Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements.
Thanks to GO Mortgage, a Fannie Mae direct servicer and Freddie Mac direct lender, people with an Amazon Alexa device can now figure out their mortgage payment with just the sound of their voice.
The new Alexa skill, launched by GO Mortgage, will calculate monthly mortgage payment rates for borrowers. It can also see how much a homeowner would save by refinancing, allowing borrowers to make more informed decisions
“Automating mortgage calculations for our consumers is part of our greater strategy to create transparency and help them find competitive loans,” said Chad Jampedro, president of GO Mortgage. “The mathematical procedures for mortgage calculations can be complex, but Alexa Skills breaks it down to the customer level, providing a reliable budgeting tool that gives consistent and accurate results.”
roOomy, a technology company that offers virtual staging services and 3D modeling and rendering for interior design, announced a partnership with Toll Brothers Apartment Living to create custom applications for Magic Leap’s spatial computing device.
The device, Magic Leap 1, is a wearable spatial computer that blends both the digital and physical worlds, allowing homeowners to envision their “dream home.” According to the company, the partnership is a result of Magic Leap’s Independent Creator Program, a grant-based initiative intended to give developers funding and support to create world-class experiences through the application.
“Visualization remains a critical challenge for home renters and buyers, but also presents a unique opportunity to tap into immersive technology that allows consumers to envision their dream home and experience what it could look like at its full potential,” said Pieter Aarts, CEO and co-founder of roOomy. “With Magic Leap 1, and our partnerships with both leading real estate and home furnishings players, we’re moving the industry forward and creating new possibilities along the way.”
Plymouth Rock Assurance, a home and auto insurance provider, recently launched a new digital product called @Home, which enables independent insurance agents and homeowners to receive digital home insurance quotes.
In order to “revolutionize” the traditional home insurance quoting and buying process, the product utilizes technical innovations to provide fast quotes for virtually every home address in the six states in which Plymouth Rock operates, according to the company.
“@Home™ by Plymouth Rock is changing the way consumers look at homeowners insurance. We are now able to provide customers with an accurate home insurance offer in seconds and issue a policy in minutes,” said Geoff Gordon of Gordon Atlantic Insurance in Massachusetts. “This way we can focus on real customer needs, not asking intrusive questions about their basement, roof or electrical system. We’re making our customers happier, saving time and growing our business.”