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Earnnest Now Available at Berkshire Hathaway HomeServices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines REALTORS, and Executive Realty
Digital earnest money service expands availability throughout Michigan and Northern Indiana GREENVILLE, S.C.--Earnnest, the largest digital earnest money service in the U.S., recently announced the availability of its platform in all 47 locations of Berkshire Hathaway HomeServices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines REALTORS, and Executive Realty. This latest strategic partnership brings digital earnest money to more than 1,000 real estate agents throughout Northern Michigan, Grand Rapids, Kalamazoo and Southwest Michigan, Eastern Michigan and Northern Indiana. "From virtual showings to digitally signed purchase agreements and electronic earnest money deposits, we're building pandemic-approved methods of helping our clients with their housing needs," said Steve Fase II, brokerage president. "Even now that we are back to in-person showings, our agents and clients love using the Earnnest platform; it's fast, efficient and easy." Earnnest is always free to use for agents, brokerages, escrow holders, and title attorneys with a flat $15 fee charged to buyers. The platform utilizes banking-level security and connects to every bank nationwide, sending automated receipts throughout the earnest money transfer to keep all parties updated on the status of the transaction. "We are proud to bring Earnnest to Berkshire Hathaway HomeServices network agents throughout Michigan and Northern Indiana," said Rick Altizer, Earnnest CEO. "Digital earnest money is now expected by clients during a fully virtual transaction, so Earnnest is a powerful tool agents can use to enhance service." Earnnest also continues to gain industry momentum as the standard for digital money movement in real estate. Earnnest is a Nacha affiliate (the organization responsible for U.S. payments governance), an American Land Title Association preferred vendor, a RISMedia preferred service provider and a member of the 2020 REACH class, an accelerator operated by Second City Ventures, the strategic investment arm of the National Association of REALTORS (NAR). "The more agents who have access to Earnnest, the more convenient, safe and streamlined a transaction becomes," said Chris Basinger, vice president of sales at Earnnest. "We've built a solution that will not only help agents and their clients navigate today's challenges but is also sustainable for a successful, digital future." About Earnnest Greenville, S.C.-based Earnnest is the largest digital earnest money service in the United States, allowing buyers to securely and electronically deposit funds directly to an escrow holder. Earnnest keeps agents, buyers and escrow holders in the loop with automated emails and tracking information. Visit Earnnest.com for more information. About Berkshire Hathaway Homeservices Michigan Real Estate, Northern Indiana Real Estate, Tomie Raines Realtors┬« and Executive Realty A family company serving nearly all of Michigan and Northern Indiana with 47 offices and over 1,000 real estate agents. Proud to be named a member of the Berkshire Hathaway Elite Circle, and regularly in the top 50 brokerages as ranked by Real Trends 500. Visit www.bhhsmichiganrealestate.com for details.
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Redfin and Notarize Partner to Offer Fully-Digital Home Closings
Redfin Mortgage Closes First Fully-Digital Home Mortgage SEATTLE, Nov. 14, 2018 -- Redfin, the next-generation real estate brokerage, and Notarize, the first company to enable an entirely online mortgage closing process, are working together to let customers close a home purchase completely online. Online closings are now available to customers of Title Forward, Redfin's title and settlement company, and Redfin Mortgage, Redfin's lending arm. "Redfin is using technology to improve the entire homebuying process from initial home search, to mortgage application and approval, to purchasing and now closing on a home purchase," said Jason Bateman, head of Redfin Mortgage. "For homebuyers, this means you can choose the time and place to sign your documents, whether that's from the comfort of your couch or on your phone in the moving truck outside your new home." Redfin Mortgage successfully completed its first fully-digital home closing on November 2 for a Texas homebuyer and continues to schedule more digital closings as consumers learn about this option. Notarize is a digital platform that provides a convenient, secure, scalable solution for all parties involved in a closing: homebuyers, agents, lenders, title agents and secondary market investors. All participants can review, sign and collaborate online to process transactions in a completely paperless format, when and where it works for them. "Our closing solution is a natural fit for Redfin because their customers are accustomed to a digital, mobile product," said Pat Kinsel, founder and CEO of Notarize. "No longer do customers have to leave work, find a babysitter, coordinate schedules or travel to 'The Closing.' Our technology integrates to seamlessly to deliver an easy, intuitive experience, so that buyers can get on to moving and unpacking boxes in their new home." Notarize was the first provider to introduce a scalable platform for completely digital mortgage closings, completing hundreds of real estate transactions since its launch last year, and growing by more than 50 percent each month. With hundreds of online mortgage closings already completed with the Notarize platform, Notarize is the only company to realize fully online mortgage closings for the industry at scale. About Notarize Notarize is the first platform to empower thousands of people each day to sign and notarize documents online. From adopting a child to buying a home, Notarize builds trusted products and services that support life's most important moments. For more information on our vision, visit notarize.com. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $60 billion in home sales.
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Miami Association of Realtors Partners with and Integrates MLS Offers Into MLS
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MLS Offers Launches Platform to Simplify Offer Negotiations
With a launch that has been highly anticipated by many in the real estate industry, MLS Offers has opened its doors as a free service for all real estate professionals in the United States and Canada. MLS Offers has taken aim at easing a pain point felt by many agents, the fragmented and often frustrating process of negotiating offers. List agents often find themselves managing multiple offers across multiple listings and often times via multiple technologies chosen by different buyers' agents. MLS Offers is a web-based platform that simplifies the offer negotiation process between agents. PropTech industry veteran and MLS Offers CEO Alan Fenn says, "The process is simplified by providing a standardized offer submission and negotiation process that is currently lacking in the real estate industry. This means allowing the listing agent to require that all offers on their listings be submitted through the MLS Offers platform. This ensures that all offer terms, docs and negotiation correspondence are easily managed by both parties, through a simple uniform interface." So how does it work? List agents paste a unique offer link in their MLS offer instructions and buyer's agents can click that link right in the MLS to submit an offer. List agents may include offer instructions and even documents for the buyer's agent to download, if applicable, to ensure complete offers on initial submission. As negotiations go back and forth, the offer status will automatically update so the agents will always know the status of the offer. Once an offer is accepted, important closing information can be added and seen by both agents along with contact info for any other parties involved such as a loan officer, title rep, home inspector, etc. There are many different technologies that allow agents to electronically create, sign, and send offers...and the number is seemingly always growing. When buyer's agents use these various technologies, list agents are often forced to adopt each of them to review and reply to the offers. This can get overwhelming to keep up with. With MLS Offers, both agents use whatever technology (or lack of technology) they wish with their own clients to create and sign docs, but when they come together to negotiate with each other, that is only done on the MLS Offers platform. "Our feeling is that there are plenty of digital form and/or e-signature technologies on the market already and we didn't want to be another one adding to the frustration agents already experience. We want to be a bridge between the different technologies two agents may prefer to use with their respective clients. Offer negotiations are all we do and we do them really well", says Fenn. Please visit www.MLSoffers.com for more info.
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eBrokerHouse Platform Celebrates Milestone of $15 Billion in Closed Transactions
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