Rights to technology that’s designed to help real estate professionals automatically complete paperless contracts and forms generated by dozens of different software applications is on the market for about the cost of the median priced home in Boulder, Colo.
The technology behind Auto-RE.com — not the company itself — is available for a starting bid of $350,000, said company president Kent Lewiss. Lewiss said Auto-RE makes submitting clients’ applications for titles, mortgage loan quotes, home inspections, home warranties and a host of other services as easy as the “click of a button.”
By allowing users to enter data once and than “populate” dozens of forms with the same information, Auto-RE has the potential to reduce the workload involved in paperless transactions, Lewiss said. “This is an integral and vital part of the overall puzzle,” he said.
Lewiss said the technology is proven and proprietary (a patent application is under review), but that he doesn’t have the time to develop it to its potential. Auto-RE had a partnership with one of the leading paperless software application companies, ZipForm, which was dissolved on Feb. 1. Lewiss said Auto-RE could not pay for the data transfer services ZipForm was providing.
A “white paper” explaining Auto-RE.com’s technology and business model is available on the company’s Web site.