The Real Estate Solutions division of Fidelity National Financial has released a major update to its TransactionPoint Suite, a Web-based real estate transaction management platform and ordering system designed to streamline business processes and reduce risk.

TransactionPoint version 8.7 incorporates an updated user interface and new features and capability advancements that optimize all aspects of the real estate transaction and enhance communication between all involved parties. The platform enables brokers to enter property data, add clients, create transactions, update activities, order services, upload documents and share information throughout the life cycle of the real estate process.

By performing all tasks in one system, users gain electronic accessibility to all the information associated with a real estate transaction. The system also helps brokers effectively manage risk by standardizing processes and centralizing documentation.

The number of transactions flowing through TransactionPoint increased 500 percent during 2004, according to the company.

Several enhancements and updates have been added to facilitate seamless broker-customer interactions, including document faxing capabilities, consumer-facing Web site interfaces and service provider grouping. These enhancements reduce the amount of time and resources required to implement transaction management services within a brokerage.

The transaction system also enables consumers to monitor the status of their transactions and accompanying documents online, in real-time.

Fidelity National Financial provides products and outsourced services to financial institutions and the real estate industry. FNF had total revenue of more than $6.2 billion and earned more than $560 million for the first nine months of 2004, with cash flow from operations of more than $925 million for that same period.

Fidelity also is one of the nation’s largest title insurance companies, with more than 30 percent national market share, and provides other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance.

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