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DS News September 2018

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104 NORTH CAROLINA CoreLogic Partners With Elm Street Technology for Broker Platform Global property information and analytics- provider CoreLogic announced a new agree- ment with North Carolina-based Elm Street Technology, LLC, to offer the Elevate Broker Operating System and Services (BOSS) platform to real estate brokers. Elevate is an end-to-end solution that includes premium websites, lead generation and management services, CRM, mobile web solutions, social media management, blogging and client reten- tion tools. Under the agreement, CoreLogic will serve as an authorized reseller, offering Elevate through the Clareity DASH! platform to current broker clients. "We look forward to working with Elm Street Technology," said Chris Bennett, Executive Leader of Real Estate Solutions for CoreLogic. "Both our companies are laser- focused on innovating solutions that minimize complexity for brokers and their agents. With our Clareity dashboard and Trestle listing distribution solutions, we're already unifying and streamlining a host of common broker tasks. With Elevate, we broaden our offering to brokers even further. is new relationship reflects our commitment to offering innovative solutions that improve efficiency while increas- ing user adoption." "CoreLogic is a natural fit for us," said Prem Luthra, President and CEO of Elm Street Technology. "CoreLogic has a strong presence in the broker space and a depth of unique property information that makes bro- kers and agents more insightful. Together, we share a vision for a unified end-to-end broker and agent marketing solution that dramati- cally simplifies the technology and services real estate professionals utilize to operate their businesses." CoreLogic's combined data from public, contributory, and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, con- sumer credit, tenancy, location, hazard risk and related performance information. Elm Street Technology offers a portfolio of real estate technology and marketing services that provides one vendor, one point of contact, one solution fully fused into one platform to deliver a single source for new leads, client relation- Beyond the programs aimed at housing are a handful aimed at helping communities overall. e Local Infrastructure ($413 million) program supports infrastructure repairs and enhancements for local communities as part of a comprehensive long-term recovery program along with FEMA funding. e Economic Revitalization ($100 mil- lion) program offers interim assistance up to $250,000 to small businesses in exchange for job creation or retention. Also, $137 million is allocated to planning studies on disaster mitigation in the impacted areas to promote sound long-term recovery. ship management, and client retention tools for agents, teams, and brokerages. TEXAS Texas' $5 Billion Disaster Recovery Plan Department of Housing and Urban De- velopment Secretary Dr. Ben Carson in June announced his approval of a $5 billion disaster recovery plan designed to help Texas continue its recovery operations after the impact of last year's Hurricane Harvey. HUD Deputy Secretary Pamela Hughes Patenaude initially announced a $5 billion allocation of HUD fees to Texas in November 2017, funded through HUD's Community Development Block Grant—Disaster Recovery (CDBG-DR) Program. "e Trump Administration is commit- ted to helping Texans impacted by Harvey to rebuild their homes and their lives," Secretary Carson said. "As the State now turns to the long-term recovery of its communities, Texans can be sure HUD will be there to help in any way we can to make the state whole again." e November allocation of funds required Texas to "develop a thoughtful recovery pro- gram informed by local residents," according to a HUD press release in June. Per HUD's statement, the approved disaster recovery plan includes numerous programs. e Single-Family Homeowner Assistance Program ($1.1 billion) will provide assistance to help homeowners with rehabilitation and re- construction after Hurricane Harvey. A Buy- outs and Acquisitions ($275 million) program will allow certain eligible homeowners to sell their damaged home to a local government, while an Affordable Rental ($250 million) program will provide funding for rehabilita- tion, reconstruction, and new construction of affordable multifamily rent properties. rough the Homeowner Reimbursement ($100 million) program, homeowners may be reimbursed up to $50,000 for certain out-of- pocket expenses incurred for home repairs, including reconstruction, rehabilitation, or mitigation. For immediate needs, the Partial Repair and Essential Power for Sheltering ($73 mil- lion) program provides immediate, temporary repairs to homes that sustained less than $17,000 in FEMA-verified loss. e CDBG- DR will be used as matching funds to FEMA expenditures. was the delinquency rate in Texas in Q2 2018. Source: August 2018 report by the Mortgage Bankers Association STAT INSIGHT 5.36%

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