Doing fast means doing more. Real estate transaction involves document management, e-signature, lead nurturing, monitoring listings, and many more. These are not that easy to handle. That’s why the software market brings in a solution that can help manage all these and more — real estate transaction management software. Transaction management platforms will streamline your real estate workflow, thereby reducing paperwork and increasing automation. This means you can close sales more quickly and earn more commission by working on new leads.
To narrow down your choices, here is a list of some of the best real estate transaction management software available.
11+ Transaction Management Software
1. Paperless Pipeline
5. Wise Agent
What Is Transaction Management Software
Transaction management software (or transaction coordination software) helps real estate agents create, share, and electronically sign forms and contracts. In addition, these solutions also help create full transparency in the property buying and selling process.
Furthermore, real estate professionals can also use this software to automate workflows via task management — this system creates the ultimate closing plan for anyone involved.
Software technology can help you close more deals faster. By implementing transaction management software in your real estate office, you can ensure structured compliance and increased accessibility in the cloud anytime, anywhere.
Another key benefit of transaction management software is that it frees up time so that real estate agents and brokerages can make more money. And, it also gets rid of high-volume paperwork in each transaction while speeding up the process of closing a sale for all individuals and parties involved.
This software lets you review files with a customized checklist in order to ensure all listing documentation such as purchase agreement agency disclosure, and contingency files are included, signed, and accepted.
Listing and Showings:
You can create listings and schedule showing via an online portal.
Real Estate CRM (Customer Relationship Management):
Using real estate transaction management software, it’s easier to assign leads to agents, create pipelines and stages to help with benchmarks and goals in regards to new prospects, and convert sales opportunities into transactions on the back-end.
You can store all needed forms and ensure your documents get signed with e-signature capabilities.
Real estate transaction management tools provide you metrics and analytics/insights on agent performance, brokerage growth, and missed opportunities.
Top 10 Transaction Management Software
Brokermint is a cloud-based residential real estate brokerage solution that simplifies and automates your office. With Brokermint, you no longer have to experience the burden of manual commission calculations, repetitive data entry, or spreadsheets. Brokermint has 27 employees and makes $5M in revenue.
dotloop’s transaction management solution currently supports more than 9,000 brokerages and teams across the U.S. and Canada. dotloop has earned a near-perfect 98% retention rate. This solution also has a top-rated mobile app that has 4.8 out of 5 stars with over 42,000 reviews.
Qualia is a technology platform that makes a difference in the way you handle real estate by bringing everyone in the transaction into one secure, mobile, cloud-based experience, removing the stress from home buying, and making the entire experience transparent and efficient.
4. TOP PRODUCER
TOP PRODUCER includes transaction management and task plans. From MLS integration that allows you to import transaction data, to task plans that dynamically update your workflow as things change, transaction and task management becomes easier with the help of TOP PRODUCER.
TOP PRODUCER has 203 employees and makes $39 Million in revenue.
Endpoint is a full-service digital title and escrow, delivering a re-imagined closing experience for real estate transactions. This software offers services for real estate agents, brokers, lenders, title coordinators, home buyers, and sellers.
Glide delights home sellers with a guided online experience in completing complex disclosure forms. This transaction management solution helps save time and makes it easy to set up every transaction.
TotalBrokerage is the only complete real estate brokerage solution from contact through closing. This software solutions combines Lead Tracking, CRM, Email Marketing, SMS Marketing, Transaction Workflow & Compliance, E-Signature, Reporting, Auditing, and your Forms Library, all in one easy-to-use platform.
8. RealPage IMS
RealPage IMS is an end-to-end, fully integrated platform tailored specifically for real estate. This is a web-based platform that provides automated waterfall distribution processing, investor dashboards, CRM, document sharing, and more.
9. Juniper Square
Juniper Square transforms the private capital markets industry with solutions that streamline fundraising, investment operations, and investor reporting. This software solution is specifically tailored for commercial real estate. Thus, Juniper Square is trusted by hundreds of investor sponsors to manage more than 160,000 investors and $1 trillion in real estate investments.
Juniper Square currently makes $32.9M in revenue and has 253 employees.
SkySlope lets you automate and grow your brokerage with a real estate transaction management platform that provides compliance tracking, custom checklists, integrated digital signature, and forms. SkySlope has 200 employees and makes $25.4M in revenue.
Who Can Leverage Transaction Management Software?
Real estate agents can leverage this software to help them with paperwork and ensuring the clients are happy. Real estate brokers also leverage transaction management software as a collaborative solution to allow agents, brokers, and managers to work together for real-time visibility into the agent’s transactions.
What Are the Top Three Transaction Management Tools in the Software Market?
– Paperless Pipeline
Why Is Transaction Management Important?
Transaction mechanisms ensure database consistency. This is why transaction mechanisms are needed in order to avoid a system failure, especially when changes were made in sequence.
Automation is key to streamlining the sales process. It is a good solution to closing sales faster and earning more. To help you make that happen, you full transparency in the property buying and selling process. This will help you manage deadlines and keep transactions organized and on track. All these you can get when you make the switch to transaction management software.
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