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Austin, Texas – (BUSINESS WIRE) – Flueid, the leading independent technology company driving digital real estate transactions, today announced the pilot rollout of its purchase product through the company’s Flueid Decision platform. Flueid’s Buying Decision is designed to eliminate all title-related challenges when buying a home, and it speeds up the production process for greater accuracy of results and reducing the risk of generating the ownership obligation. This is the first milestone in Flueid’s vision of a truly instant and centralized buying workflow that can help deliver a home buying experience that better meets the on-demand expectations of today’s consumer.
“Since the 1990s, our team has 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 connection and impact titles can have on transaction schedules, and we designed our Flueid platform to put data in context and generate actionable insights that can help clients make safe decisions about approving a loan, the ordering of titles, the setting of an interest rate or the planning of a deal. ”
With the introduction of the pilot, the purchase decision digitally enhances traditional search and review reviews to review the consumer data contained in the information bureau in near real time. In this way, it is expected that much of the manual search and review checks that are traditionally required to create the commitment and clear a purchase transaction for completion will be eliminated. The result: a trustworthy digital decision that is ingrained in traditional processes that reduces risk and streamlines the entire real estate experience for everyone.
The company launched its Flueid Decision platform in 2020 to drive decision making and keep real estate transactions smooth from start to finish. Thanks to its patented and agnostic architecture, Flueid adds the purchase decision to the platform alongside its existing refinancing capabilities, which have been in the market for 18 months with some of the country’s leading national underwriters, lenders, digital service providers and more.
“The checkout process has always been the next evolution of our business. Using traditional and nontraditional data sources and logic, we’ve proven Flueid Decision’s model of refinancing, centralizing, and automating stock release decisions in less than a minute. Now we can apply the model to purchasing to provide the data and insights needed to virtually remove any title-related hurdle or delays in closing while giving our partners more control and cost savings in their business, ”added Peter Judge, co-founder and president of Flueid.
The constant further development of Flueid Decision supports the company’s vision of offering a networked and needs-based real estate experience, regardless of the type of transaction or the location of a customer in the transaction life cycle.
Flueid is currently testing its purchase decision with Flueid Built customers as it continues to improve and develop the capabilities of the product. More information on a full market release will be made available in the coming months.
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 it and make it 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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