MFI-Miami Blog

Zillow Is Spying On You With New Algorithms To Check The Quality And Curbside Appeal Of Your Home Zillow is about to let everyone on the internet know about your home’s slightest flaws. The online real estate company will use it depreciate your home’s Zestimate. Zillow announced on  Thursday it has a new algorithm that uses photos to help decide the appeal and worth of your home. Stan Humphries, Zillow’s Chief Analytics Officer wrote in a Medium post: We’ve taught the Zestimate to discern quality by training convolutional neural networks with millions of photos of homes on Zillow, and asking them to learn the visual cues that signal a home feature’s quality,  For instance, if a kitchen has granite countertops, the Zestimate now knows — based on the granite counter top’s pixels in the home photo — that the home is likely going to sell for a little more. Read More At MFI-Miami

Zillow Is Now In The Mortgage Business With The Acquisition Of Mortgage Lenders Of America The real estate web company Zillow announced that it has completed its  acquisition of Mortgage Lenders of America . This marks the company’s first steps into the mortgage industry. The internet company got into the home selling business last year when it launched,  Zillow Instant Offers .  The program allows p rospective home sellers to receive offers for their home direct from investors. But the company soon  became an investor  itself. They started another company called Zillow Offers. The company is now directly buying houses from sellers in several major test markets. The company   announced   in August it was acquiring Mortgage Lenders of America. The acquisition with MLOA is complete. The internet company will be announcing next year that it plans to rebrand the mortgage company. Read more at MFI-Miami