aspects of the mortgage lifecycle, from origination to post-close review, by converting documents to data with extreme accuracy and speed. With SoftWorks’ secure cloud-enabled processing, clients can dynamically scale lending capacity up or down to meet market demand.

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EZ NFT, Matrix Mortgage Collaborate on Digitizing Real Estate Documentation as NFTs

Appraisal Buzz

a company focused on identifying and growing top tech companies in emerging markets, has announced that its controlled subsidiary dba, EZ365 , plans to join forces with Toronto-based Matrix Mortgage Global to mint critical mortgage and real estate documentation in blockchain-enabled NFT form. Wee-Cig International Corp. ,

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Carrington Mortgage Services Hires Steven Winokur as VP, Marketing, Third-Party Origination

Appraisal Buzz

Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination. Previously, he was with non-QM lender Angel Oak Lending, where he served as chief marketing officer. Winokur has established a reputation as a non-QM virtuoso.

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Seniors aging in place in Chicago could reshape city’s housing market

Housing Wire

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. Boomers own 35.6% of the national U.S.