TLCengine is a company specializing in the “True Lifestyle Cost” of home buying. Beyond just mortgage, taxes, and insurance, TLCengine looks at over two dozen cost variables associated with owning a home. These factors include average utilities, commuting costs, car insurance rates, and more. Using predictive analytics, TLCengine can give buyers a highly accurate breakdown of how much house they can afford. The traditional way of looking at homeownership costs (the mortgage, taxes, and insurance mentioned earlier) only account for 50% of the costs associated with living in a home – and TLCengine accounts for this in their predictive modeling.
TLCengine was one of this year’s hackathon sponsors, and their data was instrumental in helping our teams who were looking at machine learning/artificial intelligence to help consumers and agents make better home buying decisions. This type of data is uniquely suited for helping clients make smart decisions with their money, beyond just the initial purchase of a home, and we thank them for letting our hackathon participants use their API this year, and wish them luck in launching TRUE, their new product for agents and brokers, this year!