Industry Briefs, Jan. 29, 2025
(Image courtesy of Markus Winkler via pexels.com)
Auction.com Launches SmartSale to Help Distressed Customers Sell Their Properties, Avoid Foreclosure
Auction.com, Irvine, Calif., launched SmartSale, powered by Auction.com, a new way for distressed customers to sell their properties directly on the Auction.com platform.
SmartSale offers multiple pathways to sell—including auction and direct offers—allowing distressed customers to choose the option that best fits their needs. Through a transparent and flexible selling process, SmartSale connects sellers with one of the industry’s largest networks of qualified buyers.
SmartSale also provides vital alternatives for distressed customers to avoid foreclosure, protect hard-earned equity, and transact with dignity. Distressed customers have had access to sell in our marketplace since March 2024, with the full experience, including the capability to negotiate offers, launching in early 2025.
Sellers can choose to list their properties for auction with competitive bidding and real-time updates or accept direct offers with contingencies, financing terms, and proof-of-funds requirements; this provides a tailored selling experience that fits their needs.
Distressed customers maintain complete control over sale terms, timing, and move-out dates, with no upfront fees. Real-time transaction tracking and secure data management ensure they remain informed at every step.
SmartSale connects sellers with one of the industry’s largest networks of qualified buyers, delivering competitive offers tailored to their unique circumstances.
Click here for more information.
Arrive Home Teams With FormFree
Arrive Home, Sandy, Utah, announced it has partnered with FormFree, Athens, Ga., to offer lender partners an alternative method to measure a borrower’s credit risk and ability to pay.
The firms say this will help expand homeownership opportunities for borrowers with limited credit history.
Arrive Home’s lender partners will have access to Financial Identity Reports generated by FormFree that rely on Residual Income Knowledge Index–an intelligent system that assesses borrowers’ ability to pay based on monthly income and spending. When paired with traditional credit scores, it can help provide a more complete understanding of borrowers’ creditworthiness.
Click here for more information
Maxwell Releases eBook About Choosing a Mortgage POS
Maxwell, Denver, released a new eBook, “Tailored to Your Needs: How to Choose the Right Mortgage POS” with insights you need to make an informed decision about point-of-sale solutions.
“Too often, lenders settle for out-of-the-box solutions that fail to adapt to their unique workflows—resulting in inefficiencies, wasted resources, and team frustration,” Maxwell said in a press release.
Maxwell’s eBook discusses:
-What separates high-performing POS platforms from the rest
-Key features to prioritize for operational and borrower success
-Considerations to ensure solutions integrate seamlessly with your business
Click here for more information.
