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Onity

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uuid000bssh

Namestring
Onity
Legal namestring
Onity
Websiteurl
en.onity.com
Company typeenum
Private
Founded yearint
1941
Descriptiontext

Onity is a global provider of electronic locking systems and mobile access control solutions serving the hospitality, commercial (military, government and corporate), senior living, education and self-storage industries. The company, founded in 1941 and headquartered at 4001 Fairview Industrial Dr. SE, Salem, Oregon, is now operated as a brand within Honeywell Building Automation following Honeywell's 2024 acquisition of Carrier Global Corporation's Global Access Solutions business for $4.95 billion. Onity maintains a 251–500 employee headcount and reports an installed footprint of more than 30,000 properties worldwide, more than 5 million electronic locks sold and more than 4 million Bluetooth-enabled locking devices deployed.

The product portfolio centers on electronic door locks (Serene Luxury Lock, Trillium, ADVANCE Trillium and Trillium 2.0), the Passport Self Storage Lock with IoT sensor integration, front desk encoding/management hardware and software, and electronic in-room safes. Mobile access is delivered through DirectKey technology, including the DirectKey 3.0 system announced at HITEC 2024, which supports smartphone-based unlocking via Bluetooth credentials and has facilitated over 250 million door openings. Onity's access controls and locks integrate with Honeywell Forge and INNCOM guestroom systems, providing a unified cloud dashboard that combines room access, energy, security and maintenance for hotel operators and other multi-site facility owners.

Onity operates as a B2B enterprise sales organization targeting global property portfolios through direct field sales engagement with owners, hotel chains, senior living operators, educational institutions, commercial facilities and self-storage operators, supported by an e-commerce storefront at shop.onity.com and Honeywell's global distribution and service network spanning more than 2,000 cities. Revenue is generated from three identifiable streams: hardware sales of electronic locks, safes and access devices; recurring subscription-style revenue from mobile credential provisioning (DirectKey); and professional services revenue from installation, training, technical support and service contracts. Pricing is quote-based, varies by property size, lock count and integration scope, and is sold primarily under multi-year enterprise contracts.

Short descriptiontext

Onity, a Honeywell Building Automation brand, provides electronic locking systems and DirectKey mobile access control solutions to hospitality, commercial, senior living, education, and self-storage properties across 30,000+ sites and 2,000+ cities worldwide.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersSalem, United States
HQ citystring
Salem
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
electronic locking systems, mobile access control, hospitality door locks, self-storage locks, access management solutions
Industry6 codes
1HSAHAEAG
CodeHSAHAEAGPrimaryYes
2HSAHAEAA
CodeHSAHAEAAPrimaryNo
3HSAHAIAL
CodeHSAHAIALPrimaryNo
4TLABALAI
CodeTLABALAIPrimaryNo
5CRACAGAD
CodeCRACAGADPrimaryNo
6CRAIAMAD
CodeCRAIAMADPrimaryNo
NAICS code2 codes
  • 561621
  • 44414
Product category
Electronic Access Control Systems
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Electronic Lock Hardware Sales
TypeHardware Sales
Description

Onity generates revenue primarily through the sale of electronic locking hardware including door locks, safes, and access control devices. Products are sold to property owners, hotel chains, and facility managers globally.

buildings.honeywell.com
2Mobile Access/Subscription Services
TypeSubscription Recurring
Description

Revenue derived from DirectKey mobile credentialing technology, likely including software licensing and mobile credential provisioning services.

buildings.honeywell.com
3Service Contracts and Support
TypeProfessional Services
Description

Onity offers installation, tech support, service contracts, training, and customer service across 2000+ cities globally.

buildings.honeywell.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Pricing details1 tier
1Enterprise/property-level pricing
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing varies by property size, number of locks, and integration requirements. No public pricing available.

buildings.honeywell.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 5 records shown
1DirectKey
Description

Mobile access technology enabling contactless unlocking via smartphone credentials and digital wallet integration.

