Hubzu, an online real estate marketing platform, announced the launch of new mobile technology features including a mobile app and SMS notifications. These features allow Hubzu users to further engage and interact during the search and online auction phases by receiving real-time notifications regarding auction outbids, auction end times, foreclosure auction alerts, auction bid prices, and new properties.
Bids can now be placed directly through the mobile app and via SMS, a feature—providing users the flexibility they need to remain connected during an active auction.
The Hubzu marketplace features more than 3,500 active properties available for sale, and the new mobile offerings provide additional options for Hubzu users to search, learn, bid and buy through the tools that they are most comfortable using. Hubzu’s data shows that more than 50 percent of users who visit the website are doing so via a mobile device. Through mobile app push notifications and real-time SMS notifications, users can stay in the know about relevant property auctions and the latest bids.
“Hubzu is dedicated to investing in the right technology to help bring bidders and sellers together in real time,” said Patrick G. McClain, SVP, Marketplace Product for Altisource. “We have created a way for users to stay up to speed on the inventory of properties marketed on Hubzu and not feel as though they are tied to the website in order to make a bid. Convenience is key, and with the new mobile app and SMS feature, our users have the flexibility to participate in online auctions marketed on Hubzu in the manner in which works best for them.”
Huzbu also celebrated 10 years of innovation in the real estate industry. Hubzu has established itself as one of the nation’s largest online residential real estate auction marketing platforms, providing buyers, sellers, and realtors with innovative technology and strong customer support. Since its inception in 2009, Altisource has facilitated the sale of over 248,000 properties with the vast majority sold via the Hubzu marketing platform.
The marketing investment is complemented by a focus on customer feedback, data, and analytics to streamline the purchase and sales process for buyers and sellers and their brokers. With Hubzu, prospective buyers have the opportunity to bid on an average of over 3,500 properties marketed for sale across the U.S. and Puerto Rico. Hubzu’s reputation for transparency, accessibility and convenience has attracted close to 1.7 million prospective buyers and real estate agents—with approximately 4.5 million bids placed on the platform since 2009.
“We are proud of Hubzu’s success and momentum over the last 10 years,” said Patrick G. McClain, SVP, Marketplace Product for Altisource. “This tremendous achievement would not be possible without the dedication from our employees and loyalty of our customers. The Hubzu team remains committed to constant innovation and driving the product enhancements required to provide best in class transparency and efficiency for homebuyers and sellers. I am extremely proud of the team and looking forward to another decade of innovation.”