Keller Williams Realty has added SettlementRoom, a real estate transaction management system, to its roster of preferred vendors for its 38,000 agents across the country.

 

The transaction management software allows agents, brokers and multi-office companies to manage all of their real estate listings and transactions through an online interface. This technology has evolved to provide for action plans, e-mail reminders, document management, task tracking, scheduling, reporting, compliance auditing and transaction archiving. SettlementRoom’s Web-enabled transaction management software has more than 30,000 registered users, with customers in every state.

 

Jonathan Cutler, president of SettlementRoom, said, several Keller Williams affiliates are already “on board” with the technology platform. SettlementRoom has been in business for about five years.

 

In June, SettlementRoom announced that it was selected as a preferred supplier for Prudential Real Estate nationwide.

 

Transaction management systems are gaining momentum again in the real estate industry after a bumpy ride with first-generation tools. Some companies abandoned early efforts to develop and adopt transaction management systems because of high costs or difficulty in implementing the systems, though such tools — which can reduce the volume of paper documents and speed up transactions — are now becoming an industry standard.

 

Some big companies have entered the transaction management systems field, such as First American and Fidelity National Information Systems. Guru Networks, eFrogg, and Wintrans Solutions are also among the players.

 

***

 

Send news tips or a letter to the editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription