FOREWARN provides real estate agents an instant view of potential
clients for identity verification and insights to foster safe interactions
BOCA RATON, Fla.–(BUSINESS WIRE)–Oct. 18, 2017– FOREWARN™, a real-time information solution for real estate agents has launched today, taking the guesswork out of interactions with potential clients.
Powered by cogint (NASDAQ: COGT), FOREWARN capitalizes on cogint’s enduring track record providing information and risk management solutions, massive data repository, and proprietary algorithms to efficiently provide real estate agents with the ability to instantaneously glean insights on potential clients ahead of on-site property showings.
Real estate agent safety is a perpetual and growing concern in an increasingly digital world where agents are posting a majority of their listings on public websites. Digital marketing of real estate generates unverified buyers, which poses safety risks for real estate professionals meeting at unsecure locations for the first time. Using FOREWARN, agents are able to identify an overwhelming majority of consumers in seconds, using just a phone number or name.
The solution, available both online and through a mobile application, analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients such as financial and asset information.
“After several years at Zillow, I joined FOREWARN because I saw a tremendous opportunity to deliver an innovative solution that addresses a serious and growing threat within the real estate industry,” said Joshua Tilleson, VP Business Development at FOREWARN. “Real estate agents have the right to know who they are doing business with and, in my view, this is an essential solution for not only individual agents but also for agencies and brokers to ensure the safety of their team.”
FOREWARN offers unlimited use of its solution to agencies and individual agents based on a monthly subscription of as little as $4.00 per month, per agent, for large agencies.
At FOREWARN, we bring knowledge to the real estate industry through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable real estate professionals to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information provided by potential clients such as financial and asset information. Risk assessment and due diligence at your fingertips™.
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will be able to identify an overwhelming majority of consumers in seconds, using just a phone number or name and whether FOREWARN will be an essential solution for not only individual agents but also for agencies and brokers to ensure the safety of their team. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in cogint’s Annual Report on Form 10-K, as may be supplemented or amended by cogint’s Quarterly Reports on Form 10-Q and other SEC filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
North 6th Agency, Inc. (For FOREWARN)
Danielle Montana, 212-334-9753 ext. 143