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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
The Miami Association of Realtors® (MIAMI) has signed an agreement with the real estate technology firm MLS Offers to make MLS Offers' patented offer submission and negotiation platform available as a member benefit MIAMI, FL (AUGUST 25, 2017) - The Miami Association of Realtors® (MIAMI) has signed an agreement with the real estate technology firm MLS Offers to make MLS Offers' patented offer submission and negotiation platform available as a member benefit to their 46,000+ members through an integration into their Matrix MLS software. "MLS Offers is an agent-to-agent communication platform that makes managing all offers across all listings a breeze for agents," MLS Offers CEO Alan Fenn said. "We essentially allow offers to be submitted directly from the MLS. When a list agent requires all offers on their listings be submitted through MLS Offers, they ensure that all offer terms, documents and negotiation correspondence are easily managed by both agents through a simple and clean user interface. We are very excited to partner with MIAMI to bring this technology to all their agents." In addition to being able to import their listings directly into their MLS Offers accounts, MIAMI members will also be able to "enable" MLS Offers service when they add listings to the MLS. Doing so will embed a hyperlink in the broker remarks section of the MLS sheet to submit an offer on that listing. Clicking this link will allow buyer's agents to view offer instructions, download documentation provided by the list agent such as disclosures, complete an online offer summary and attach their offer documentation. On the buy side, agents always know their offer was received successfully by the list agent and are able to track the status of their offer online at all times. This eliminates the frustration of trying to reach the list agent to find out if they received an offer and what is going on with it. Buyer agents also send all offer communication to the list agent through MLS Offers. They can send messages, amend their offer, withdraw their offer, or agree to a seller's counteroffer terms. A pain point of many MIAMI list agents is dealing with multiple offers. MLS Offers addresses this by allowing list agents to easily manage and compare multiple offers in one spot. Agents can even reply to multiple offers on a listing with one click instead of replying to each buyer agent individually. This is a time saving feature when sending out requests for more information, highest and best requests, or even offer rejections. With MLS Offers, all communication between agents on each offer is handled in the organized MLS Offers environment. This removes the need for agents to manage offers through their cluttered email inboxes. MLS Offers adds a level of transparency to the offer process that is not available with email correspondence. MIAMI believes this transparency will enhance the way offers are handled and reduce complaints to the association surrounding offers, which is one of the benefits that attracted them to this technology. "MLS Offers provides so many benefits to both list and buy side agents that I envision this eventually becoming the standard method by which offers are submitted and negotiated throughout the real estate industry," Miami Association of Realtors® CEO Teresa King Kinney said. Please visit http://www.MLSoffers.com to learn more about the service they provide agents. About the MIAMI Association of REALTORS® The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 97 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents more than 46,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with 163 international organizations worldwide. MIAMI's official website is http://www.MiamiRealtors.com
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MLS Offers Launches Platform to Simplify Offer Negotiations
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eBrokerHouse Platform Celebrates Milestone of $15 Billion in Closed Transactions
Real estate software firm eBrokerHouse, Inc. has announced that it has recently surpassed over $15 billion in closed transactions managed through its platform since the company launched its transaction and offer management software in 2009. The company's CEO, Alan Fenn, says, "We provide an easy to use tool for real estate agents to manage all aspects of their business in one location. Agents do not need to learn and pay for multiple software platforms to run their business and they love that. Agents and their teams can login to one platform and manage any type of transaction they have including traditional sales, short sales, REOs, and more." eBrokerHouse boasts that they cultivate a family atmosphere where their clients feel comfortable expressing their ideas and feedback. In fact, Fenn routinely answers customer support calls and replies to user emails himself. He says that talking with his customers daily is the best way for him to know what agents are dealing with on a day to day basis and what they need from a software. According to Fenn, the platform's most popular feature among most agents is the proprietary offer submission and management system. This feature allows agents to receive offers directly into their eBrokerHouse account from a link they can place in their MLS or on their website. Buyer's agents upload their offers online and the offer can be managed and amended by both parties throughout the offer process. To date, over 500,000 offers have been submitted to eBrokerHouse members through the software. eBrokerHouse offers both a free and paid service for agents. Both versions have the same features, but the paid version allows agents to manage a higher volume of active listings, collaborate with team members and store more files.
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