buildings.honeywell.com
+4 more records
Core offering1 text field

Onity designs, manufactures, and sells electronic locking hardware (Serene Luxury Lock, Trillium and ADVANCE Trillium Locks, Passport Self Storage Lock, Electronic In-Room Safes, Front Desk Systems) combined with the DirectKey mobile credentialing platform for contactless smartphone-based access. The portfolio is sold to global hospitality, commercial, senior living, education, and self-storage operators and is integrated with the Honeywell Forge cloud platform for unified room access, energy, and security management.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 250 million+ door openings via DirectKey technology
+3 more records
Product overview1 text field

Onity, a Honeywell brand, is a provider of innovative electronic access solutions consisting of a unified portfolio of hardware and software products. The core offerings include Electronic Locking Systems (Serene Luxury Lock, Trillium/ADVANCE Trillium Locks, Front Desk Systems, Electronic In-Room Safes, and Passport Self Storage Lock) combined with DirectKey mobile access technology. These products serve hospitality, commercial, senior living, education, and self-storage industries, providing integrated access control through electronic locks, mobile credentials, and front desk management solutions.

Product and service7 records
1Onity Electronic Locking Systems
CategoryElectronic Locking Hardware
Description

Core electronic locking hardware product line including contactless locks for hospitality, commercial, and self-storage applications, offering contactless unlocking, flexible implementation, reduced deployment costs, and enhanced security with audit trails.

2DirectKey Mobile Access
CategoryMobile Access Control
Description

Mobile access technology enabling guests, residents, and customers to unlock doors using smartphones via Bluetooth, supporting contactless unlocking and digital wallet room access. The platform has facilitated over 250 million door openings and is deployed across 4M+ Bluetooth-enabled locking devices.

3Serene Luxury Lock
CategoryElectronic Locking Hardware
Description

Premium electronic lock designed for luxury hospitality properties, offering refined design combined with Onity's electronic access and security architecture.

4Trillium and ADVANCE Trillium Locks (including Trillium 2.0)
CategoryElectronic Locking Hardware
Description

Electronic locking system for commercial and hospitality applications, with the Trillium 2.0 version supporting mobile credentials and digital wallet room access.

5Front Desk Systems
CategoryFront Desk Access Management
Description

Front desk management software and hardware systems for hospitality property access control, including key card encoding and access management.

6Electronic In-Room Safes
CategoryElectronic In-Room Safes
Description

Electronic safe products for hotel guest rooms providing secure storage for guests, sold alongside Onity's electronic lock portfolio to hospitality customers.

7Passport Self Storage Lock
CategorySelf-Storage Electronic Locks
Description

Electronic locking solution for self-storage facilities with IoT-based sensor integration capabilities for individual unit access control.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierAdvanced PartnerTypeTechnology or IntegrationAnnounced on2026-01-26
Description

Onited has achieved Fortinet Advanced Partner status, signifying enhanced strategic collaboration and increased expertise in Fortinet's cybersecurity portfolio. The partnership involves delivering integrated security solutions using Fortinet products including FortiGate, FortiSwitch, and FortiClient among others.

Strategic tierParent/CorporateTypeTechnology or Integration
Description

Honeywell acquired Carrier's Global Access Solutions business (which includes Onity) for $4.95 billion. Onity's access controls and electronic locks are now integrated with Honeywell Forge and INNCOM guestroom systems into a unified cloud platform for hotels.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

VingCard is Assa Abloy's flagship hospitality electronic lock brand and Onity's most direct competitor, offering electronic locking and mobile key solutions to hotels globally. Both companies target the same hotel chains and compete head-to-head on RFID and Bluetooth lock deployments.

TypeBroad incumbent
Description

dormakaba is a major global provider of access control, door hardware, and electronic locks across hospitality, commercial, and institutional segments. It competes with Onity in hospitality electronic locks and offers a broader portfolio including enterprise access control.

TypeBroad incumbent
Description

Allegion is a large publicly traded access solutions company offering electronic locks, credentials, and access control systems across commercial, institutional, and multifamily markets. It competes with Onity in commercial and multifamily electronic locking with brands like Schlage and Von Duprin.

TypeDirect peer
Description

Salto Systems is a European-based provider of electronic access control and mobile key solutions for hospitality, commercial, and residential markets. It directly competes with Onity in Bluetooth-enabled locks and cloud-based access platforms like Salto KS.

