Expetitle and 1st Class Real Estate announced they have entered into a joint venture offering a streamlined, remote home closing transaction to the latter company’s customers. 1st Class Real Estate will launch fully remote and hybrid closings though a secure platform and mobile app, first starting in Florida and Georgia, but with plans for nationwide expansion.
“This joint-venture with Expetitle allows us to leverage technology to process our clients’ closings more efficiently and with higher service levels,” Buddy Buchner, 1st Class Real Estate vice president of franchise development, said. “It eliminates the unknowns in a transaction by providing all parties with real-time information on any device in just a few clicks, giving our agents and their clients the confidence that their closings will happen on schedule.”
1st Class Real Estate is a nationally recognized top brokerage that has experienced 470 percent growth over the last three years. Expetitle delivers fully digital and hybrid closings though a secure collaborative online platform with the goal to add transparency to the entire closing process.
“With all the new tech-enabled competitors coming into the market, like iBuyers, digital brokers, and alternative marketplaces, brokerages need to respond with digital innovation of their own,” Expetitle CEO Sean Daly said in a release. “Consumers today expect to be able to do everything on their phone. Expetitle’s partnership model gives brokers the tools they need to stay relevant, while also opening up a new income stream from title insurance commissions.”