MortgageTechnology

Real estate adopts transaction technology

Vendors report business boom

Adoption of real estate transaction management systems is picking up steam, with some vendors seeing a quadrupling of their business over the past year, according to top managers of six leading vendors who gave their perspectives Thursday during an Inman News audio conference. The six companies–Guru Networks, Stewart Realty Solutions, First American Residential Group, Wintrans Solutions, SettlementRoom and Nations Holding Group–all offer online transaction management systems. Some target different players within a transaction, but their basic message remained the same: Interest and usage are increasing. "We have seen tremendous increase in interest from both brokers and agents," said David Hamrick, president of Wintrans Solutions. Hamrick said the number of people looking at the company's product has quadrupled since last year. That four-fold increase also extends to SettlementRoom's number of registered users over the past year, said CEO Jonathan Cutler. And Mark Cira of ...