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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 10 July 2024 M T E C H to select from a variety of flooring, coun- tertop, and wall treatments to create a style that is all their own. "We are excited to deepen our partner- ship with Redfin as we empower home- owners to bring their dream spaces to life," said Pawel Rajszel, CEO of Roomvo. "Now, both homeowners and homebuyers can go to Redfin to redesign homes with ease using Roomvo's proprietary AI design- er and choose from a robust catalog of products. We've already seen remarkable engagement with Roomvo on the Redfin platform, demonstrating the importance of room visualization in the future of homebuying." Now Available on More Than 210,000 For-Sale Listings Redfin has partnered with five addi- tional multiple listing services (MLSs) to activate Redfin Redesign on listings in the Midwest, central Texas, and the Bay Area. The improved feature is now avail- able on Redfin.com and iPhone for all active Redfin listings, select listings that were recently sold by a Redfin agent, and eligible listings on Bright MLS, MRED, NorthstarMLS, Realcomp, Central Texas MLS, and BAREIS MLS. In total, Redfin Redesign is available for more than 210,000 for-sale listings across the United States and to any U.S. homeowner who has claimed their home on Redfin. Originally launched in December 2023, Redfin Redesign is part of Red- fin's ongoing effort to modernize the home search and make the buying and selling process easier. Redfin was the first national brokerage to offer 3D walkthroughs on its listings to help consumers virtually tour a home, and is now using AI to enhance listing photos, which are the most popular feature on Redfin's home detail pages. The compa- ny also recently launched Ask Redfin, an AI-powered virtual assistant to help buyers quickly find information about for-sale homes, which is now available for all U.S. iPhone app users nationwide. To make Redfin Redesign available for more listings, Redfin continues to ex- plore partnerships with additional MLSs and brokerages who see how this tool can help agents market their listings to Redfin's audience of 49 million monthly users. INSTABASE HELPS ROCKET MORTGAGE ENHANCE LOAN APPROVALS AND CLIENT EXPERIENCE THROUGH AI I nstabase, an applied artificial intelli- gence (AI) solution for unstructured data, has announced a partnership with Rocket Mortgage, a retail mortgage lender, which is a part of parent company Rocket Companies. The partnership helps Rocket Mortgage facilitate data extraction and automation from the 1.5 million documents the lender receives each month. "We're thrilled to partner with Rocket Mortgage that is constantly challenging the status quo for something as import- ant as homeownership," said Clemens Mewald, Head of Product for Instabase. "We are proud to offer cutting-edge AI solutions to our partners that can be applied to improve efficiencies, like extracting data to save hours of time for mortgage loan officers and underwrit- ers." The mortgage process is historically lengthy, complex, and not conducive to automation. Traditional automation tools could not solve these problems because they struggle to maintain high variability and accuracy, especially when deciphering unstructured data trapped in complicated documents—a common occurrence in the mortgage industry. "Rocket Mortgage is committed to transforming every experience with AI, making the historically tedious process of applying for a mortgage easier than ever." —Andrew Colunga, VP of Digital Product Management, Rocket Mortgage