TypeOthers
Description

Listed for clarity only: Onity Group Inc. (ticker ONIT, NASDAQ) is a separate mortgage servicing company, not related to Honeywell's Onity access solutions brand. Including to flag the name confusion risk identified in the bear case.

TypeEmerging player
Description

Latch (now DOOR) is a software-first smart access provider for multifamily residential and commercial buildings, offering mobile credentials, access control, and resident experience apps. It competes with Onity in non-hospitality verticals like multifamily and senior living.

TypeEmerging player
Description

RemoteLock provides cloud-based access control software that integrates with a wide range of electronic locks, including smart locks for vacation rentals, self-storage, and small commercial. It overlaps with Onity's Passport Self Storage Lock and serves similar self-storage customers.

TypeBroad incumbent
Description

HID Global is a leader in physical access control credentials, readers, and identity solutions for enterprise and government markets. It is part of Assa Abloy and competes with Onity in credential-based access control, particularly for commercial and government segments.

TypeEmerging player
Description

Kisi is a cloud-native access control provider offering mobile credential, reader, and management software for commercial real estate and coworking. It represents the software-first approach that competes with Onity's DirectKey cloud and mobile access layer.

TypeDirect peer
Description

August Home, owned by Assa Abloy, is a leading smart lock brand with strong consumer and small-business presence. While primarily residential, its mobile credential technology overlaps with Onity's DirectKey approach and represents a competitive reference point in Bluetooth smart locks.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Onity

Electronic Access Control Systemsen.onity.com

Onity, a Honeywell Building Automation brand, provides electronic locking systems and DirectKey mobile access control solutions to hospitality, commercial, senior living, education, and self-storage properties across 30,000+ sites and 2,000+ cities worldwide.

What Onity does

Onity is a global provider of electronic locking systems and mobile access control solutions serving the hospitality, commercial (military, government and corporate), senior living, education and self-storage industries. The company, founded in 1941 and headquartered at 4001 Fairview Industrial Dr. SE, Salem, Oregon, is now operated as a brand within Honeywell Building Automation following Honeywell's 2024 acquisition of Carrier Global Corporation's Global Access Solutions business for $4.95 billion. Onity maintains a 251–500 employee headcount and reports an installed footprint of more than 30,000 properties worldwide, more than 5 million electronic locks sold and more than 4 million Bluetooth-enabled locking devices deployed.

The product portfolio centers on electronic door locks (Serene Luxury Lock, Trillium, ADVANCE Trillium and Trillium 2.0), the Passport Self Storage Lock with IoT sensor integration, front desk encoding/management hardware and software, and electronic in-room safes. Mobile access is delivered through DirectKey technology, including the DirectKey 3.0 system announced at HITEC 2024, which supports smartphone-based unlocking via Bluetooth credentials and has facilitated over 250 million door openings. Onity's access controls and locks integrate with Honeywell Forge and INNCOM guestroom systems, providing a unified cloud dashboard that combines room access, energy, security and maintenance for hotel operators and other multi-site facility owners.

Onity operates as a B2B enterprise sales organization targeting global property portfolios through direct field sales engagement with owners, hotel chains, senior living operators, educational institutions, commercial facilities and self-storage operators, supported by an e-commerce storefront at shop.onity.com and Honeywell's global distribution and service network spanning more than 2,000 cities. Revenue is generated from three identifiable streams: hardware sales of electronic locks, safes and access devices; recurring subscription-style revenue from mobile credential provisioning (DirectKey); and professional services revenue from installation, training, technical support and service contracts. Pricing is quote-based, varies by property size, lock count and integration scope, and is sold primarily under multi-year enterprise contracts.

Onity firmographics

Firmographics
Name
Onity
Legal name
Onity
Website
https://en.onity.com
Company type
Private
Founded year
1941
Operating status
Operating
Headcount range
251–500 employees
Short description
Onity, a Honeywell Building Automation brand, provides electronic locking systems and DirectKey mobile access control solutions to hospitality, commercial, senior living, education, and self-storage properties across 30,000+ sites and 2,000+ cities worldwide.
Ownership category
akta.pro rank

Where Onity is headquartered

Location

Headquarters

HQ city
Salem
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Onity business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

