SANTA CLARA, Calif.,
Jan. 25, 2021 /PRNewswire/
-- Realtor.com® and Qualia today announced a new
relationship that will give agents and their clients a unique
ability to collaborate online in real time with their title
provider of choice as part of a fully integrated digital closing
experience.
Realtor.com and Qualia will offer an integrated digital closing
experience for agents, consumers and title providers.
The experience will first launch next month as a pilot test in
seven states across the country, followed by a nationwide launch
later this year. The seven states are Florida, Maryland, Ohio, New
Jersey, Pennsylvania,
Texas, and Virginia.
"Realtor.com® believes an open marketplace approach
that offers choice, control, transparency and efficiency creates
the best experience for home buyers, sellers, and real estate
professionals," said Move Inc. CEO David
Doctorow. Move, Inc., is a subsidiary of News Corp and
operates realtor.com®. "Our relationship with Qualia is
a great example of this. We're empowering agents by providing
options to help them get their clients all the way through closing,
as we simplify the process of buying and selling homes for people
throughout their real estate journey."
Agents in realtor.com®'s ReadyConnect
Concierge℠ network will be able to use their existing
ReadyConnect℠ Agent app to select one of the many
highly rated title partners who are powered by Qualia's platform.
Agents can also introduce additional title partners to the network
through the ReadyConnect Concierge℠ app and web experience. If they
choose, agents can continue to work outside of the app with any
title provider outside of the Qualia platform.
If they work with a title provider in the Qualia network, agents
and their clients can automatically manage and review documents,
track progress in real time, and communicate with the chosen title
company through the secure Qualia Connect platform. The platform's
security features also help protect buyers from phishing and fraud;
cyber crime in real estate transactions has been increasing rapidly
over the past few years, according to FBI reports. Consumers can
sign their closing documents, and in select states some
participants can have them remotely notarized with Qualia's fully
integrated Remote Online Notarization tool, as well.
In states that allow fully remote closings, agents who give
their clients the ability to e-close by working with title
providers that embrace modern, digital solutions can set themselves
apart from the competition. In an October
2020 Qualia Homebuyer Sentiment Survey, more than 60 percent
of survey respondents said they wanted a fully digital closing
experience, and more than half of home buyers chose their real
estate agent based on a differentiated level of service around
closing.
Title and escrow providers in the Qualia network can grow their
business with the increased exposure to the 140,000+ agents in
realtor.com®'s ReadyConnect Concierge℠ network. They'll
also save time and increase efficiencies by collaborating with
agents and consumers on one secure, cloud-based closing
platform.
"The role that each participant in the home buying journey
serves is evolving faster than we've ever seen," said Qualia CEO
Nate Baker. "Realtor.com®
is a Proptech leader that has consistently remained ahead of the
curve, empowering its agents to deliver a differentiated home
buying experience. We are excited to help them continue this
journey alongside our existing network of Qualia powered title and
escrow partners across the country."
Realtor.com® is offering a webinar on February 18 in advance of the pilot tests; visit
https://register.gotowebinar.com/register/6421853105671680013 to
register.
Title providers can learn more about Qualia and join the network
at https://succeed.realtor.com/title-escrow-advertising.
Visit marketing.realtor.com/concierge to learn more about the
ReadyConnect Concierge℠ network and how realtor.com®'s
referral program can help agents and brokers build their business.
Unlike some other success-based models, ReadyConnect Concierge℠ is
open to all brokers and their agents who want to join – as market
conditions allow – and requires no upfront expenses.
About
realtor.com®
Realtor.com®
makes buying, selling, renting and living in homes easier and more
rewarding for everyone. Realtor.com® pioneered the world
of digital real estate 20 years ago, and today through its website
and mobile apps is a trusted source for the information, tools and
professional expertise that help people move confidently through
every step of their home journey. Using proprietary data science
and machine learning technology, realtor.com® pairs
buyers and sellers with local agents in their market, helping take
the guesswork out of buying and selling a home. For professionals,
realtor.com® is a trusted provider of consumer
connections and branding solutions that help them succeed in
today's on-demand world. Realtor.com® is operated by
News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move,
Inc. under a perpetual license from the National Association of
REALTORS®. For more information, visit
realtor.com®.
About Qualia
Qualia is the category creating digital
closing platform used by over half a million real estate
professionals. Qualia's cloud-based closing rooms provide the
complete infrastructure to streamline the home closing experience
for real estate businesses and their clients. The company offers a
suite of products that brings together homebuyers and sellers,
lenders, title & escrow agents and real estate agents onto one
secure, remote platform. Since launching in 2015, the company has
been named an ALTA Elite Provider, CB Insights Fintech 250, grown
to over 400 employees, and has been recognized by Forbes as a Best
Startup Employer. The company is a leader in industry security and
was the first technology company to join the Coalition to Stop
Real Estate Wire Fraud. Qualia is headquartered in San Francisco, CA and has offices in
Austin, TX. For more information
on Qualia, visit www.qualia.com.
Media Contact
Stephanie
Singer
Stephanie.Singer@move.com
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SOURCE realtor.com