Hot Property: Real Estate Transactions Move Faster with Automation
Summary
For service providers in the real estate industry, the age-old challenge remains of how to rapidly produce accurate loan, contract, and other transaction documents to meet aggressive closing deadlines. Real estate is an industry reliant on forms, which has historically meant time-consuming, labor-intensive work on the part of realtors, mortgage bankers, escrow agents, and insurance companies. For example, in a unique partnership between LexisNexis and the New York State Bar Association, HotDocs offers over 2,000 legal forms, including hundreds pertaining to residential real estate. Automating real estate processes with HotDocs creates efficiency in several ways: • None entry of information, increasing accuracy and removing the potential for costly human error. Simplifying contract generation with the use of document automation is especially beneficial for law practices, banks, mortgage lenders and other companies involved in real estate transactions.
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