Industry Briefs, June 7, 2024
(Image courtesy of Markus Winkler via Pexels.com)
ATTOM Adds New Building Footprint Data Product
ATTOM, Irvine, Calif., announced a new data product for its Table of Data Elements–building footprints.
It covers 187 million building outlines nationwide for all property types, and uses advanced proprietary AI algorithms to capture the shape and perimeter of structures.
Among other features, it geospatially matches ATTOM’s Building Footprint data with parcel boundaries, to ensure a detailed and precise mapping–information that can be used by various industries, including insurance, mortgage and home services.
ACES Quality Management Teams With Digilytics
ACES Quality Management, Denver, announced a new partnership with Digilytics, London.
The partnership will provide ACES users access to Revel, an advanced optical character recognition technology powered by artificial intelligence and machine learning. It helps streamline quality control reviews by automating document indexing and categorization.
Revel uses AI to index large loans and extract data, allowing for more efficient and accurate QC.
FHA Provides First-Time Homebuyers Webinar
The Federal Housing Administration’s Office of Single-Family Housing (along with the Department of Housing and Urban Development’s Office of Housing Counseling), released a pre-recorded webinar: Overview of Resources for First-Time Homebuyers.
It addresses some key home buying myths, provides an overview of FHA single-family mortgage programs and guidance on working with HUD-approved housing counseling agencies. It may also be useful for loan originators, real estate professionals, and other mortgage industry participants interested in learning about the home buying process and FHA programs, FHA said.
For more information, click here.
Republic Bank Taps Snapdocs for eClosing Adoption Acceleration
Republic Bank and Trust Co., Louisville, Ky., has partnered with Snapdocs, San Francisco, on eClosing adoption.
Republic Bank said its eClosing goal is increasing productivity and efficiency across its entire loan portfolio, including its HELOC business.
It will use the Snapdocs platform to scale hybrid closings and wet transactions before working on fully digitized closings.
