DocuSign says the latest version of its paperless real estate transaction management platform, DocuSign for Real Estate PLUS, allows mobile users to handle deals from start to finish, and provides additional capabilities for brokerages including Salesforce integration.
The update also provides process automation, allowing brokerages to integrate their back-office systems with DocuSign for Real Estate PLUS, Broker Edition, so they can move data and documents between systems while automating steps like adding new participants to transactions.
“With our latest release, we’ve executed on two of our primary product themes – mobile enablement and integration – both of which are aimed squarely at further building DocuSign as the one place where real estate professionals manage their transactions,” said DocuSign founder and Chief Strategy Officer Tom Gonser in a statement.
DocuSign said that the platform has been used to process more than 2.5 million real estate transactions in the last 12 months, with organizations like the National Association of Realtors, Re/Max, Realogy, HSF Affiliiates, the Texas Association of Realtors, MLS Listings and MRED choosing the platform as the standard for members.
NAR invested in DocuSign in 2009, when NAR subsidiary Second Century Ventures purchased a 5.43 percent stake in the company for $2 million. As DocuSign raises additional money, the ownership stakes of existing investors are diluted. Before the latest round of funding, NAR’s stake in DocuSign was 4.5 percent, according to a report provided to NAR’s board of directors in May.
In November, DocuSign announced a “deep integration” with Realtor-owned zipLogix Inc. allowing users of its digital transaction management platform to fill out real estate forms digitally using the form-filling technology zipForm.
Last year, DocuSign raised $115 million in a funding round the company said would help it grow its mobile reach and expand into Spanish-speaking countries, Singapore and across Asia.
Competitors include dotloop, Lone Wolf, BackAgent, Reesio and Instanet.