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CoreLogic Announces Acquisition of ClosingCorp
Expands Suite of Digital Solutions and Intelligence to Enhance the Home Buying Process Irvine, CA, June 30, 2021 -- CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today announced the execution of a definitive merger agreement to acquire all outstanding shares of ClosingCorp. The transaction is expected to close in the third quarter of 2021 subject to regulatory approvals, and other customary closing conditions. ClosingCorp, headquartered in San Diego, is a valued partner to major participants in the housing ecosystem providing unique must have intelligence and digital solutions that streamline the quoting and ordering of critical settlement services needed to originate and service a home loan, eliminating friction, cost and risk. "ClosingCorp's unique solutions coupled with the property-level digital content and platforms of CoreLogic enables us to continue our rapid growth and accelerate the introduction of new high-demand products. Pairing our fees and order management platform with the greater resources that CoreLogic brings, will create significant benefits for our customers in terms of simplified workflow and continuous innovation," said Bob Jennings, ClosingCorp Chief Executive Officer. Frank Martell, President and CEO of CoreLogic said, "The CoreLogic team is excited to join forces with Bob and the ClosingCorp team as we expand our range of innovative best-in-class solutions for mortgage lenders, title and settlement companies and real estate professionals. The combination of ClosingCorp and CoreLogic digital solutions, platforms and domain expertise is clearly additive for our clients and the broader housing ecosystem." About CoreLogic CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy, and protect their homes. For more information, please visit www.corelogic.com. About ClosingCorp Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.
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Earnnest Now Available at Berkshire Hathaway HomeServices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines REALTORS, and Executive Realty
Digital earnest money service expands availability throughout Michigan and Northern Indiana GREENVILLE, S.C.--Earnnest, the largest digital earnest money service in the U.S., recently announced the availability of its platform in all 47 locations of Berkshire Hathaway HomeServices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines REALTORS, and Executive Realty. This latest strategic partnership brings digital earnest money to more than 1,000 real estate agents throughout Northern Michigan, Grand Rapids, Kalamazoo and Southwest Michigan, Eastern Michigan and Northern Indiana. "From virtual showings to digitally signed purchase agreements and electronic earnest money deposits, we're building pandemic-approved methods of helping our clients with their housing needs," said Steve Fase II, brokerage president. "Even now that we are back to in-person showings, our agents and clients love using the Earnnest platform; it's fast, efficient and easy." Earnnest is always free to use for agents, brokerages, escrow holders, and title attorneys with a flat $15 fee charged to buyers. The platform utilizes banking-level security and connects to every bank nationwide, sending automated receipts throughout the earnest money transfer to keep all parties updated on the status of the transaction. "We are proud to bring Earnnest to Berkshire Hathaway HomeServices network agents throughout Michigan and Northern Indiana," said Rick Altizer, Earnnest CEO. "Digital earnest money is now expected by clients during a fully virtual transaction, so Earnnest is a powerful tool agents can use to enhance service." Earnnest also continues to gain industry momentum as the standard for digital money movement in real estate. Earnnest is a Nacha affiliate (the organization responsible for U.S. payments governance), an American Land Title Association preferred vendor, a RISMedia preferred service provider and a member of the 2020 REACH class, an accelerator operated by Second City Ventures, the strategic investment arm of the National Association of REALTORS (NAR). "The more agents who have access to Earnnest, the more convenient, safe and streamlined a transaction becomes," said Chris Basinger, vice president of sales at Earnnest. "We've built a solution that will not only help agents and their clients navigate today's challenges but is also sustainable for a successful, digital future." About Earnnest Greenville, S.C.-based Earnnest is the largest digital earnest money service in the United States, allowing buyers to securely and electronically deposit funds directly to an escrow holder. Earnnest keeps agents, buyers and escrow holders in the loop with automated emails and tracking information. Visit Earnnest.com for more information. About Berkshire Hathaway Homeservices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines Realtors® and Executive Realty A family company serving nearly all of Michigan and Northern Indiana with 47 offices and over 1,000 real estate agents. Proud to be named a member of the Berkshire Hathaway Elite Circle, and regularly in the top 50 brokerages as ranked by Real Trends 500. Visit www.bhhsmichiganrealestate.com for details.
