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NAR REACH Panel Slings 8 New Products at REALTORS®

The NAR Reach program is interesting. It establishes a gateway where companies who wish to express their products and services to the REALTOR® family pay fees and often equity to the National Association of REALTORS®. Access Avenue is a loan finder product that is primarily aimed at helping Realtors introduce loan products to the investor community. As I went through the presentation, the first place I got stuck was the statement “Competitive rates as low as 7.99%.” The product shops property loans to institutional investors rather than traditional mortgage banks. I think that the product would be superior if it [...]

By |2018-05-03T21:23:35-07:00September 29th, 2015|Main category|Comments Off on NAR REACH Panel Slings 8 New Products at REALTORS®

Partners Trust Joins The Enterprise Network

Recently, Partners Trust launched a new fully mobile responsive site designed to dynamically change for over 250 different screen sizes. Along with the “mobile first” web site, they launched new mobile apps for android and iOS. The design was done by 1000watt Consulting in collaboration with Partners Trust and the proprietary technology is provided by Booj.  Booj (Be Original or Jealous) is the platform that powers The Enterprise Network. Booj is an interesting technology provider because they deliver a very good and well-supported solution that is exclusive to a single brokerage in a market place. I got to meet the [...]

By |2018-05-03T21:23:35-07:00September 28th, 2015|Main category, Our Services, Press Releases|Comments Off on Partners Trust Joins The Enterprise Network

The Great Lakes Repository Expands Offers of Cooperation and Compensation Among 19 Participating Organizations Sharing Data

In the real estate industry, the collection and distribution of real estate listing data has been a hot issue for many years, and The Great Lakes Repository (GLR) has made tremendous headway toward solving those data issues. The GLR is comprised of a group of MLSs and REALTOR® Associations (participants) in Michigan that have agreed to share listing data with other participants using a repository method of sharing. Under this method of sharing data, all participants of the GLR run their own MLSs; enforce their own set of rules; manage their own membership; control their own MLS products, but cooperate [...]

By |2018-05-03T21:23:35-07:00September 21st, 2015|Main category, Press Releases|Comments Off on The Great Lakes Repository Expands Offers of Cooperation and Compensation Among 19 Participating Organizations Sharing Data

California Regional MLS Adds Black Knight’s Paragon Platform Allowing Brokers and Agents Front-End MLS System of Choice

JACKSONVILLE, Fla., Sept. 17, 2015 /PRNewswire/ -- Black Knight Financial Services (NYSE: BKFS) announced today the execution of an agreement with the California Regional MLS (CRMLS) to deliver its Paragon MLS system to CRMLS' more than 75,000 members. With the addition of Paragon MLS, CRMLS strengthens its position as a leader in the real estate industry and demonstrates its commitment to its professional members who rely on fast and easy access to MLS information. Offering intuitive and straightforward navigation, cross-browser compatibility and multi-tasking capabilities – all of which are mobile-optimized, Paragon MLS will enable CRMLS subscribers to increase productivity and grow [...]

By |2018-05-03T21:23:35-07:00September 21st, 2015|Main category, Press Releases|Comments Off on California Regional MLS Adds Black Knight’s Paragon Platform Allowing Brokers and Agents Front-End MLS System of Choice

REcolorado Joins Homes.com’s® MLS Partnership Program

Norfolk, Virginia (September 16, 2015) – Homes.com®, leading online real estate destination and provider of real estate marketing solutions, has announced the addition of REcolorado to its MLS Partnership Program. The new partnership will offer REcolorado’s 18,000 real estate professionals free exposure for their 9,500 active listings by gaining access to Homes.com’s audience of more than 13 million monthly transaction-ready consumers. REcolorado brokers can now offer their agents direct access to syndicate their listings on Homes.com, ensuring those listings are advertised accurately and updated regularly. Consumers visiting Homes.com will benefit from the improved quantity and quality of available listings in Colorado, [...]

By |2018-05-03T21:23:35-07:00September 17th, 2015|Main category, Press Releases|Comments Off on REcolorado Joins Homes.com’s® MLS Partnership Program

Gurtej Sodhi Named Winner of the 2015 Chief Information Officer Award by Nashville Business Journal

Nashville, TN. – Crye-Leike Group of Companies congratulates Gurtej Sodhi on receiving the 2015 Chief Information Officer Award in Large Private Companies (501+ employees) category by the Nashville Business Journal. For Sodhi, who serves as Chief Information and Strategy Officer, Corporate Executive Vice President, this is his second consecutive year to win the award. The NBJ CIO Awards winners are the top technological executives in Middle Tennessee who are using IT in innovative ways to create a competitive advantage, optimize business procedures, enable company growth and impact the company's bottom line. Winners were selected by a panel of judges based [...]

