Clever Real Estate has acquired Gravy Technologies, a startup that promotes homebuying and financial literacy.
Launched in 2021, Gravy created the first loyalty rewards platform for first-time homebuyers moving towards financial freedom. The mobile app gives users access to an FDIC-insured high-yield down payment account, a mortgage credit score hub, and homebuying coaches.
“The Gravy app is designed to be both the first step toward homeownership and each step thereafter. Save for a down payment, build your mortgage credit score, learn about the process, and ultimately find and finance your new house – all in one place,” Gravy co-founder and CEO Jeff Dinter told Forbes last year.
Gravy has since helped 30,000 people prepare for homeownership and earn $20 million…
Clever Pro and HomeScout have teamed up, the companies announced in a press release.
HomeScout, a lender-focused platform dedicated to enhancing production and reducing loan costs in the mortgage industry, will provide enhanced resources and support throughout their home-buying and selling journeys.
Its suite of services includes branded property search sites, automated home value and neighborhood reports, a real estate search and financial fitness app, and lead generation tools.
Through the new partnership, HomeScout’s clients will connect with Clever’s 19,000 agents across the U.S., including Clever’s agent matching services and dedicated concierge support team.
“By joining forces with HomeScout, we’re not only taking a significant step toward revolutionizing the mortgage industry, but we’re also paving the way for improved client…
Clever Real Estate announced a suite of integrated products for lenders to protect their purchase pipeline, increase conversations, and close more loans.
Clever Pro is an all-in-one solution for mortgage lenders composed of five products. Each one helps lenders to drive higher profits and maximize performance, according to company leaders.
Tony Cahal, SVP of Clever Pro, said their team has built something groundbreaking.
“Clever Pro solves so many longstanding problems for lenders that hinder profitability and growth. We’re giving them trusted partners in every market nationwide, plus technology to manage the entire buyer journey, all within a single unified ecosystem,” Cahal said in a statement.
Pro Convert is geared towards boosting conversion rates by matching borrowers with Realtors who then…
Millions of Americans who bought new homes during the pandemic have enjoyed them and the benefits of historically low interest rates. But for those who missed out, the homebuying process has become a drag.
A new survey from Clever Real Estate found more than half of Americans who recently bought a home feel that they overpaid for their home and have struggled financially since.
One thousand Americans who purchased a home in 2022 or 2023 were surveyed on April 12 and 13, 2023. Respondents answered up to 21 questions regarding their recent home purchase, previous home sales, and views on buying and selling homes.
Almost half of respondents exceeded their budget and 58% believe they overpaid. Considering that, it’s no…
The choice between renting and buying isn’t obvious in some American cities.
While most cities have clear-cut price advantages to either, some are in a sticky in-between where the benefits of renting or buying may come down to personal circumstances, according to a new study from Home Bay.
Home Bay analyzed the 50 most-populous metros based on their price-to-rent ratios. A ratio of 15 or lower means it’s better to buy, while 21 or higher means it’s better to rent. The national average is 18.
Pittsburgh, PA; New Orleans, LA; Chicago, IL; and Cleveland, OH, are the most affordable cities to buy a home in compared to their average rents, all with a ratio of 12.
For example, residents can…
