First American

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

single-family homes for potential buyers, and focuses exclusively on co-ownership. The platform facilitates residential property co-ownership for their clients through a limited liability company (LLC), along with the use of the co-owned house throughout the year by authorizing a calendar among the stakeholders of a property, through its scheduling solution SmartStay. Through this solution, Pacaso also manages aspects such as furnishings, repairs, and utilities on behalf of homeowners.A piece of its co-owning real estate can vary from one-eighth of the home to a higher fraction of ownership. Using this business model, Pacaso targets wealthy individuals with most of the listings being luxury or high priced homes, typically purchased as second homes.The platform is monetized through a mix of subscription and commission-based business models. Pacaso charges a 12% fee on home purchases and a USD 100 monthly fee from each owner once the purchase is made.Pacaso has managed around USD 200 million worth of real estate on its platform, spanning over 25 markets across the US, which include areas such as Palm Springs, Miami, Oregon, Maui, Scottsdale, with international presence across Spain in the cities of Marbella and Ibiza.&nbsp; In <a href="https://sp-edge.com/updates/25410">January 2024</a>, it launched its co-ownership platform into Paris, its first venture into the French market. It marks Pacaso's growth to 40 destinations across four countries: France, Mexico, UK, and US.As of December 2023, Pasco reached over USD 1 billion in accumulated revenue.Key customers and partnershipsAs of December 2023, Pasco had over 1,500 customers.In November 2022, <a href="https://sp-edge.com/updates/14491">Pacaso partnered with Alto, a ride sharing platform, and Surf Air, a regional air travel provider</a> to provide embedded travel options through its platform which can allow users to seek travel options to their co-shared Pacaso homes through road and air travel.

Sundae is a platform that helps owners of dated or damaged houses to sell their homes at the highest offer with an off-market price. The platform facilitates home sellers to list their properties as they are without incurring any incidental costs such as cleaning or repairs. In return, the platform enables investors to view properties via the platform and submit their offers.Sundae focuses on listing as many residential properties that need to be sold immediately and eliminates the use of an agent in the transaction. The client is able to make the transaction faster while saving transactional fees and incidental costs. The platform claims to provide clients with certainty that the property will be sold off and will have no trouble in terms of scheduling showings and maintenance cost during this period. Sundae’s target market consists of distressed clients such as individuals going through financial distress, divorce, unexpected life events, or even owners of damaged homes (due to natural disasters).&nbsp;The company is monetized through platform fees, which it charges from buyers each time it assigns them a property.&nbsp;As of August 2024, the company operated in 10 markets across California and Texas.

Orchard offers a platform that manages the residential real estate marketplace by allowing clients to make listings as well as buy and sell residential property. The company has calibrated its home purchasing process by allowing its clients to move into their new homes prior to selling their old homes. This allows the clients to secure their new homes using Orchard’s cash and not having to move twice when switching homes. Therefore, most clients are able to move into their new homes faster within an average period of 10 days.&nbsp;Orchard currently operates its full suite of services in six metropolitan areas across three states: Texas (Austin, Dallas-Forth Worth, Houston, and San Antonio), Georgia (Atlanta), and Colorado (Denver). In addition to these markets, Orchard's home-buying services extend to a broader range of states, where its agents assist customers to purchase new construction or re-sale homes. These states include Alabama, Arkansas, Arizona, California, Florida, Illinois, Kansas, Louisiana, Michigan, North Carolina, New Mexico, Ohio, Oregon, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Washington.In March 2020, Orchard added two new features to its platform—Home Match and Photo Switch. Home Match is a quiz-based algorithm that allows users to perform filtered property searches to find listings based on customer-specific home features like bedroom size, floor plan style, etc. Photo Switch uses scanning technology to allow users to browse through listings and find homes based on saved pictures from their devices, which portray the desired home features. Orchard claims that these two new features are distinctive to its platform. The platform continued its new product spree by launching Orchard Dashboard in October 2020, a digital platform to help clients manage their real estate transactions. It features the ability to share property listings online, 3D home tours, real-time feedback from potential buyers, sign virtual documents, etc.&nbsp;The platform generates revenue through commissions, charging a fee of 6% of the home sale value.&nbsp;Key customers and partnershipsSince its inception, the company has dealt with 5,000+ buys and sold USD 2+ billion worth of homes.

Roofstock is an online marketplace for investing in leased single-family rental homes in a transparent and low-friction way. The company provides its clients with research, analytics, and insights to evaluate and purchase independently certified properties at set prices. It enables its investors to treat their real estate investments more like stock portfolios, focusing on asset allocation, rather than researching, and buying vacant homes that need to be repaired and leased. Founded in 2015, Roofstock gets its funding from Bain Capital, Ron Conway, Khosla Ventures, Marc Benioff, and other investment companies. It is headquartered in Oakland, California.

The secondary market for mortgages accounts for over $1T in annual volume and impacts 20% of GDP. Yet, the pricing and loan trading of mortgages is still often done with antiquated technology, excel spreadsheets, phone calls, and physical paper. Billions of dollars are lost to inefficiency and mistakes. Polly is transforming the mortgage industry with its modern, data-driven capital markets ecosystem that includes an advanced Product & Pricing Engine (PPE), Loan Trading Exchange, Analytics Platform, and Partner Platform. Our mission is to help capital markets and secondary teams operate smarter, more efficiently, and more profitably with best-in-class, end-to-end technology that is configured for each of our customers’ unique workflows and business needs. Polly is based in San Francisco, California. Please visit www.polly.io to learn more.

