Flueid Expands Platform to Fuel Purchase Transactions
- Company trialing all-new Purchase product to power decision-making and eliminate title-related closing delays.
- Pilot program is the first milestone in unlocking a truly automated and expedited title commitment for the purchase sector.
AUSTIN, Texas–(BUSINESS WIRE)–Flueid, the leading independent technology company fueling digital real estate transactions, today announced the pilot launch of its Purchase product via the company’s Flueid Decision platform. Designed to eliminate any title-related challenges in the homebuying process, Flueid’s Purchase Decision expedites the production process to drive greater accuracy of results and reduce risk in generating the title commitment. This is the first milestone toward Flueid’s vision of a truly immediate and centralized purchase workflow, which can help deliver a homebuying experience more in line with the on-demand expectations of today’s consumer.
“Since the 1990s, our team has been focused on bringing the real estate transaction online with the goal of integrating the entire ecosystem,” said Peter Bowman, co-founder and CEO of Flueid. “We understand the link and influence title can have on transaction timelines and created our Flueid platform to put data into context and generate actionable insights that can help clients make confident decisions on approving a loan, ordering title, locking in a rate or scheduling a close.”
Through the pilot launch, the Purchase Decision digitally enhances traditional search and examination reviews to verify the consumer data found in the statement of information in near real time. In doing so, it is expected to eliminate much of the manual search and examination reviews traditionally needed to craft the commitment and clear a purchase transaction for closing. The result: a trusted digital decision rooted in traditional processes which reduces risk and streamlines the overall real estate experience for everyone.
The company launched its Flueid Decision platform in 2020 to fuel decision-making and help make real estate transactions easily flow from start to finish. Thanks to its patented and agnostic architecture, Flueid adds the Purchase Decision to the platform alongside its existing Refinance capabilities, which have been in the market for 18 months with some of the nation’s top national underwriters, lenders, digital service providers and more.
“Solving for purchase was always the next evolution of our business. Using traditional and nontraditional data sources and logic, we proved Flueid Decision’s model with refinances, centralizing and automating title clearance decisions in less than a minute. Now we can apply the model to purchase to deliver the data and insights needed to nearly eliminate any title related hurdles or slowdowns for closing while also providing our partners with greater control and cost savings in their business,” added Peter Richter, co-founder and president of Flueid.
The ongoing evolution of Flueid Decision supports the company’s vision of delivering a connected and on-demand real estate experience, regardless of transaction type or where a client sits within the transaction life cycle.
Flueid is currently trialing its Purchase Decision with Flueid Built customers as it continues to enhance and evolve the product’s capabilities. More information regarding a full market release will be made available in the coming months.
To learn more about Flueid, its products, services, or leadership team, please visit: https://www.flueid.com/.
About Flueid
Flueid is on a mission to make the rigid real estate process more fluid – fueling transactions using data and insights to make them easily flow from start to finish. The company’s goal is not to eliminate critical functions or best practices within the process, but to re-think them and make them smarter, digitally. Through its patented technology, the company has created a universal, digital solution for every market segment along the real estate journey, which has been adopted by major leading mortgage lending, servicing, settlement service, FinTech and PropTech partners, among others. Flueid is fueling every part of the real estate transaction to deliver immediate certainty to our clients and drastically reduce the time to close for consumers. For more information, please visit https://www.flueid.com/.
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