Property ManagementSan Antonio Board Chooses Expeditrix
Expeditrix(tm) Corporation,
headquartered in Austin, Texas, says that their SmartClose(sm) service has been
endorsed by the San Antonio Board of Realtors(R) (SABoR) to automate and
simplify the closing process for more than 3,500 Realtor(R) and 200 affiliate
members in the greater San Antonio area. After evaluating several transaction
management services, the San Antonio Board of Realtors(R) signed a
non-exclusive alliance agreement with Expeditrix for SABoR"s 25,000 annual
transactions.
According to the company, the existing closing process, which is currently
tracked and managed through volumes of paper documents, often requires upwards
of 400 phone calls and 70 signatures, resulting in a frustrating and
time-consuming ordeal for all parties involved. SABoR is committed to providing
technology tools that empower its members and affiliates to improve the quality
of customer service delivered to local consumers. Virtually eliminated are
those last-minute phone calls on closing day asking "Where is this or that
document?" All of the paperwork will be in the system, available to all
parties, 24 hours a day, seven days a week.
"We chose SmartClose after reviewing online transaction management
platforms because its notification features and collaborative functions map to
the traditional business roles in closing transactions," said Larry Nuese,
chairman of the board of SABoR. "Plus, SmartClose is a tested, proven product
that enables our members and their customers to see immediate benefits."
Expeditrix says that SmartClose is the only service of its kind with
proactive notification for multiple devices, connects all the participants in a
residential real estate closing -- Realtors(R), title and mortgage companies,
and the buyers and sellers. San Antonio area Realtors(R) and affiliates will
utilize SmartClose as a virtual workspace that integrates with existing
technology -- mobile phone, e-mail, fax, pager and personal digital assistant
(PDA) -- to increase the rate of successful closings through proactive
communication, improved document flow and business reporting.
Expeditrix and SABoR will collaborate on joint print, online and event
marketing as well as training courses to promote the SmartClose service to
South Texas Realtors(R). Once adopted by the Realtor(R), the system will
coordinate the communication between the participants and the documentation of
each transaction. Participants in the transaction may log-on to SmartClose 24/7
to check on the status of the transaction and order, view or print relevant
documents. All information is secure and only available to the appropriate
closing parties involved in the transaction.