Endpoint is a digital Title and Escrow company, built from the ground up to deliver a radically improved closing experience for real estate agents and their buyers and sellers. Through its platform, Endpoint keeps everyone effortlessly and securely in the know throughout the transaction, while streamlining the process to make closing simple, fast and transparent

Ribbon Home was created to make home ownership achievable by giving homeowners the freedom to buy before they sell. They work with Realtors in local markets to give their clients the freedom to buy the home they want now and the time and flexibility to sell their existing home for the best possible price. They believe that any family buying their next home should have access to a simpler and stress-free process.

Orchard is a real estate development company. They provide home buying and selling services. They help customers find and purchase homes. They also provide vendor partner services that include cleaning, landscaping, photography,  flooring, roofing, and plumbing services.

Sundae provides a residential real estate marketplace intended started to help sellers get a fair price for their house. It offers an alternative to the unpredictability of the traditional real estate agent sales process. Users can sell as-is on their timeline. That means they do no clean-up, repairs, showings, or any work at all. It is the only marketplace connecting home sellers with a large network of local investors, ensuring that homeowners get the highest possible off-market price for their homes.

Pacaso modernizes the generations-old practice of co-owning a second home by creating a marketplace that makes buying and selling easy and adding professional management and technology to make scheduling dates and owning the home seamless and simple. Buyers considering a second home can tell Pacaso where they want to buy, how much they want to spend, and how much time they expect to spend in the house. Pacaso and its real estate agent partners will help them find the perfect home and set up a professionally managed LLC uniquely designed for co-ownership. The buyer will purchase their desired share—for example, half of the home, which will guarantee them access to the home for half the year—and Pacaso will briefly purchase the remainder of the home, before reselling the remaining portion to vetted buyers. Pacaso will manage the property, and owners will use Pacaso’s mobile app to make scheduling easy and equitable.

Vertical was created by a team who cares very deeply about building a better, more efficient experience for construction payment tracking. With years of deep experience in construction escrow and B2B payments, as well as solving complex problems across industries like healthcare, we are excited about the opportunity to improve how you do business each month.  While based in Chicago, we work closely with our partners across the country to ensure that they are making the most of each month’s draw process.

RE3W provide Internet technology that will dramatically reduce development and investment risk.

Buildingbrokers is an online marketplace that allows its users to buy and sell real estate.

VINtek, Inc. provides automotive collateral management, electronic lien and title (ELT), direct auto finance, and business processing services for banks, credit unions, and auto finance institutions. The company’s solutions include VINtekTIME, a Web-based system for tracking and managing automotive collateral paper and e-titles; e-Title solutions; title administration and maintenance services; title corrections; lien recordation; lease-to-loan ownership transfers; refinance processing; and evaluate used vehicles. VINtek, Inc. was founded in 1990 and is headquartered in Philadelphia, Pennsylvania with offices in Sacramento, California; Las Vegas, Nevada; and Troy, Michigan.

First American provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The First American Family of Companies' core business lines include title insurance and closing/settlement services; title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust, and investment advisory services.

<div> First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services for real estate transactions in the US. Founded in 1889, the company has grown to become the second-largest title insurance company in the nation. First American offers a wide range of products and services, including: <ul> <li> Title insurance and settlement services for residential and commercial real estate transactions </li> </ul> <ul> <li> Home warranty protection </li> </ul> <ul> <li> Real estate data and analytics solutions </li> </ul> <ul> <li> Lender and servicer solutions leveraging property data and technology </li> </ul> <ul> <li> Trust and investment management services </li> </ul> <ul> <li> Banking services specializing in real estate management </li> </ul> First American has continued to expand its digital capabilities to streamline real estate transactions. In 2023, the company introduced ClarityFirst, an end-to-end digital solution for commercial real estate transactions. First American has also been recognized as one of Fortune's 100 Best Companies to Work For for nine consecutive years as of 2024, highlighting its focus on company culture and employee satisfaction. As of December 2023, First American reported total revenue of USD 6.0 billion for the year and employs over 21,000 people. </div>

First American increases quarterly dividend 2% to 54c per share

Tools for automating property lease management workflow processes. Some startups handle the entire leasing process while others only handle part of the process (e.g., rent collection). Leasing tools for agents are included here.

These tools automate the property appraisal process. Appraisals are generally required by lenders before originating mortgages to buyers.

Tools for title and escrow, as well as transaction management;
1) Title and Escrow: These platforms provide settlement and closing services. They cover a variety of tools, such as, title search and examination, automated generation of closing disclosure, online notarization, automated fund disbursements using electronic cheques, etc. 
2) Transaction Management: These platforms generally enable various users (agents, buyers, sellers) to manage real estate transactions more efficiently. They bring all users and tools together onto a single platform to complete tasks like electronic signatures, seller disclosure forms, etc.

These tools essentially help agents in buying and selling activities, such as generating and managing leads, getting referrals, and searching for suitable homes for clients.

These platforms handle activities related to home maintenance and improvements. They either provide the services themselves or simply connect clients to vendors.

Companies that offer tools that allow renters or buyers to view homes without visiting the sites.

Companies that offer an online platform to match buyers and sellers of residential real estate properties.

First American

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