RATEPLUG FAQ’S FOR IRES MLS Subscribers

RatePlug is a FREE tool for brokers that is integrated with IRESis and displays real-time, property-specific mortgage payment and product information from your lending partners directly to your clients through MySite and emailed “1 Per Page” and “1 Page Photos” property reports.

The #1 MLS integrated technology platform, RatePlug connects agents, home buyers, and loan originators. When agents connect with lenders to participate in RatePlug, the result is the 4 bedroom 2.5 bath home isn’t only $225,000. It’s $1,375.87 per month including principal, interest, taxes, and HOA.

RatePlug also displays special financing prequalification in the agent dash board for all properties listed within IRES MLS. Subscribers now can easily identify which properties qualify for FHA, VA, and USDA, programs. RatePlug also generates property flyers for any property listed within the MLS.

1) How do I sign up?

You can activate at https://www.rateplug.com/agent_signup1.asp?Name=IRESMLS

2) How many Loan Officers can be displayed on property listings?

Up to 3 originators rates and products can be displayed on an individual listing.

3) Is there a cost to a Loan Officer to be part of the program?

Yes, RatePlug plans start as low as $39 per month. Ask your Loan Officer to visit our plans and pricing page or contact a RatePlug specialist to learn more.

4) What if the Loan Officer I refer does not enroll in the program?

You will be notified via email. We then will suggest you invite additional lenders you know to participate.

5) Does RatePlug display information of Loan Officers that I do not select?

No. Only you determine which lending partners are displayed to your clients.

6) Does RatePlug only display on my inventory?

RatePlug will display on any listing when you email it or post it to MySite whether or not you are the listing agent.

7) Will the “Activate Live Rates” link show to my clients if I don’t want to sign up?

No.  This link only appears within IRESis until you enroll with RatePlug.

8) Do you have a step-by-step demo on how to access RatePlug in the MLS?

Yes, Click on the following link to view a demo on how to access RatePlug. IRESMLS / RatePlug Reference Guide


JP Pleitner; Product Manager, IRES, LLC.

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Search by Street Name on Mobile & Make the Most of Contacts

Search by Street Name now on Mobile!

We’ve added search by Street Name to Mobile!  All you need to do is start typing the street name in the quick search bar and the available options will appear for you to select.  You can also use this feature for House Number (followed by a [space]), City Name, Zip Code or MLS Number.

 

 

 

 

 

 

New Fields come to Contacts

The next time you add or edit a contact, you’ll find some new fields added to the form.   Add birthdays, anniversaries, nicknames, website and now MOBILE PHONE. You can also add a work address, too!  Work information has been broken out into its own section, and MySite and Group now appears above additional Signers.

Don’t forget that you can always find information in HELP for assistance with any of the IRESis features and functions.  Please keep your ideas coming!  We’re here for you!

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IRES – REcolorado Merger Update



Merger talks between IRES and REcolorado were ongoing throughout the end of last year and are in full swing, as we kick off 2018.

As reported previously, discussions are focused on the details of the Binding Agreement to Merge, which was signed by IRES and REcolorado last year. In addition, merger documents are being reviewed by attorneys representing all parties.

What are next steps? The IRES owners and REcolorado shareholders are meeting on January 29 to review merger documents and discuss any outstanding issues. Once all documents are finalized, they will be provided to the boards of each organization, and then the IRES owners and REcolorado shareholders for final approval.

Upon receiving shareholder & owner approval, a closing date will be announced. A thoughtful and collaborative approach to integrating the two MLS organizations will begin once the deal is closed.

IRES and REcolorado have heard from many of you asking, “What is taking so long?” We want to thank you for your ongoing interest and patience, as volunteers and MLS staff work through important details. Although the timeline has stretched, we are making progress toward creating a single MLS that will serve Denver Metro Area and northern Colorado, just as you have asked.

We will continue to keep you informed as new information is available.

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IRESis Retrospective

Niki Kozak

Niki Kozak
Former Product Manager

After 17 years at IRES, it is time for me to say so long, farewell, auf Wiedersehen, goodbye!  In 2018, instead of being your IRES Product Manager, I will be cruising off into the sunset on our 42 foot Nordic Tug boat. Our plan is to travel up the East Coast and into the Great Lakes. From there, destination unknown.

