Rocket Mortgage Introduces New Tech Platform to Empower Real Estate Agents

Unprecedented visibility into the mortgage process to provide certainty and ensure a world-class experience for both the home buyer and their agent

DETROIT, Oct. 12, 2020 /PRNewswire/ — Rocket Companies (NYSE: RKT) today launched “Rocket Pro Insight”, a new technology platform providing real estate agents real-time updates on the status of their clients’ mortgages. Through both a website and mobile app, real estate professionals will have transparency into the loan experience. They are now able to see where each loan is in the process, the terms of their clients’ loans, if additional documentation is needed and when it will close.


Rocket Pro Insight is a new technology platform from Rocket Mortgage providing real estate agents real-time updates on the status of their clients’ mortgages.

“Our team is constantly leveraging the power of technology to streamline and simplify the mortgage process. Rocket Pro Insight is the latest innovation in a long line of FinTech tools we have created to improve the experience and give added confidence to our clients and their partners,” said Jay

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Real Estate Software Market Will Showcase Positive Impact During 2020-2024 | Growing Middle-class Population to Boost Market Growth

Technavio has been monitoring the global real estate software market size and it is poised to grow by USD 3,825.16 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005071/en/

Technavio has announced its latest market research report titled Global Real Estate Software Market 2020-2024 (Graphic: Business Wire).

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and

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Death of the HQ? Pandemic hits commercial real estate, but long-term trends still open to debate

A rendering of one of Amazon’s new buildings in Bellevue, Wash. (Vulcan Image)

“HQ’s are finished.”

That was the hot take this week from Chris Herd, founder and CEO of remote work setup startup Firstbase. After speaking with about 1,000 companies over the past six months, he estimates that many will be cutting their office space by as much as 40% to 60%. About 90% of workforces indicated that they “never want to be in an office again full-time,” he wrote.

The latest example of the trend is the news this morning that working from home will be a permanent part of the mix at Microsoft. Boosting access to talent, reducing costs, and quality of life were among the benefits of remote work cited by companies in Herd’s informal survey.

“Good thread on the future of work. I agree with him,” former Zillow Group CEO Spencer Rascoff chimed in

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Opendoor: A Play On The Future Of Real Estate Services (NYSE:IPOB)

Source: Opendoor Brand Assets

Opendoor recently became publicly traded through a merger with the SPAC, Social Capital Hedosophia Holdings II (NYSE: IPOB). In my opinion, IPOB, and Opendoor by extension, offers an excellent play on the disruption of the real estate industry. Opendoor has demonstrated product-market fit, improving unit economics, and a business model that can scale at a high growth rate.

The company’s sales grew ~150% yoy in 2019, and while the pandemic has led to a major contraction in home sales in the past quarter, the overall housing market appears to have mostly recovered to pre-pandemic activity as of August. Given the SPAC merger and other private funding, Opendoor has accumulated enough financial ammunition to continue tackling their proclaimed trillion-dollar market opportunity with some vigour. The company has the potential to become the dominant marketplace for house sales throughout the country and is worth an investment at the

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Waiting For The Return Of Foreign Real Estate Buyers

The coronavirus pandemic has dramatically affected the Cypriot real estate market. The sector has traditionally been highly dependent on foreign buyers, especially in recent years due to the impact of the ‘golden passports’ investment program.

As shown in the semi-annual report of Pandora Investments Public, sales during the pandemic amounted to approximately $41 million, compared to $62.4 million in 2019. Pandora is a part of Leptos Group, one of the largest land developers in Cyprus.

Similarly, the gross sales of Aristo Developers Ltd, declined by 69% between January-June 2020, compared to the same period in 2019. The decline was “primarily due to the worldwide travel restrictions imposed following the COVID-19 pandemic which made it impossible

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Office real estate market will get back to pre-Covid level, in 2025: Cushman & Wakefield

  • The coronavirus hit to office space will surpass the financial crisis, with a net loss of up to 95 million square feet of unoccupied real estate from Q2 2020 to Q3 2021, according to a new forecast from Cushman & Wakefield.
  • The steepest level of vacancies will occur in the U.S., Canada and European countries in the coming years at a net negative level of over 200 million square feet.
  • The number of permanent remote workers, and hybrid workers, will increase over time, but population and economic growth, as well as concentration in knowledge-based work, should lead to a full recovery in the next decade.

Office vacancies won’t return to pre-Covid level until 2025: Study

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UP NEXT

The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take

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Boeing Prepares Deeper Cuts From Executive Ranks to Real Estate

(Bloomberg) — Boeing Co. is thinning its corps of vice presidents and winnowing real estate holdings, including a splashy outpost near the Massachusetts Institute of Technology, as the planemaker works furiously to counter plunging aircraft sales and mounting costs for the grounded 737 Max.

About 170 midlevel executives, 70 of them based at Boeing’s commercial airplane division, are taking a buyout offer that includes a year’s salary, according to people familiar with the matter. The first of the vice presidents and senior managers to accept the terms will leave the company Oct. 2, followed by a second wave later in the year.



Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found


© Photographer: Stephen Brashear/Getty Images North America
Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found

Boeing 737 Max airplanes on employee parking lots near Boeing Field in Seattle, Washington in 2019.

Photographer: Stephen Brashear/Getty Images

The cuts go deeper and wider than

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Real estate tech company Porch adds five new directors to board ahead of public stock listing

Seattle-based Porch today named five directors that will join the company’s board when it goes public later this year.



a large brick building with a clock: Porch’s Seattle headquarters. (Porch Photo)


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Porch’s Seattle headquarters. (Porch Photo)

The real estate technology venture and home improvement marketplace announced plans in July to become publicly traded through a merger that values the Seattle company at $523 million. Porch will combine with PropTech Acquisition Corp., a special purpose acquisition company, or SPAC.

The board members will join on Porch’s first day of public trading. They include:

  • Javier Saade, founder and managing partner of Impact Master Holdings; venture partner at Fenway Summer Ventures; former associate administrator of the U.S. Small Business Administration.
  • Chris Terrill, former CEO of HomeAdvisor and Angie’s List; board member of Realogy Holdings Corp. and Infogroup.
  • Regi Vengalil, CFO of Egencia (Expedia’s corporate travel division); former global head of corporate development and strategy at Expedia Group. He will serve as
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