Editor's note: More big companies, trade groups and entrepreneurs are investing in technology platforms, back-end systems and software to automate the real estate transaction, but most consumers are still closing deals the old-fashioned way. In this three-part series, Inman News eyes progress on the paperless front. (See Part 1, "Brokers realize benefits of paperless office" and Part 2, "Real estate plays catch-up with e-signatures.") The paperless closing is turning out to be sort of like landing a man on the moon -- we've got the technical know-how to do it, but it's not exactly a routine event. The complexity of the real estate transaction, although not quite as daunting as a moon shot, means there are many participants, procedures, forms and laws to contend with. The key to making e-closing an everyday occurrence lies in standardization, regulation and adoption rates, those pushing the real estate, mortgage and settlement services industries in that direction say. Much has been d...
by Andrew Wetzel | on Mar 22, 2017
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