I’ve known some of you for a long time. I was hired as a contract employee in 2001 to create the online Help for a brand new MLS system: IRESis.com. We converted to IRESis that year with sluggish dial up connections and a buggy IE 6. But IRES CEO Lauren Hansen had a vision for what IRESis could be, so we pushed through the pain.

In 2002 we added a new Showings system. Many of you still use it today and over the  years we’ve added SentriLock integration, a Message Center, customized Feedback questions, and online showing requests.

The IRESis Contracts was added back in 2003 and still has a huge adoption rate today. Since then we’ve added templates, office clauses, Dates & Deadlines exports, and deep DocuSign integration.

In response to broker needs, CCM (Colorado Cooperative MLS) was forged in 2003 so we could share listings with then Metrolist (now REcolorado) and Pikes Peak MLS’s. Here at IRES we worked very hard to fully integrate their listing information into IRESis to make your life easier. And, of course, we are working toward new opportunities in that area now.

Over the years we implemented more features that I can name, such as Biz Opps, Open Houses, Carts, MySite Site Activity Reports, 1004MC, Instant prospect searches, Mobile sites, plus screen design updates and branding. We also integrated many outside products like CloudCMA, ListTrac, CSS, New Home Source, eProperty Watch, and CTMe Contracts. And we expanded ColoProperty.com™ to include listings throughout the state from CREN, Grand Junction and Vail MLS’s.

We had a good time!

As I take my leave, let me introduce your new Product Manager: JP Pleitner. JP is a executive project manager with 18 years’ experience leading projects and supporting within various IT fields.  In 2004, she transitioned into the real estate industry.   This began a career in MLS governance for the past 13 years. I have full confidence that JP will lead IRESis and ColoProperty.com™ on the right road in the years ahead.

 

Best of luck to all of you in your future endeavors!

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System Update: 01/11/2018-Mobile and Stats Update


Mobile Listing Details Displays MORE DETAILS

While certain features were previously included, this latest release allows for enriched detail display when viewing listings on IRESis Mobile. Specifically, look for Interior Features and Exterior Features on the property details page of individual listings.


eProperty Watch on Mobile

Integrated into IRESis in December 2017, is now accessible through IRESis Mobile. When accessing the menu, look for the E. This will connect the IRESis Broker to his/her eProperty Watch account. Learn more about eProperty here.


Updated Statistics

Regional Snapshot and Zip Profiles Stats have been updated with the latest statistical information found under REPORTS>Statistics in IRESis. Don’t forget the wealth of information found in Help for IRESis Statistics.


 

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 Use AVMs to Your Advantage with ePropertyWatch!

 Use AVMs to Your Advantage

 You may have heard the term “AVM” without really understanding what AVMs are or how they are used.  Short for Automated Valuation Model, an AVM is a tool that estimates a property’s value.  “Automated” means that a computer program performs all the calculations—no human adjustments to the estimated property value.

To come up with an estimate, a good AVM will analyze data from a variety of sources, weight them appropriately, factor in market trends, and more.  As a skilled real estate professional,  you have the ability to enhance the knowledge supplied to homeowners via AVMs.  A broker can further educate the homeowner about the multitude of other property variables that AVM may not take into account (i.e. views, recent renovations, condition of the property, etc.).  Learn more about AVMs.

Historically, mortgage lenders have used AVMs to make an initial determination of a property’s value.  Thanks to the Internet, AVMs are now widely available to homeowners curious about the fluctuating value of their home.  Why send your clients and prospects to national real estate portals to find property estimates?

Use AVMs to initiate conversations with homeowners today!

With ePropertyWatch™ from CoreLogic®, you can automatically deliver the property valuations they are looking for every month.  You can add notes and adjustments to the AVMs if needed.  The reports also include nearby listings, sales, building permits, foreclosures, market trends, and more.  What homeowner doesn’t like to know what’s going on in their neighborhood?

As an IRES MLS benefit, ePropertyWatch is 100% FREE for up to 2,500 contacts.

