Xome — a listing portal, transaction platform and referral network for agents — has unveiled a mobile app that the firm says is the the first end-to-end mobile platform “enabling real estate brokers and agents to collaborate with clients and complete major steps in the home buying and selling process.”
The app lets agents and clients communicate via in-app messaging and enables agents to integrate and nurture leads from Xome as well as other lead sources, including Zillow.
Xome’s “concierge” service can assist with qualifying leads on behalf of agents “so you spend your time on real deals,” the app’s explainer video says. Clients who have downloaded the consumer app can get prequalified for a loan “in a few simple steps” from within the app.
Xome says the app also lets agents complete a laundry list of other tasks that are typically required to bring a real estate transaction to fruition, including:
- Scheduling showings
- Completing and reviewing offers
- Signing and accepting offers
- Sharing documents with all parties to a transaction
- Ordering title and settlement services
- Depositing earnest money (by snapping a photo of a check)
- Reviewing and signing “most” closing documents
Screen shot from Xome explainer video showing process for using app to deposit earnest money.
Xome is one of a growing number of platforms seeking to hatch and incubate real estate transactions from beginning to end. The company pairs property search (via xome.com and mobile apps) powered by more than 80 percent of multiple listing service listings in the U.S with its own transaction management platform, title and mortgage services and 24/7 “concierge” service.
Xome is a licensed real estate brokerage in all 50 states and Washington, D.C., but it doesn’t have any in-house real estate agents. Instead, it feeds leads to a network of agents, which numbered 14,000 in July, in exchange for referral fees. Agents accepting referrals from Xome must agree to charge consumers no more than a 2 percent commission — less than the typical going rate — for their services.
Xome is owned by real estate services juggernaut Nationstar Mortgage Holdings.
Nationstar reported in late July that Xome had racked up 130,000 registered users and 1.4 million visits to its site since announcing its official launch in early June. Xome users had made 671 offers and 806 tour requests through the platform, and more than 100,000 users had downloaded its iOS mobile app at the time, Nationstar claimed.
Nationstar did not release updated numbers of these metrics in its latest third-quarter earnings report.
