Tag - brokers

Hurdlr Earns Grand Prize At Realogy FWD Innovation Summit

Hurdlr Earns Grand Prize At Realogy FWD Innovation Summit

NEW YORK/ Sept. 10, 2017 (StlRealEstate.News) — Realogy Holdings Corp. (NYSE: RLGY) today announced Hurdlr, Inc. as the grand prize winner of the 5th annual Realogy FWD Innovation Summit held at the Microsoft Technology Center in New York City. Hurdlr earned top honors at FWD for presenting the most innovative technology product or service designed for the real estate industry among the 15 emerging technology companies. The event was livestreamed via Facebook Live, and a replay is now available on Realogy’s Facebook page.

“Today we were treated to a showcase of technology-enabled solutions to everyday issues in our industry,” said John Peyton, president and CEO of the Realogy Franchise Group. “The ideas and solutions presented today ranged from artificial intelligence and virtual reality to smart new apps designed to make real estate agents and brokers more successful.”

Hurdlr, based in Bethesda, Maryland, is a mobile app for independent workers, freelancers, and solopreneurs to manage their finances in seconds. It provides business performance insight that helps real estate agents maximize their productivity. Realogy presented Raj Bhaskar, Hurdlr co-founder and CEO, and Anu Bhaskar, co-founder and CTO, with a $25,000 cash prize as well as a coveted placement in the ZapStore, an innovative app and service marketplace that is directly integrated within Realogy’s proprietary Zap® platform for its affiliated brokers and sales professionals.

“Managing your accounting, finances and taxes may not be very sexy, but profitability is so important in any industry, and that’s what we feel we are bringing to the table for real estate agents,” said Hurdlr CEO Raj Bhaskar.

The other two companies selected as FWD medalists were first runner-up Agentology, a lead management and qualification platform for agents, and the second runner-up Transported, a virtual reality app that works with any camera or VR device. More information about all of the participating companies is available at RealogyFWD.com, including list of past winners and finalists.

About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage with many of the best-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, Sotheby’s International Realty® and ZipRealty®. Collectively, Realogy’s franchise system members operate approximately 14,250 offices with more than 281,000 independent sales agents conducting business in 114 countries and territories around the world.  NRT LLC, Realogy’s company-owned real estate brokerage, is the largest residential brokerage company in the United States, operates under several of Realogy’s brands and also provides related residential real estate services. Realogy also owns Cartus, a prominent worldwide provider of relocation services to corporate and affinity clients, Title Resource Group (TRG), a leading provider of title, settlement and underwriting services, and ZapLabs LLC, its innovation and technology development subsidiary.  Realogy is headquartered in Madison, New Jersey.

SOURCE: Realogy Holdings Corp.

Premier Sotheby’s International Realty Selects Dotloop to Power Transaction Management for its 1,100 Agents

Premier Sotheby's International Realty Selects Dotloop to Power Transaction Management for its 1,100 Agents

CINCINNATI/ Aug. 3, 2017 (StlRealEstate.News) — Dotloop®, a leading platform for simplifying the real estate buying and selling process, today announced an agreement with Premier Sotheby’s International Realty to bring dotloop’s services to its more than 1,100 agents across 31 offices in Florida and North Carolina. Premier Sotheby’s International Realty is the second largest Sotheby’s affiliate in the U.S. by sales volume.

Dotloop’s services cover the full real estate transaction with form creation, e-signatures, collaboration, compliance, and storage, all while providing business insights to brokers and team leaders. As part of the agreement, Premier Sotheby’s International Realty agents and brokers have access to dotloop® Business+, which increases agent productivity and creates a more intuitive, efficient review process for the brokerage’s compliance team.

“We have long admired Premier Sotheby’s International Realty as a leading real estate brand  that recognizes the importance of technology in improving the transaction experience,” said Austin Allison, founder and general manager of dotloop. “Through our new alliance, we will provide Premier Sotheby’s International Realty agents with extensive tools and services to help them get deals done more effectively and efficiently. We are excited to work with such a well-respected organization.”

“One of our key objectives is ensuring that our people have the best technology available to do their jobs and create a superior experience for our customers,” said Budge Huskey, president, Premier Sotheby’s International Realty. “When we looked at who could help us go paperless and provide the most user-friendly software, dotloop emerged at the top of the list. We look forward to a successful relationship.”

Dotloop is the leading online transaction and productivity optimization platform in real estate. Dotloop reduces complexity by replacing separate form creation, e-sign, and transaction management systems with a single end-to-end solution and drives growth by helping real estate professionals streamline their businesses with workflow automation and real-time visibility into transactions. Each year, millions of agents, brokers, and clients trust dotloop to get deals done.

The company is based in Cincinnati, Ohio. dotloop is owned and operated by Zillow Group (NASDAQ: Z and ZG). To learn more about dotloop, visit www.dotloop.com.

SOURCE: Dotloop


Fortress to Acquire Colony American Finance, LLC

Fortress to Acquire Colony American Finance, LLC

NEW YORK,/July 18, 2017 (StlRealEstate.News) — Colony American Finance, LLC (“CAF”) today announced that certain funds (“Fortress Funds”) managed by affiliates of Fortress Investment Group LLC (NYSE: FIG) have purchased the equity and substantially all of the assets of CAF. Terms of the transactions were not disclosed.

Simultaneously with the purchase, Fortress Funds will rebrand the CAF operating platform under the name CoreVest American Finance Lender LLC (“CoreVest”). CAF was launched in 2014 to address the unique financing needs of residential real estate investors and has successfully grown into the market leader, having closed over $2.8 billion in loans since its inception. The Fortress Funds will be joined by the current senior management team of CAF in launching CoreVest. The senior management team will remain with the company and retain their current titles.

Beth O’Brien, Chief Executive Officer of CAF who is now CEO of CoreVest, said, “We are excited to bring the same team and the same approach to the market under the CoreVest brand. Our customers will continue to work with our people and experience our high level of service, while also benefiting from the strategic capital brought by the Fortress Funds.”

“We see terrific synergies between CoreVest and Fortress,” added Christopher Hoeffel, Chief Financial Officer of CoreVest. “The new relationship with the Fortress Funds, given their experience in the specialty finance area, will allow us to expand our market leading position in the growing, yet underserved, single-family rental finance market.”

Ryan McBride, Chief Operating Officer of CoreVest, noted, “We believe our opportunity for growth is especially strong given the demographic tailwinds for housing in the U.S. This transaction will enable us to provide scalable debt capital and innovative financing products to our investor clients.”

Freeman and Co. and Latham & Watkins LLP advised affiliates of Colony NorthStar managed funds, Sidley Austin LLP advised the Fortress Funds and Dechert LLP advised the management team.

About CoreVest American Finance Lender LLC
CoreVest is a specialty finance company that provides a range of debt products to residential real estate investors. The company offers portfolio and single-asset term loans for stabilized rental properties as well as short-term credit lines for acquisitions. Founded in 2014 as Colony American Finance, the Company has financed over 20,000 properties and closed over $2.8 billion in loans. Its products are tailor-made for investors and it provides attractive rates, rapid timelines and closing certainty. The company works directly with borrowers as well as with brokers and correspondent partners. For more information, visit www.corevestfinance.com.

SOURCE: CoreVest American Finance Lender LLC