The real estate industry has undergone many changes compared to several decades ago. Besides modern architecture, other technologies have also played an important role in these changes.
Digital technologies have become highly sought after by real estate agents and clients. Many useful services can be offered by smartphone apps and online platforms facilitating the process of finding and exchanging buildings.
Fintech, also known as financial technology, is one of the latest trends among SaaS products, and the real estate industry is benefiting as well.
Fintech applications will help users and businesses to have much easier financial procedures including online payments, loans, price tracking, personal finance, insurance, etc.
Whether you have a real estate business or are someone looking for a condo in your city, you can use these tools easily.
In this article, we’ve tried to provide you with some examples of real estate fintech brands to help you with that.
Zillow would be the best website in the US or maybe the world, focusing on the real estate industry.
It has over 173 million monthly visitors who will have access to over 110 million homes for buy, sell and rent.
In recent years, the business has shifted from selling advertising and other services to real estate professionals to buying and selling homes for itself.
The platform can simplify the home buying process and reduce transaction times. It can also help users reduce costs when searching and transacting in the real estate industry.
Fiserv (FISV) is another renowned fintech brand in the real estate industry. It facilitates millions of transactions between financial institutions, real estate companies, investors and customers.
In the real estate sector, Fiserv provides solutions to banks, credit unions, but also mortgage originators. This helps them to provide their services such as loans faster.
Additionally, it provides users with property management features that speed up and automate payment processing.
Fiserv has been a long-standing member of financial service providers, even before the word “fintech” was introduced to the world.
SSNC is a provider of financial services software primarily for the healthcare industries, but it is also useful for the real estate industry.
The features of the company make loan processing easier and also help you in managing credit risk. In addition, it offers software services for managers of commercial, residential, timeshare and resort properties.
The company was originally founded in North America in 1986, but is now available in Europe, Asia, and Australia.
Every day, many people apply for credit cards, car loans, installment loans or mortgages. They should be familiar with the name Fair Isaac Corporation (FICO), also known as FICO.
It is a data analytics company focused on credit scoring services and hence FICO is actually synonymous with credit scoring in the world.
It helps companies in over 90 countries make better decisions to generate higher levels of growth.
Redfin is one of the best real estate brokerage firms in the world. It has an application to simplify the process of buying and selling real estate in the United States.
This app is best for home buyers as it offers a combined means of customer support using both smart technologies and human agents. In this way, users will not face any problem in the real estate negotiation process.
Accurate estimation of house values is one of the most useful features this app gives you. These estimates are based on listings of real estate agents and are therefore reliable.
Plus, it lets you customize and calculate mortgages, property taxes, and insurance rates.
Another example of fintech brands in the real estate industry is the resale of condo disposals. Condoly, for example, is a leading company in Canada that helps condo buyers / sellers negotiate condo transfers in the country.
Using this platform, you can easily buy / sell condo projects before construction and invest in this industry. Another feature of Condoly is the estimation of condo market prices which helps you better decide when it comes to buying a condo assignment.
Here are some other benefits of using Condoly:
- Competitive cash offer within 24 hours
- No list, prep work or presentation
- Skip repair work and deduct costs
- Choose a closing date of 10 to 60 days
Fintech platforms can greatly simplify transactions in the real estate industry. If you are a business owner, you have no choice but to include these tools in your business if you want to survive. If you are someone looking to buy a new home and sell the old one, you had better get custom fintech to make the process easier.