  1. Electronic Lock Hardware Sales: Onity generates revenue primarily through the sale of electronic locking hardware including door locks, safes, and access control devices. Products are sold to property owners, hotel chains, and facility managers globally.
  2. Mobile Access/Subscription Services: Revenue derived from DirectKey mobile credentialing technology, likely including software licensing and mobile credential provisioning services.
  3. Service Contracts and Support: Onity offers installation, tech support, service contracts, training, and customer service across 2000+ cities globally.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractEnterprise/property-level pricing

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Onity product offering

Product offering

Core offering

Onity designs, manufactures, and sells electronic locking hardware (Serene Luxury Lock, Trillium and ADVANCE Trillium Locks, Passport Self Storage Lock, Electronic In-Room Safes, Front Desk Systems) combined with the DirectKey mobile credentialing platform for contactless smartphone-based access. The portfolio is sold to global hospitality, commercial, senior living, education, and self-storage operators and is integrated with the Honeywell Forge cloud platform for unified room access, energy, and security management.

Product overview

Onity, a Honeywell brand, is a provider of innovative electronic access solutions consisting of a unified portfolio of hardware and software products. The core offerings include Electronic Locking Systems (Serene Luxury Lock, Trillium/ADVANCE Trillium Locks, Front Desk Systems, Electronic In-Room Safes, and Passport Self Storage Lock) combined with DirectKey mobile access technology. These products serve hospitality, commercial, senior living, education, and self-storage industries, providing integrated access control through electronic locks, mobile credentials, and front desk management solutions.

Differentiator

Problem solved

Functional benefit

Brands

  • DirectKey: Mobile access technology enabling contactless unlocking via smartphone credentials and digital wallet integration.
  • DirectKey 3.0
  • Serene Luxury Lock
  • Trillium and ADVANCE Trillium Locks
  • Passport Self Storage Lock

Products and services

  • Onity Electronic Locking Systems Core electronic locking hardware product line including contactless locks for hospitality, commercial, and self-storage applications, offering contactless unlocking, flexible implementation, reduced deployment costs, and enhanced security with audit trails.
  • DirectKey Mobile Access Mobile access technology enabling guests, residents, and customers to unlock doors using smartphones via Bluetooth, supporting contactless unlocking and digital wallet room access. The platform has facilitated over 250 million door openings and is deployed across 4M+ Bluetooth-enabled locking devices.
  • Serene Luxury Lock Premium electronic lock designed for luxury hospitality properties, offering refined design combined with Onity's electronic access and security architecture.
  • Trillium and ADVANCE Trillium Locks (including Trillium 2.0) Electronic locking system for commercial and hospitality applications, with the Trillium 2.0 version supporting mobile credentials and digital wallet room access.
  • Front Desk Systems Front desk management software and hardware systems for hospitality property access control, including key card encoding and access management.
  • Electronic In-Room Safes Electronic safe products for hotel guest rooms providing secure storage for guests, sold alongside Onity's electronic lock portfolio to hospitality customers.
  • Passport Self Storage Lock Electronic locking solution for self-storage facilities with IoT-based sensor integration capabilities for individual unit access control.

Quantifiable outcome

  • 250 million+ door openings via DirectKey technology
  • +3 more outcomes

Companies that use Onity

Customer profile

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Onity technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

Onity partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered advanced partner and parent/corporate.

  • Fortinetadvanced partnerTechnology or Integration · 26 January 2026Onited has achieved Fortinet Advanced Partner status, signifying enhanced strategic collaboration and increased expertise in Fortinet's cybersecurity portfolio. The partnership involves delivering integrated security solutions using Fortinet products including FortiGate, FortiSwitch, and FortiClient among others.
  • Honeywellparent/corporateTechnology or IntegrationHoneywell acquired Carrier's Global Access Solutions business (which includes Onity) for $4.95 billion. Onity's access controls and electronic locks are now integrated with Honeywell Forge and INNCOM guestroom systems into a unified cloud platform for hotels.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Onity competitors and assessment

Company assessment

Direct peers

  • VingCard (Assa Abloy): VingCard is Assa Abloy's flagship hospitality electronic lock brand and Onity's most direct competitor, offering electronic locking and mobile key solutions to hotels globally. Both companies target the same hotel chains and compete head-to-head on RFID and Bluetooth lock deployments.
  • Salto Systems: Salto Systems is a European-based provider of electronic access control and mobile key solutions for hospitality, commercial, and residential markets. It directly competes with Onity in Bluetooth-enabled locks and cloud-based access platforms like Salto KS.
  • August Home (Assa Abloy): August Home, owned by Assa Abloy, is a leading smart lock brand with strong consumer and small-business presence. While primarily residential, its mobile credential technology overlaps with Onity's DirectKey approach and represents a competitive reference point in Bluetooth smart locks.

