Teranet Inc. to Pilot New Solution Transforming the Real Estate Process in Ontario
Summary
Developed to address a growing need to modernize real estate payments in Ontario, SureFund™ is a critical service to help legal professionals provide clients with the reliable and convenient funds transfer functionality they demand to succeed in the current and post-COVID-19 world. SureFund™ will free up resources for real estate lawyers and law clerks to work more closely with clients by saving significant time and effort from manual processes, such as running cheques, facilitating bank drafts, making deposits, and coordinating with couriers. “We are excited to once again extend and enhance the ability for legal professionals to collaborate and transact electronically more efficiently and securely, particularly as working remotely becomes the new normal.” Teranet’s rich experience in platform and registry technology will enable the modernization required for the transfer of funds when closing a real estate transaction, while leveraging the payment processing power of exclusive service provider, FCT. Stay tuned for more information about the launch of Teranet’s new SureFund™ platform and how it will allow real estate lawyers in Ontario to adapt quickly as the need for fast and safe electronic funds transfer grows greater than ever. It also provides insightful property intelligence and data solutions to thousands of customers in the real estate, financial services, government, utilities, and legal markets.