Tech Pulse: Compass touts AI platform, Prudent AI launches non-QM tool

Welcome to Tech Pulse, a weekly series bringing you the latest updates in technology that impact the mortgage and real estate sectors. Here’s a recap of this week’s highlights:

Compass CEO Robert Reffkin highlights the upcoming launch of an AI platform that will assist agents with automating tasks, identifying opportunities, and providing real-time support through voice or text. Features include instant tour creation, comparative market analysis drafting, calendar integration, and proactive client engagement.

Blue Sage Solutions now allows lenders to consider rent payments in mortgage decisions through Freddie Mac’s updated credit tool, aiming to expand homeownership opportunities for renters with limited credit history.

The FHA is implementing multifactor authentication on its Catalyst platform to enhance security, reduce credential sharing, and safeguard sensitive data from cyber threats. Users must adopt the new authentication method by July 28 to maintain access.

Prudent AI introduces a non-QM underwriting tool that offers early insights into loan viability by applying investor-specific guidelines at submission, streamlining operations, reducing exceptions, and supporting borrowers with nontraditional income or credit profiles.

Zillow and Homes.com are taking different approaches in the digital real estate space, with Zillow routing leads to Premier Agents and Homes.com directing them to listing agents. Industry experts note the contrasting strategies reflect differing views on agent control, consumer experience, and listing marketing.

Clear Capital integrates its appraisal review platform, ClearCollateral Review, with ICE Mortgage Technology’s Encompass Partner Connect to provide lenders with direct access to review tools within their loan origination systems, enhancing workflows, reducing risk, and scaling operations.

Newrez appoints Brian Woodring as chief information officer, bringing in the former Rocket Mortgage executive to oversee technology strategy, including AI, digital products, and IT infrastructure. This move aligns with Newrez’s focus on platform growth and enhancements to loan origination and servicing.

Goby Homes launches a property transaction platform to enhance transparency and reduce cybersecurity risks in real estate transactions. Founder Terrence Nickelson receives recognition as NAR’s iOi Innovator of the Year for his tech-driven approach to improving communication and reducing deal fallout.

Partner Real Estate introduces the Instant Offers Exchange platform, allowing sellers to receive multiple cash offers within minutes without obligation. The platform aims to empower agents, enhance client flexibility, streamline sales processes, and offer more options without showings, staging, or upfront fees.