A look at some innovative new real estate technology

From January 16 through January 18, industry website Inman News presented its annual event, Real Estate Connect, in New York City. According to its website, the purpose of the event is for thousands of professionals to network and explore new trends and innovations in technology and real estate.

“Connect is about the future: the opportunities, the threats and what to expect down the road and around the corner,”said Inman News publisher Brad Inman. “Connect NYC will be inspired, controversial and fun.”

Part of the event consisted of nine real estate startups taking the stage to pitch their ideas. Here are a few of those companies:

Block Avenue – When people are looking to buy a new home, they often wonder what the culture is like in the surrounding area. That includes finding out about local restaurants, coffee shops, transportation options and more. This location-based platform helps real estate professionals and their clients determine what it’s like to live in a specific area.

Contactually – This online relationship management system gives real estate professionals a place to connect and manage their email, social networks and phone contacts all in one place. According to co-founder and chief operating officer Tony Cappaert, the purpose of the service is to help people stay in touch with the people who matter to them professionally.

HomeLight – This referral-based website, founded in 2012 and backed by Google Ventures, aims to help potential homebuyers and sellers identify the best real estate professionals based on transaction performance data.

Although the housing industry continues to evolve with these new technologies, one thing that remains constant is that, in most cases, people need to take out mortgages in order to purchase a home. With that in mind, lenders should invest in loan management software to ensure that borrowers can stay on top of their monthly payments.