Tuesday, November 23, 2010

Technology on the real estate side

I always find it interesting to see what our business partners are up to when it comes to technology. It turns out that real estate agents are using cutting edge tech to connect with buyers via text messaging.

DMX, Inc., Austin, Texas, partners with Keller Williams Realty, Inc., in several of the Dallas-Fort Worth Metroplex offices to provide a cutting edge real estate shopping experience for area real estate buyers, sellers and agents. DMX worked with Keller Williams to provide a Realty Text Program that the company says will raise the bar in communications between listing agents and property buyers.

The Realty Text Program provides an interactive mobile advertising and lead generation platform for real estate professionals. The tool helps connect buyers and sellers using text messaging and integrates with MLS data systems. Consumers, and property buyers, gain instant access to information, share it with others, or reference it later without skipping a beat. The agent receives a high-quality lead, preventing a lost sale opportunity.

“DMX is excited to partner with Keller Williams and launch a Realty Text Program that will impact the way buyers and sellers interact," said Brian McKinley, VP of Marketing for DMX. "It’s a very exciting time in the mobile industry and we believe Realtors can take advantage of all the new mobile benefits we can now offer in the marketplace."

According to McKinley, the benefits include buyers get information on their phones 24/7, mobile virtual tours from MLS photos, team lead alerts, Website widgets, as well as online training. DMX manages all the customer service, account provisioning, and training and is working with Goomzee for the back end and MLS integration.

“Keller Williams is pleased to roll out our new Realty Text Program that is certain to benefit our sellers and frankly the entire marketplace with easier to use, more immediately available information," said Anne Lakusta, Team Leader, Keller Williams Dallas Metro North. "We are pleased to partner with DMX; we wanted to use a company with a strong reputation in the industry who we knew would be there to roll out the program and provide us with the back end suppliers we need to manage this large intuitive. We are thrilled to be leading our industry in the mobile marketplace.”

Tuesday, November 16, 2010

InHouse Names Richard Heft National Operations Manager

InHouse Inc., Orange, Calif., an appraisal management company and provider of appraiser management technology for banks, lenders, credit unions and other mortgage originators, named Richard Heft national operations manager. Heft will direct all of InHouse’s national operations, including InHouse Solutions, the firm’s appraisal management company (AMC) and InHouse’s Connexions, an appraiser-management platform which empowers lenders to work with any appraisers and AMCs of their choice. Based out of InHouse’s east coast operation in Ponte Vedra Beach, Florida, Heft will manage the company’s appraiser and vendor networks, the assignment of appraisers and the appraisal review process, among other duties.

A veteran of the financial services industry, Heft comes to InHouse from Wachovia, a Wells Fargo Company, where he served as vice president of operations for Wachovia Settlement Services, directing vendor management on the appraisal side of the business. Prior to Wachovia, Heft was manager of vendor relations for Merrill Lynch Credit.

“Richard’s experience in managing and assigning appraiser vendors for a subsidiary of one of the largest mortgage originators in the country at Wells Fargo provides InHouse with the right leadership as we aggressively expand our operations on the east coast and around the nation,” said Jennifer Creech, president of InHouse. “Richard will strategically align the people, process and technology resources at InHouse to meet our growth and quality objectives.”

InHouse’s Connexions platform gives lenders and credit unions the freedom and agility to run the appraisal process in any way that works best for them, from self managing their appraiser panels, working with multiple AMCs to a combination of both self-management and AMC outsourcing.

Mortgage Cadence Integrates with Fannie Mae Earlycheck™

Mortgage Cadence, LLC, Denver, a leading provider of Enterprise Lending Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announces the direct integration with EarlyCheck in support of Fannie Mae’s Loan Quality Initiative (LQI). EarlyCheck provides users with access to Fannie Mae’s data checks at any point in the lender’s business process. Validating critical data prior to delivering a loan to Fannie Mae provides increased certainty for the lender and ultimately reduces funding and pooling delays after submission.

To promote improved loan delivery data, Fannie Mae launched the Loan Quality Initiative (LQI). In order to better assist lenders with the new guidelines, EarlyCheck was developed to ensure that delivered loans meet standard and negotiated terms with fewer delivery stops. EarlyCheck helps lenders identify data issues early on in the loan process, eliminating delivery stops by Fannie Mae. This service also offers multiple data checks including DU findings validation, identity checks, property and occupancy checks as well as eligibility and calculation verification.

“Mortgage Cadence has always been, and continues to be, incredibly proactive in providing our clients with solutions that not only adapt to, but take advantage of, industry change,” stated Chuck Kimball, executive vice president of product management for Mortgage Cadence. “We are offering a direct integration with EarlyCheck to allow our clients to easily and quickly validate data to eliminate errors before submitting a loan to Fannie Mae. We will continue to stay abreast of industry changes and advance our solutions accordingly in order to provide our clients with the competitive advantages they need in this ever-changing market.”

Through this seamless integration, lenders are able to submit a loan to EarlyCheck, retrieve the data file and analyze the results all without leaving Mortgage Cadence Orchestrator. In the initial release, results from EarlyCheck can also be used to drive workflow and initiate correspondence to assist lenders with error resolution. By providing this direct integration with EarlyCheck, Mortgage Cadence continues to offer its customers integrated tools that allow them to efficiently manage the entire lending process within one enterprise platform. Mortgage Cadence will continue to progress with the ever-evolving lending industry in order to be the last open lending and financial services platform its clients will ever need.

Friday, November 12, 2010

Peoria REALTOR® and Author Greg McCoy Achieves RE/MAX Hall of Fame Award Recognizing Lifetime Sales Achievement

Greg McCoy, a Realtor® with RE/MAX Unlimited, Peoria, Ill., recently received the RE/MAX Hall of Fame Award for having achieved an exceptional lifetime level of commissions during his career with RE/MAX.

“I am delighted to have earned the RE/MAX Hall of Fame Award,“ said Greg McCoy. “My sales success, while exciting, only reflects my sincere desire to help my clients make a successful real estate sale or purchase. By working diligently, communicating clearly and persisting on behalf of my clients, I make sure that they can achieve their investment and life-style dreams. My first commitment is to their success — which makes receiving the Hall of Fame Award for sales success that much more meaningful.”

The RE/MAX Hall of Fame award was established to recognize and salute the exclusive group of top producers who have achieved excellence in sales during their career with RE/MAX. In 2009, only 16 percent of all RE/MAX Affiliates earned this prestigious award.

RE/MAX has nearly 100,000 agents in more than 75 countries who continue to out-produce the competition, averaging more sales than other real estate agents. With one of the most recognized brands in the world and one of the most trafficked web sites, www.remax.com , RE/MAX leads the industry with experience, professional agents - agents who are trained and educated through the award-winning RE/MAX University.

McCoy is associated with REMAX Unlimited, located at 3622 N. Knoxville Ave in Peoria, IL. He holds the designation of GRI (Graduate REALTOR® Institute), as well as that of e-PRO, which indicates expertise in use and application of technology. McCoy began his career in real estate in 2002. Prior to that, he worked as a manufacturing engineer for 30 years, living for four of those years in Piracicaba, Brazil. McCoy is married to Betty McCoy and together they have three married children and several grandchildren.

Author Greg McCoy is a full-time, licensed REALTOR® with a passion for working with first-time homebuyers. His recently-published book The House Hunt – A Guide to Buying Your First House is available on his website at http://www.GregMcCoy.com.