United Wholesale Mortgage has said it intends to let homeowners pay off their mortgages in bitcoin later this year. The company, which went public last January via a special purpose acqusition merger, said this week it intends to accept “cryptocurrency” as payment for home loans. Detroit Free Press, which first reported the story, said UWM […]
Automated underwriting startup Candor lands $12.5M in funding
August 19, 2021 by
Artificial intelligence-driven startup Candor, which has created technology that helps automate the underwriting process, has landed $12.5 million in Series A funding. The round was led by Arthur Ventures, a leading early-growth capital firm focused on high-growth, capital-efficient B2B software companies. Candor burst onto the scene last summer at the height of the COVID-19 pandemic, […]
Consumers trust digital transactions, survey shows
August 10, 2021 by
Online transactions have accelerated since the COVID-19 pandemic came to town, and real estate is no different. Indeed, a new survey by Notarize shows that U.S. adults are now quite comfortable with completing financial transactions digitally. The survey found that 81% of U.S. adults indicated they feel secure when completing financial purchases online. But many […]
Will hemp homes solve the building material shortage?
August 5, 2021 by
Sky rocketing prices for building materials have been a common complaint from home builders over the past year. The costs of lumber, steel and concrete have all soared, and now some are promoting the idea of hemp as a more affordable alternative. Hemp does contain cannabis, but the concentration of THC is much, much lower […]
Real Estate Technology Update: Agents Still Waiting On Miracles
August 5, 2021 by
According to a NAR survey, cybersecurity, drones, 5G, and virtual reality will lead real estate technology developments in the next 24 months.
Localize raises $25M funding for its AI-powered home search platform
August 5, 2021 by
Artificial intelligence-powered real estate search startup Localize has attracted $25 million in a Series C round of funding as it looks to eliminate buyer’s remorse in home buying. Pitango Growth led the round, which also saw participation from Mizrahi-Tefahot and its existing investors, bringing the company’s total amount raised to date to $70 million. As […]
Real Estate Tech Sensation “Side” Snags Another $50 Million in Funding
July 27, 2021 by
Sensational real estate technology startup Side just raised another $50 million in funding on a $1.5 billion valuation leap.
Compass partners with Guaranteed Rate to launch OriginPoint mortgage services
July 19, 2021 by
Tech-powered real estate brokerage Compass has officially entered the mortgage business. The company has announced it’s forming a new mortgage origination firm in partnership with Guaranteed Rate Inc. Compass, which is best known for its technology tools that assist real estate agents in marketing themselves and their listings online, wants to expand its business by […]
Entera raises $32M to open up the single-family home market to institutional investors
July 7, 2021 by
Real estate investing data startup Entera Holdings Ltd. has raised $32 million in a Series A funding round, bringing its total amount raised to $39.5 million following an earlier seed funding round. The round was led by Goldman Sachs investment arm, Goldman Sachs Asset Management, with participation from Bullpen Capital, Craft Ventures and Valuestream Ventures. […]
FAA eases rules on drone use, creating more opportunities for real estate marketing
June 8, 2021 by
Some tech-savvy real estate agents have already been using drones to create aerial videos and photos that enhance their listings. Now, their use could be expanded by new Federal Aviation Administration rules, the National Association of Realtors reported last week. The FAA has eased some restrictions on drone use while expanding other rules. For example, […]