Broad incumbents

  • dormakaba: dormakaba is a major global provider of access control, door hardware, and electronic locks across hospitality, commercial, and institutional segments. It competes with Onity in hospitality electronic locks and offers a broader portfolio including enterprise access control.
  • Allegion: Allegion is a large publicly traded access solutions company offering electronic locks, credentials, and access control systems across commercial, institutional, and multifamily markets. It competes with Onity in commercial and multifamily electronic locking with brands like Schlage and Von Duprin.
  • HID Global (Assa Abloy): HID Global is a leader in physical access control credentials, readers, and identity solutions for enterprise and government markets. It is part of Assa Abloy and competes with Onity in credential-based access control, particularly for commercial and government segments.

Others

  • Onity Group Inc. (ONIT): Listed for clarity only: Onity Group Inc. (ticker ONIT, NASDAQ) is a separate mortgage servicing company, not related to Honeywell's Onity access solutions brand. Including to flag the name confusion risk identified in the bear case.

Emerging players

  • Latch: Latch (now DOOR) is a software-first smart access provider for multifamily residential and commercial buildings, offering mobile credentials, access control, and resident experience apps. It competes with Onity in non-hospitality verticals like multifamily and senior living.
  • RemoteLock: RemoteLock provides cloud-based access control software that integrates with a wide range of electronic locks, including smart locks for vacation rentals, self-storage, and small commercial. It overlaps with Onity's Passport Self Storage Lock and serves similar self-storage customers.
  • Kisi: Kisi is a cloud-native access control provider offering mobile credential, reader, and management software for commercial real estate and coworking. It represents the software-first approach that competes with Onity's DirectKey cloud and mobile access layer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Onity social profiles

Digital presence

Onity financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Onity leadership team

Management profile

Number of profiles

Onity funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Onity M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Onity

What does Onity do?

Onity designs, manufactures, and sells electronic locking hardware (Serene Luxury Lock, Trillium and ADVANCE Trillium Locks, Passport Self Storage Lock, Electronic In-Room Safes, Front Desk Systems) combined with the DirectKey mobile credentialing platform for contactless smartphone-based access. The portfolio is sold to global hospitality, commercial, senior living, education, and self-storage operators and is integrated with the Honeywell Forge cloud platform for unified room access, energy, and security management.

Is Onity a public or private company?

Onity is a private company. It is classified as corporate owned and is currently operating.

When was Onity founded?

Onity was founded in 1941. It employs 251 to 500 people.

Where is Onity based?

Onity is headquartered in Salem, United States, in the North America region.

How does Onity make money?

Three revenue lines are on record. Electronic Lock Hardware Sales are the primary driver. The others are mobile Access/Subscription Services and service Contracts and Support.

Who are Onity's main competitors?

Direct peers on record are VingCard (Assa Abloy), Salto Systems and August Home (Assa Abloy). Broad incumbents are dormakaba, Allegion and HID Global (Assa Abloy). Onity Group Inc. (ONIT) is listed as an others. Emerging players are Latch, RemoteLock and Kisi.

Does Onity have an API?

No public API is recorded for Onity.