To get started, view this video or simply click on ePropertyWatch under the Reports menu on IRESIS.com. 

JP Pleitner; Product Manager, IRES, LLC.

 

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IRESis: Going Mobile

In today’s fast-paced modern world, staying connected is more important than ever. Technological advances are improving our ability to remain connected and making our jobs easier. Today, a number of devices, from smartphones to tablets, ensure we’re able to remain productive whether we’re at the office or not.

Whatever your preferred device, real estate brokers are constantly on the go, so mobile functionality and remote access to listing information has never been more important than it is today. According to Properties Online, 62 percent of agents would like their MLS to expand their technology and service offerings. The local real estate industry recognized this need, and over the last few years, IRESis underwent numerous iterations to meet this significant community need. Now, the mobile site has the most functionality its ever had.

Long gone are the days of printing out a myriad of listings or lugging around your hefty laptop in order to show your appointments. Today, staying connected to every client and every listing is easier than ever before as much of IRES’ desktop functionality has been incorporated into the upgraded mobile site.

IRESis Mobile’s enhanced functionality allows brokers to work from anywhere — on their smartphone or any mobile device. These enhanced offerings give our brokers an advantage over other real estate agents, as it allows them to stay competitive, respond to client needs faster, and save time and money.

New Mobile Features

  • New Screen Design and Flow
    We made significant changes to IRESis Mobile in order to make it more intuitive and easier to use. It’s like having a user-friendly version of IRESis, with enhanced functionality and built-in features, right in your pocket.
  • Improved Map Functionality
    The live map interacts with a new listing panel that slides in
  •  and out. Additionally, on the map, brokers are now able to zoom in on cities, zip codes, addresses and MLS numbers. Before, if you didn’t manually enter the property properly, you wouldn’t be able to find the listing. Now, simply type in a city or zip code and the map will move to that location, or enter an MLS # or an address and a list of matches will appear.
  • Ability to Edit Listings & Listings Differentiators
    Listings change in real time and the ability to update them on the spot is crucial. We added a number of additional fields to IRESis Mobile that allow agents to edit their listings in real time. We also added the ability to edit listing comments, the paragraph of information that brokers write, telling potential buyers about the house, and broker remarks, the private, MLS-only comments that other brokers can see (info about commissions, bonuses, etc.)

In addition, A/B and A/F listings are designed differently and are a different shade of green on the map to differentiate them from active

  • Carts
    Another big functionality brokers clamored for was a “cart.” Like a shopping cart on Amazon, IRESis carts allow brokers to open, create, add and delete listings all within each cart. Create carts for individual clients, areas, types of properties, etc.Now, when you save listings in one of your carts, when you go to show those homes, you can access that cart from your phone or tablet to easily see which listings you’re showing or going to visit.

 

  • Ability to Select Multiple Listings in Listing Panel and Detail Screen and Send via Email, MySite, Carts and CloudCMA
    No one wants to look at just one home, do they? Before, you could only select and send one listing at a time, so we created a way for brokers to check multiple listings and post multiple listings to MySite, their carts, Cloud CMA as well as send multiple listings via email. Now, you can send as many listings as you want, reducing the need for unnecessary emails that inundate your clients’ inboxes.

 

  • Open Houses Added
    Say a property your client is interested in is having an open house on Saturday, and your client wants to see the house. Now, the open house feature allows brokers to enter when they plan to host an open house on a listing and other brokers can simply take their clients to the open house.

While the IRESis site is extremely robust, it’s becoming much easier to perform some of the same tasks our site does on a smartphone or tablet. You can zoom to your location or tell us where you want to go; select and send as many listings as you want via email, MySite or CloudCMA; open, create, add and delete listings with carts; edit listings on the go as well as execute other additional tasks — all from your smartphone or tablet!

Real estate industry professionals deserve the optimal tools to serve the needs of well-informed buyers and sellers. More features will continue to be added with demand, so you can continue to elevate your ability to serve your clients.

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IRES MLS Recent Rules & Regs Update

Ensuring cooperation and compensation between brokers is perhaps the most important role of the MLS. We know that holding all listings and subscribers to the same standards, in an impartial way, is the only way to keep MLS data accurate and timely for the benefit of all.

