MANHASSET HILLS, N.Y., Sep. 2, 2019 – PropMix.io, a real estate data and insights company, introduced a brand new way to interact with data using its Data-in-a-Box offering. Data-in-a-box is a cloud facility that provides easy and immediate access to very large amounts of property data to power various analytics and deep learning platforms in the real estate industry. Using this data-as-a-service will especially help lenders and appraises or any other real estate technology provider to reduce their internal data operations and leverage the economies of scale that PropMix is bringing to the industry.
PropMix has been diligently assembling the dream database for the real estate industry over the past several years and curating it with its artificial intelligence techniques. Their data quality improvement techniques include many patent pending capabilities to extract information from natural language and from real estate photos. The data lake now includes data on over 151 million properties, tax and assessment records, deed and mortgage records, foreclosures, and a lot more.
Many large companies in the mortgage and appraisal management market have their proprietary analytical and machine learning models that need access large amounts of data. These companies may already have a model that is proven in a local market with limited data and are ready to scale it up for use across the country. With Data-in-a-Box PropMix is enabling the growth strategies of such companies by offering cloud access to its proprietary data set. “Our customers can now focus on building value on top of the data instead of spending their time and money on gathering and standardizing data”, said Daniel Mancino, Vice President of Data Solutions and Sales at PropMix.
The real estate industry is undergoing a transformation with billions of dollars invested in PropTech each year. “With Data-in-a-Box offering, our goal is to accelerate innovation in the real estate industry by creating an environment where a company of any size can focus on creating their best machine learning and analytical models with seamless access to nationwide curated data”, said Umesh Harigopal, CEO of PropMix.io. “We are excited to invite all industry participants to leverage our high quality data to accelerate the ongoing transformation of the industry driven by AI and Blockchain.”
About PropMix.io
PropMix.io LLC, an Innovation Incubator Inc portfolio company, offers a ground-breaking Real Estate Smart App Development Platform that enables the Real Estate ecosystem to easily consume and monetize data and insights and build Smart Solutions. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards for global scale, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. Headquartered in New York, we also have presence in Boston MA, Leesburg VA, Freehold NJ in USA and Trivandrum, Kerala in India.
Media Contact: Sakeer Hassan, PropMix.io, 7329799507, sakeer@innovationincubator.com