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Live signals
HousingWireFOA completes deal for Onity reverse mortgage assetsFinance of America completed a deal acquiring $5.2 billion in UPB reverse mortgage MSRs from Onity. The deal involved 20,000 Ginnie Mae HECM loans and is part of its broader mortgage portfolio activity.HousingWirePennsylvania ADU bill clears House, heads to SenatePennsylvania House approved bill HB 2186 requiring one ADU per lot, which now moves to the Senate for further consideration, as part of a broader housing agenda. Several companies and organizations, including Boxabl, Onity, and Rocket Pro, announced new products, services, or expansion plans relevant to the real estate and mortgage markets. The article also detailed updates on mortgage rates, regulatory actions, and industry events.HousingWireOnity approved to sell reverse MSRs to Finance of AmericaOnity received approval to sell reverse MSRs on 20,000 HECM loans valued at $5.1 billion UPB to Finance of America, including a three-year subservicing agreement. The article also covers updates in the real estate and mortgage sectors, such as company expansions, leadership appointments, policy changes, and market forecasts.YahooOnity (ONIT) Q2 2025 Earnings Call TranscriptOnity (ONIT) reported second quarter 2025 GAAP net income of $20 million, or $2.40 per diluted share, with an annualized ROE of 17%, reflecting solid performance despite volatile market conditions. Book value grew 5% year-over-year to $60 per share, while origination volumes exceeded total industry growth and the MBA Refinance Application Index rose 43% versus prior year. The company is reaffirming its annual adjusted ROE guidance while expecting continued interest rate volatility for the balance of the year.HotelmanagementDoor locks hold the key to a successful stayThe hotel industry is shifting towards integrated, cloud-managed access control systems featuring digital wallet keys and enhanced encryption standards to improve security and operational efficiency. Key vendors including Vingcard, dormakaba, Onity, and EntryReady are promoting these connected ecosystems that integrate with property management systems for real-time monitoring and remote diagnostics.Inside Self-StorageOnity Launches Electronic Locking Solution for Self-StorageOnity, a Carrier Global Corp. subsidiary, launched the Passport Locking Solution for self-storage, combining a smart lock, mobile app, cloud management system and IoT network. The company added MachineQ IoT connectivity and reseller agreements with Trachte Building Systems. The product will be shown at Inside Self-Storage World Expo in Las Vegas, April 11-14.HoneywellOnity and Comcast’s MachineQ Bring IoT Smart Locks to the Self-Storage IndustryOnity, a Carrier company, and MachineQ, a Comcast company, have collaborated to launch a cloud-based smart lock solution for self-storage facilities, integrating MachineQ's LoRaWAN connectivity with Onity's Passport Locking Solution. The system enables facility operators to remotely lock, unlock, and monitor storage units in real time via Onity's PassPortal cloud management platform, while tenants access units through the DirectKey mobile app using Bluetooth. The solution is scalable to additional IoT applications such as leak detection and temperature sensing, with potential to lower total cost of ownership for facility operators.PR NewswireOnity DirectKey Technology Enables Contactless Check-in at Hotel PropertiesOnity announced that its DirectKey mobile access solution is being deployed across hotel chains globally, enabling guests to bypass the front desk and access their rooms using smartphone-based keys to reduce physical touchpoints amid social distancing guidelines. The technology has been installed in more than 5,000 hotels and 800,000 rooms worldwide, with guests using mobile key credentials to open doors more than 100 million times since the product's 2015 launch. The solution utilizes 128-bit AES encryption and is built on a platform deployed across nearly 4 million Bluetooth locking devices.PR NewswireSmart Lock Market Worth 2.67 Billion USD by 2023MarketsandMarkets published a market research report forecasting the global smart lock market to grow from USD 1.28 billion in 2017 to USD 2.67 billion by 2023, representing a compound annual growth rate of 13.11%. The report projects deadbolts as the fastest-growing lock type segment, Bluetooth as the leading communication protocol, and residential verticals as the highest-growth end-use category, with North America expected to maintain the largest market share during the forecast period. Key players identified in the competitive landscape include ASSA ABLOY, Allegion, dorma+kaba, Spectrum Brands, Salto Systems, Onity, Cansec Systems, and Master Lock.PR NewswireOnity DirectKey™ System for Mobile Access Launched and Expanding at Hilton PropertiesOnity, a provider of electronic access solutions for the hospitality industry, announced it is supplying its DirectKey™ mobile access solution to Hilton Worldwide, enabling guests to use their smartphones as room keys via cloud-based key credentialing and Bluetooth technology. The system has been deployed at over 100 Hilton properties in the U.S. following a successful 4-month trial that received high guest satisfaction ratings. Hilton intends to expand the mobile key feature to its full-service hotels in the United States by the end of the year.