DS News

March 2017 - Tools of the Trade

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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92 Jeremy Sicklick, CEO and Cofounder of HouseCanary, said he wants the company to set the foundation for the future of residential real estate in the digital space. "We are on a mission to help people make better real estate decisions," he said. "We want to do for resi- dential real estate what Bloomberg did for fi- nancial services: build a platform that will be a beacon of accuracy and transparency, enabling greater speed and confidence in residential real estate transactions." Blackstone's Invitation Homes, Sotheby's International Realty, and three mortgage lenders are several companies using HouseCa- nary's analytical products, according to a press release. Chris Stroud, Chief Scientist for House- Canary, says the company is positioning itself to be one of the leading resources for the real estate industry in the years to come. "Data is behind virtually every significant industry transformation," he said. "By systematically gathering and analyzing terabytes of data from every county in the United States and some 10 million U.S. Census blocks, HouseCanary has set itself up to be the trusted source for residential real estate information now and into the future." LRES' New Offerings Brought Substantial Growth in 2016 Orange, California-based LRES expe- rienced considerable growth in 2016 due to multiple new company products and offerings, new additions to the executive team, and a larger overall client base, which is partly due to the acquisition the company made in April of last year. LRES, which offers REO asset manage- ment, commercial and residential real estate valuations, and technology solutions for the real estate industry, made the decision to ac- quire residential and commercial evaluator In- sideValuation and its 25,000 field agents. e acquisition did quite a bit to bolster LRES' offerings and client base. LRES further built upon its homeown- ers' association (HOA) services to include aid originators, servicers, and investors to assess and manage the risk associated with HOA defaults. It also improved its HOA platform to more accurately keep track of HOA liens. e firm furthered its success through the hiring of a few new executives. is included a new CTO, chief appraiser, VP of operations, and VP of technology. ing to know that this nomination came from our lender clients who recognize our commit- ment to providing timely, accurate, and trans- parent results in order to optimize the closing process and overall consumer experience." e Ellie Mae Hall of Fame recognizes the top companies that use Ellie Mae's Encompass all-in-one mortgage management solution. Winners will be announced at the Ellie Mae Experience 2017, which will be held March 6-9, 2017, at the Wynn Las Vegas in Las Vegas, Nevada. Jonathan Corr, President and CEO of Ellie Mae, elaborated on the value of the conference and how it will impact attendees. "Our Expe- rience 2017 conference provides the perfect set- ting to recognize our esteemed customers and partners who have used Ellie Mae technology to transform and grow their businesses," he said. "We received so many success stories showcasing our customers' innovative use of Ellie Mae solutions to achieve compliance, efficiency, quality, and growth, and we look forward to honoring our winners." HouseCanary Ends Series A Funding with $33 Million from Tech Investors HouseCanary, a real estate analytics company headquartered in San Francisco, announced that the company has received approximately $33 million from technology investors, including Hillspire, Alpha Edison, ECA Ventures, and Raven Ventures. According to TechCrunch, HouseCan- ary has built a data business that assesses and predicts the value of approximately 100 million homes using machine learning and compre- hensive algorithms. e company benchmarks residential areas based on local schools, the employment market, and crime rates. California Hilary Marks Woman Owned Business BRE# 01730451 www.WESALECA.com 909-529-3707 HILARYREO@yahoo.com CALIFORNIA ClosingCorp Named Finalist for Ellie Mae's Lender's Choice Awards ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently announced that it is a finalist for Best Service Provider for the 2017 Ellie Mae Hall of Fame Lender's Choice Awards. Headquartered in San Diego, California, ClosingCorp uses innovative solutions and progressive technologies to deliver timely, accurate, and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement compa- nies, and real estate professionals. Bob Jennings, CEO of ClosingCorp, ex- pressed appreciation on behalf of the company for being recognized by Ellie Mae. "It is an exceptional honor to be selected as a finalist for the Lender's Choice Awards for the second year in a row," he said. "It is especially gratify-

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