AI models used by Rocket have demonstrated a strong performance in predicting real estate listing prices with an error rate below 2%. Customers using AI-driven chats for purchase loans convert at three times the rate of other channels, with a significant preference for chat support among 80% of clients. The production teams are capable of managing 50% more clients year over year. AI also facilitates customer service in account management and refinancing. Rocket focuses on early deployment of AI innovations, continually refining them to maximize value and client engagement.
The AI models are currently predicting listing prices in home search with less than a 2% error rate, significantly enhancing the accuracy of real estate transactions.
Rocket's innovative approach involves deploying AI tools early and refining them based on live feedback, asserting that waiting for perfection can lead to missed opportunities.
#ai-in-real-estate #chatbot-technology #client-engagement #innovative-tools #real-estate-market-trends
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