By |2018-05-03T21:23:36-07:00September 4th, 2015|Main category, Press Releases|1 Comment

Earnest Money Spoils The Online Transaction

The Inman Connect conference does not often have many brand new ideas. But if you look hard enough, they are there.  A year or so ago I met a company that was focused on transforming home prices to Total Cost Of Living prices (TLC Engine). This year, I met Lynn Leegard who co-founded a company called TrustFunds, with the tag line of Earnest Money Made Easy. Coincidentally, both TLC Engine and TrustFunds are both services offered through NorthstarMLS, based in Minneapolis, MN. Northstar CEO John Mosey seems to have a knack for launching very unique services that solve significant problems [...]

By |2018-05-03T21:23:36-07:00August 26th, 2015|Main category|1 Comment

Rapattoni Makes Big Move in Association Management Software

Rapattoni has been the leader in Association Management Software (AMS) for decades. Historically an Association would host the Rapattoni solution, called Magic™, on hardware owned and maintained by the Association of REALTORS®. Associations did a pretty decent job of hosting, but managing hardware servers and security has become increasingly complex and expensive. Dallas based MetroTex Association of REALTORS® with 15,000 members was among the first group of five Associations to move to the new hosted solution. The new service maintains the name Rapattoni Magic, but adds the tag, Cloud AMS. Press Release Follows SIMI VALLEY, Calif., August 19, 2015 - [...]

By |2018-05-03T21:23:36-07:00August 19th, 2015|Main category, Press Releases|Comments Off on Rapattoni Makes Big Move in Association Management Software

DotLoop and Zillow

As far as I know, DotLoop customers were happy enough with the product and service until the announcement that the company was being purchased by Zillow. That news, along with the $108M price tag of the acquisition was the fundamental buzz at Inman Connect conference last week. About the price of $108 Million. Typically companies’ sell for a multiple of profit – 6x to 10x profit is not bad. The last acquisition of this type was the Real Estate Digital deal, which sold for a much lower multiple than DotLoop. In the case of DotLoop, it looks like Zillow paid [...]

Broker Members of The Enterprise Network Hit Mobile Milestone

We have been talking about mobile in real estate for far too long now. Two years ago Trulia, Zillow, and Realtor.com all announced that mobile was passing other methods of accessing their site. As brokers began to adopt mobile solutions, the debate about mobile browser vs. mobile app went on for an eternity until everyone put down their guns and agreed that the answer is both. One of the broker website service providers that we have been tracking is Booj or The Enterprise Network. They offer a good benchmark because of their unique client base. If you are not familiar, [...]

By |2018-05-03T21:23:37-07:00August 19th, 2015|Broker Technology Research, Main category|Comments Off on Broker Members of The Enterprise Network Hit Mobile Milestone

1000watt nails large broker IDX strategy

1000Watt Consulting wrote a post this week that is a must read. View it here - http://1000watt.net/2015/08/friday-flash-the-broken-down-lead-machine/# Brian Boero's point is clear: "If you are a large firm with more than 10% market share - ditch IDX." Reasons to Act This Way compromised presentation of properties raft of local competitors drafting on your listings paper brokers leverage your data with impunity relatively small number of leads that agents will probably drop the ball on. I am not going to recant the entire article. Please go and read it. But I do want to reinforce one point and add another. Reinforcement - [...]

By |2018-05-03T21:23:37-07:00August 14th, 2015|Broker Technology Research, Main category, Strategic Planning|Comments Off on 1000watt nails large broker IDX strategy

IRES MLS and CREN MLS Partner For Public Listing Display on ColoProperty.com®

  Information and Real Estate Services, LLC (IRES Multiple Listing Service) is pleased to announce they are the new public listing display provider for the CREN MLS (Colorado Real Estate Network). Effective immediately, this new partnership merges the listing information from two of Colorado’s largest MLS’s onto one public site: ColoProperty.com®. “We are thrilled to assist brokers, buyers and sellers by displaying southwestern Colorado listings on our very popular public listing site, ColoProperty.com®”, said Lauren Hansen, IRES CEO. “As the number one lead generator for Northern Colorado listings, we will aim for similar success with the newly added Southwest Colorado [...]

By |2018-05-03T21:23:37-07:00August 13th, 2015|Main category, Press Releases|1 Comment