TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1418210
M R EP O RT | 7 MTECH Clear Capital Acquires PropTech Innovator CubiCasa THE FINNISH PROPTECH COMPANY IS KNOWN FOR ITS MOBILE TECHNOLOGY THAT AUTOMATES FLOOR PLAN SKETCH CREATION AND DIGITIZES PROPERTY DATA COLLECTION. C lear Capital, a national real estate valuation technology company, announced it has completed the acquisition of CubiCasa, a Finland- based proptech startup. Through this acquisition, Clear Capital will empower CubiCasa to expand its revolution- ary mobile technology that automates floor plan sketch creation and digitizes property data collection. CubiCasa will continue to operate with autonomy and service a wide variety of custom- ers and verticals. "As a key part of Clear Capital's mis- sion to modernize the appraisal process, we needed to find a way to make floor plan sketches more accurate and easier to create," said Duane Andrews, Clear Capital CEO. "We evaluated every op- tion available, and CubiCasa's technol- ogy far exceeded anything else in the marketplace. Then we met their leader- ship team, and were amazed at our people-first cultural alignment. This is just the beginning of a very fun journey together." "The CubiCasa team is incredibly excited to be joining forces with Clear Capital, which has been an excellent partner to us for more than a year now," said Harri Pesola, Founder and Executive Director of CubiCasa. "Clear Capital is the ideal partner to help us grow and revolutionize the way property data is collected now and in the future." CubiCasa's mobile capture technology can be used without prior training by anyone with a smartphone. From a sim- ple walk-through of a home, the technol- ogy produces a highly-precise floor plan sketch and calculates gross living area (GLA) aligned with American National Standards Institute (ANSI) standards. Square footage is the second-highest driver of a home's value (the first being location), and CubiCasa's technology helps minimize inconsistencies and varia- tions in the property data collection and inspection process. Companies can easily embed CubiCasa's scanning technology into their existing mobile applications through APIs and mobile SDKs. Anywhere. Anytime. MReport Digital Experts you trust. People you know. News you want. MReport is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MReport Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MReport believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Subscribe to MReport and MReport Digital now! Call 800.856.8060 or connect with us online at themreport.com to take advantage of our special introductory offer! digital.themreport.com powered by THEFIVESTARINSTITUTE Bringing Today's Lending Headlines into Focus, MReport Digital Puts Mortgage Banking News at Your Fingertips