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Austin, Texas – (BUSINESS WIRE) – Flueid, the leading independent technology company advancing digital real estate transactions, announced today that it has been granted US Patent 11,095,756 by the US Patent and Trademark Office, which became effective on 17. The now patented technology of the Flueid Decision -Platform centralizes and automates the decision about the title release in less than a minute. It is the only multi-tenant and agnostic system on the market that enables embedding with the core operating systems of point of sale (POS) platforms, lender operating systems (LOS), title production systems (TPS), service platforms and marketplaces to enable integration move forward and streamline workflows for all parties involved in the transaction.
First introduced in mid-2020, the Flueid Decision platform was designed to shorten the completion schedule by accelerating and digitally enhancing title search processes using traditional and nontraditional data sources, proprietary logic and insights. Today, some of the country’s leading national insurers, lenders, and digital service providers, among others, are leveraging Flueid Decision to reduce risk and improve transaction information and efficiencies from start to finish, providing consumers with a much more on-demand transactional experience.
“For nearly 20 years, our leadership team has been using data and technology to modernize real estate transactions,” said Peter Bowman, Co-Founder and CEO of Flueid. “Our goal is to provide our partners with trustworthy digital decisions that do not replace their businesses, but support them. For this reason, we have created a truly independent, multi-tenant solution that can make multiple decisions and offers customers more transparency and choice in their work processes, regardless of where a partner is located in the transaction ecosystem. ”
In addition to its multi-tenant framework, Flueid has designed its decision platform in such a way that the provision of customer data serves as the basis of the product. The platform achieved SOC 2 Type 1 compliance in March 2021 and Type 2 compliance from June 2021, validating its data security controls and best practices.
“We designed Flueid from the ground up with security and data processing at its core, and we thought about the architecture and design to ensure that it supports the control framework that enables customers to control their own data,” added Peter Richter , Co-founder, and President von Flueid. “Our agnostic, multi-tenant platform enables each customer to have a unique, future-proof environment. We then transfer ownership and management to each customer to ensure that their data and that of their customers are physically and logistically separated from other customers or outside access. ”
Flueid continues to improve its Flueid Decision product to bring additional functionality online. This patent is another milestone in the company’s vision to commercialize a digital solution for every market segment along the real estate path, securely driving end-to-end decisions to provide instant assurance and an optimized experience for everyone.
To find out more about Flueid, its products, services or the management team, please visit: https://www.flueid.com/.
About Flueid
Flueid is committed to making the rigid real estate process more fluid and using data and insights to drive transactions so that they flow smoothly from start to finish. The company’s goal is not to eliminate critical functions or best practices within the process, but to rethink and make them digitally smarter. With 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 leading mortgage loan, service, processing service, FinTech and PropTech partners, among others. Flueid supports every part of the real estate transaction to provide our clients with instant security and drastically cut the time to completion for consumers. Further information can be found at https://www.flueid.com/.
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