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Redfin and Notarize Partner to Offer Fully-Digital Home Closings
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Miami Association of Realtors Partners with and Integrates MLS Offers Into MLS
The Miami Association of Realtors® (MIAMI) has signed an agreement with the real estate technology firm MLS Offers to make MLS Offers' patented offer submission and negotiation platform available as a member benefit MIAMI, FL (AUGUST 25, 2017) - The Miami Association of Realtors® (MIAMI) has signed an agreement with the real estate technology firm MLS Offers to make MLS Offers' patented offer submission and negotiation platform available as a member benefit to their 46,000+ members through an integration into their Matrix MLS software. "MLS Offers is an agent-to-agent communication platform that makes managing all offers across all listings a breeze for agents," MLS Offers CEO Alan Fenn said. "We essentially allow offers to be submitted directly from the MLS. When a list agent requires all offers on their listings be submitted through MLS Offers, they ensure that all offer terms, documents and negotiation correspondence are easily managed by both agents through a simple and clean user interface. We are very excited to partner with MIAMI to bring this technology to all their agents." In addition to being able to import their listings directly into their MLS Offers accounts, MIAMI members will also be able to "enable" MLS Offers service when they add listings to the MLS. Doing so will embed a hyperlink in the broker remarks section of the MLS sheet to submit an offer on that listing. Clicking this link will allow buyer's agents to view offer instructions, download documentation provided by the list agent such as disclosures, complete an online offer summary and attach their offer documentation. On the buy side, agents always know their offer was received successfully by the list agent and are able to track the status of their offer online at all times. This eliminates the frustration of trying to reach the list agent to find out if they received an offer and what is going on with it. Buyer agents also send all offer communication to the list agent through MLS Offers. They can send messages, amend their offer, withdraw their offer, or agree to a seller's counteroffer terms. A pain point of many MIAMI list agents is dealing with multiple offers. MLS Offers addresses this by allowing list agents to easily manage and compare multiple offers in one spot. Agents can even reply to multiple offers on a listing with one click instead of replying to each buyer agent individually. This is a time saving feature when sending out requests for more information, highest and best requests, or even offer rejections. With MLS Offers, all communication between agents on each offer is handled in the organized MLS Offers environment. This removes the need for agents to manage offers through their cluttered email inboxes. MLS Offers adds a level of transparency to the offer process that is not available with email correspondence. MIAMI believes this transparency will enhance the way offers are handled and reduce complaints to the association surrounding offers, which is one of the benefits that attracted them to this technology. "MLS Offers provides so many benefits to both list and buy side agents that I envision this eventually becoming the standard method by which offers are submitted and negotiated throughout the real estate industry," Miami Association of Realtors® CEO Teresa King Kinney said. Please visit http://www.MLSoffers.com to learn more about the service they provide agents. About the MIAMI Association of REALTORS® The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 97 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents more than 46,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with 163 international organizations worldwide. MIAMI's official website is http://www.MiamiRealtors.com
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MLS Offers Launches Platform to Simplify Offer Negotiations
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eBrokerHouse Platform Celebrates Milestone of $15 Billion in Closed Transactions
Real estate software firm eBrokerHouse, Inc. has announced that it has recently surpassed over $15 billion in closed transactions managed through its platform since the company launched its transaction and offer management software in 2009. The company's CEO, Alan Fenn, says, "We provide an easy to use tool for real estate agents to manage all aspects of their business in one location. Agents do not need to learn and pay for multiple software platforms to run their business and they love that. Agents and their teams can login to one platform and manage any type of transaction they have including traditional sales, short sales, REOs, and more." eBrokerHouse boasts that they cultivate a family atmosphere where their clients feel comfortable expressing their ideas and feedback. In fact, Fenn routinely answers customer support calls and replies to user emails himself. He says that talking with his customers daily is the best way for him to know what agents are dealing with on a day to day basis and what they need from a software. According to Fenn, the platform's most popular feature among most agents is the proprietary offer submission and management system. This feature allows agents to receive offers directly into their eBrokerHouse account from a link they can place in their MLS or on their website. Buyer's agents upload their offers online and the offer can be managed and amended by both parties throughout the offer process. To date, over 500,000 offers have been submitted to eBrokerHouse members through the software. eBrokerHouse offers both a free and paid service for agents. Both versions have the same features, but the paid version allows agents to manage a higher volume of active listings, collaborate with team members and store more files.
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