DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1517420
MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 6 March 2024 M T E C H the ceiling to the floor. Home shoppers can take a virtual walk down hallways and pop their heads into every closet, all while using an AI-generated floor plan as a guide, providing a better under- standing of where they are in the home's layout and getting a sense of its flow. According to Zillow's latest Con- sumer Housing Trends Report, 74% of prospective buyers agree that 3D tours help them to get a better feel for a home's space than static photos, and 70% wish that more listings had 3D tours available. One of the key features of Zillow Immerse is the AI-powered interactive floor plan, which helps users better un- derstand the layout and flow of a home. Zillow's survey shows that more than half of prospective buyers regret wasting time visiting properties they would have skipped if they had access to the floor plan beforehand. At the same time, 79% of prospective buyers are more likely to view a listing if it includes a floor plan that appeals to them. Additionally, three out of four prospective buyers recognize the value of a dynamic floor plan, which links each photo to where it was taken in the floor plan, providing the best possible understanding of whether a particular home is the right fit for their needs. Zillow Immerse is an experience de- signed specifically for Apple Vision Pro utilizing Listing Showcase listings. Real estate agents who subscribe to Listing Showcase will now have their listings automatically integrated into the Zillow Immerse app. Listing Showcase is an elevated list- ing experience available only on Zillow. Showcase listings feature high-resolution scrolling hero images, room-by-room photo organization, interactive floor plans, and 3D tours. RISKSPAN AND DOMINIUM ADVISORS ANNOUNCE NEW MARKET DASHBOARD R iskSpan has partnered with tech-enabled asset manager Do- minium Advisors to introduce a new whole loan market color dashboard to RiskSpan's Edge Platform. This new dashboard combines loan-level market pricing and trading data with risk analytics for GSE-eligi- ble and non-QM loans. It enables loan investors visibility into where loans are currently trading and insight on how investors can currently achieve excess risk-adjusted yields. The dashboard also provides mortgage investors with visibil- ity into where loans are currently trading. "Our strategic partnership with RiskSpan is a key component of our resi- dential loan asset management operating platform," said Peter A. Simon, Founder and CEO of Dominium Advisors. "It has enabled us to provide clients with power- ful risk analytics and data management capabilities in unprecedented ways." The dashboard highlights Domi- nium's proprietary loan investment and allocation approach, which allows investors to evaluate any set of residen- tial loans available for bid. Leveraging RiskSpan's collateral models and risk analytics, Dominium's software helps in- vestors maximize yield or spread subject to investment constraints, such as a risk budget, or management constraints, such as concentration limits. "The dashboard is a perfect com- plement to our suite of analytical tools," noted Janet Jozwik, Senior Managing Director and Head of Product for Risk- Span's Edge Platform. "We are excited to be a conduit for delivering this level of market color to our mortgage investor clients." COLONIAL SAVINGS LAUNCHES SERVICING ECOSYSTEM C olonial Savings FA, a mortgage servicer with more than 72 years of experience in the mortgage industry, is set to launch a new mortgage servicing ecosystem on March 1. Colonial will launch a multitude of enhanced, customer-focused servic- ing solutions, including ICE Mortgage Technology's MSP loan servicing system, and its Servicing Digital and Customer Service tools. Zillow's survey shows that more than half of prospective buyers regret wasting time visiting properties they would have skipped if they had access to the floor plan beforehand.