With that in mind, IRES periodically reviews our Rules and Regulations and updates them as necessary. Recently, we added and clarified a few rules to make them more modern and easier to read. Please take a moment to familiarize yourself with the most current changes and clarifications:

  • Section 13.1 – Email addresses acquired from the MLS may not be used to indiscriminately send spam.
  • Section 1 – Only one listing per property shall be submitted to the MLS
  • Section 1.6 – Public Remarks on listings are intended to identify valuable qualities, details and inclusion. Personal advertising and contact information, including email addresses, phone numbers, names, etc. are prohibited
  • Section 1.17 – Managing Brokers must notify IRES within three business days when adding or removing licensees.
  • Section 1.18 – IRES subscriber must notify IRES within three business days if they transfer offices, change REALTOR Board/Association affiliation or relocate.

Interested in learning more? Feel free to check out IRES’s Rules and Regulations.

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Update to IRES Subscribers December 22, 2017

We wanted to update our customers before the end of the year regarding the merger discussions between IRES and REcolorado.

You may recall we were targeting the end of the year to finalize and sign the merger documents, and although progress continues, merger documents are in the process of being reviewed by legal counsel for all parties.  Once that process is complete, final approval will be in the hands of IRES owners and REcolorado shareholders sometime in January.

We appreciate your patience as we work through important details of the merger agreement and documents.  Rest assured than many, many volunteer hours have been dedicated to these efforts and forward motion continues.  As more details unfold, we will keep subscribers updated.

Warmest wishes for a joyous holiday season.

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RatePlug Now Available to IRESis Subscribers

Better qualify your homebuyers and close faster

RESPA compliant co-marketing platform. Included with your IRES MLS subscription.

RatePlug provides homebuyers with live, interactive mortgage payment information based on accurate Interest rates, property taxes, insurance and assessments for each property listing they view. Agents benefit with the following benefits/features:

Interactive Rate Calculators in your IRES MLS Listings

example of an interactive mortgage rate calculator embedded in a MLS listing

Turn passive buyers into active buyers with accurate monthly cost-to-own estimates customized with rates and products from your most trusted lenders.

Far too many closings fail due to financing. Protect your time and  effort by engaging a trusted lender that uses RatePlug to help you close faster. Unlike typical mortgage payment calculators, RatePlug displays interactive mortgage rates in emails sent from IRESis and on MySite and leverages the full property detail available within the MLS to calculate monthly affordability. This monthly cost to own includes the full PITI, HOA, and other costs based upon multiple financing options. When your home-buyers say “we can afford that” they are more likely to make an offer.

How is RatePlug displayed within the MLS?

The screenshot below shows how RatePlug will display within MySite with a RatePlug account. Click through the View Live Rates link in order to see a live demo. You can then enter the Estimated Sales Price and Down Payment and hit calculate to see RatePlug in action.

**This is a sample of a RatePlug display. Rate and mortgage information is for illustration purposes only.

Custom Real Estate Property Flyers

Included at no-extra cost. Now when you list a new property in IRES MLS, your lending partner has the ability to create co-branded professional real estate flyers to support your open houses and other co-marketing activities.

There are multiple compliant co-marketing flyer templates available

More Control with your Listings

Worried about sending your buyers to lenders you do not know? RatePlug does not display random lenders on your listings like other real estate sites do. You decide which lenders are displayed on your listings. Even better, all compliance issues are handled by the RatePlug system.

  • Get alerts and when zero, or low down payment options are available on the property listing (FHA, VA, USDA, or other niche lending products).
  • Dynamically request open house flyers that show affordability and special financing – customized for each of your listings.
  • Post your listings with monthly payment information included on social media

Compliant Co-Marketing

COMPLIANCE

RatePlug’s list of participating banks, credit unions, and lending companies now exceeds 800 entities. Each of these lending companies has evaluated and approved the RatePlug program as compliant.

All RatePlug displays and flyers are archived for 10 years in compliance with the FTC (MAP) guidelines. RatePlug is fully FTC-MAP, TRID, RESPA, and TILA compliant.

Get Started Now!


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