Industry News

Real estate technology company seeks to eliminate ‘middleman’

Announces plans for 'no-commission, no-fee home sales'
Published on Dec 5, 2005

A real estate technology company today announced the launch of a Web site where consumers can apply for a no-mortgage-fee, no-cost home loan, and also announced plans to launch technology that cuts real estate agents out of real estate transactions. The site uses proprietary technology to search for the loan rates across dozens of lenders, according to an announcement by FutureNet Realty Technologies. "Since the process is streamlined with online document management, FutureNet Mortgage can offer this product with no mortgage fees or costs," according to the announcement. FutureNet Mortgage is a part of FutureNet Realty Technologies. "Soon, MyFutureNet will roll out the world's first 'list-to-close' technology-enabled real estate process, putting consumers in control of home buying and selling decisions, keeping more money in their pockets and eliminating the real estate agent middlemen," the announcement states. The company reported that its technology will allow buyers and sellers t...

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