Welcome!

@DXWorldExpo Authors: Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, Pat Romanski, Elizabeth White

Related Topics: @DXWorldExpo, Java IoT, Microservices Expo, Linux Containers, Open Source Cloud, Cloud Security

@DXWorldExpo: Blog Post

Real Estate Investors Slated to Get “Real Time Data”

Time For The Real Estate Business To Get Into The 21st Century

If you're a real estate investor, you know how important it is to have the latest figures and data at your fingertips. You probably have favorite websites and newsfeeds to keep up as much as possible, but what you really need is real data in real time. Enter S'moretgage, which was debuted at the TechCrunch Disrupt NY in early May 2014. It's all about getting data to real estate investors immediately, and reveres knowledge as the key player in making sound investment choices.

However, it's not just about having quick access to this kind of information. It's actually pretty challenging, as any investor knows, to even access some information like public mortgage data. S'moretgage is designed for both investment professionals and consumers, is exceptionally user-friendly, and if the preview version reflects the real deal, it might just change the real estate game entirely. Data available includes "individual mortgage-level detail on loans recorded in New York city" such as loan interest rates, the date it began, and other key points.

Making the most of big data

If S'moretgage takes off, there's no reason why it won't sweep the nation and even the world. While investors start depending on it to make solid Harlem investment choices, investors in Seattle, San Francisco, Houston and Miami may want to get in on this technology. However, the founders of the company are playing it safe, saying they want to make the most of New York data before moving to other big metros. According to Patrick Browne, the owner of the company, he got the idea when he personally had to track down real estate records which was a nightmare.

He recalls reams of documents that he was charged with finding, and then understanding, by hand. There had to be a simpler way to do this, and he was amazed that in an era of such great technology nobody had tackled this problem. By designing technology that scans real estate documents and slices out the important information, the data is organized into a "real-time overview of market transactions." It's big data for the real estate industry and lets anyone notice trends in lending, new areas, and just about anything else.

The money starts to roll in

Until the debut at TechCrunch, the company has largely been self-funded but that's about to change. Browne says he's starting to raise capital from the outside and it's expected to blossom by mid-2014. It's a sweet deal for a sweet company whose play on words "s'more" and "mortgage" had everyone in attendance taking notice. Browne says "mortgage" may have some poor connotations for people (such as burned investors) but "s'mortgage" conjures up images of campfires and is "a nice way to make that word sound a bit less intimidating."

Even better, some experts are taking the appeal of such a company as a sign that the market is getting ready to recover. The simple demand of such technology means that people are starting to get more interested in real estate. For Browne, it couldn't have come at a better time.

More Stories By Drew Hendricks

Drew Hendricks is a writer, as well as a tech, social media and environmental enthusiast, living in San Francisco. He is a contributing writer at Forbes, Technorati and The Huffington Post.

DXWorldEXPO Digital Transformation Stories
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...