Real estate agents have to interact with perfect strangers on a regular basis. Agents walk into transactions without any understanding of who these clients are and the inability to have any real knowledge. That's why Forewarn will use big data to bring more knowledge and understanding to the field. Forewarn is powered by big data company Cogint. Derek Dubner is the CEO of cognit and he joins Cheddar to explain why the real estate industry was so in need of access to big data and increased information. Dubner says the max an agent would pay for the app and service is $19.99. Forewarn is working with large agencies on package deals to bring the cost down into the single digits.

Share:
More In Business
Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Load More