|By Marketwired .||
|July 17, 2014 11:20 AM EDT||
SAN FRANCISCO, CA -- (Marketwired) -- 07/17/14 -- Inman Connect -- Industry-respected real estate consulting and communications firm REAL Trends recently completed a survey that identified dotloop as the most widely-used and preferred transaction solution for real estate brokers. The ranking, part of REAL Trends' report, "Transaction Systems in the Real Estate Industry," further validates dotloop's position as the unrivaled broker solution to provide a better experience to clients, increase agent adoption and efficiency, and centralize compliance and back office communication to reduce costs.
The report was administered to Real Trends' 500 and Up-and-Comers, which is made up of the top 1,350 residential real estate brokerages in the U.S. According to survey respondents, dotloop was found to be the most popular solution, with 44 percent of brokers using a transaction solution using dotloop. The second highest solution was only used by 11 percent of those surveyed. dotloop's ranking, and the large delta between other providers, shows the foothold and market leadership the company has achieved amongst brokers.
"Technology is changing how brokers, agents and clients interact throughout the transaction process, and our study has shown it's becoming increasingly important for brokers to choose a solution that allows them to provide a better experience, improve agent efficiency and reduce costs," said Bob Bill at REAL Trends. "In fact, we found brokerages that use a transaction system see 22 percent more closed transactions per agent than those that don't. The ease of the transaction, collaboration and efficiency increases the value of an agent to the home buying and selling process."
Expanding on its leadership, in 2014 dotloop continued to achieve momentum, with many of the country's largest brokers partnering with the company to streamline transactions and improve how people work. With a customer service satisfaction rate of 94 percent and an agent engagement rate of 83 percent, dotloop is continuing to focus on maintaining and growing a network where people can work better together. dotloop's focus on customer service and agent engagement has helped the company sign deals with a number of brokers, including William Pitt and Julia B. Sotheby's International Realty, Better Homes & Garden Rand Realty, and Better Homes & Garden Metro Brokers over the last four months.
"It's no surprise to me that dotloop is chosen so often over its competitors -- the product is seamless, service is top notch, and they're consistently ahead of the pack with their technology innovation," said Craig McClelland COO of Metro Brokers, the largest BH&GRE Brokerage in the country with 26 offices and 1800 agents. "This technology is now woven into our DNA as a company and I can't imagine doing it any other way. It's a workspace for my agents, my brokers and my admins to collaborate in real time. All brokerages should be using the right transaction system that supports both agents and clients or they risk becoming irrelevant."
dotloop enables agents to invite clients and other parties in a transaction to a 'loop' where they can engage in the entire real estate transaction process online, from offer to close, on any device and from any location. dotloop's broker solution, dotloop-DASHBOARD, provides complete transparency into agents' transactions, enabling a comprehensive view of the office and a seamless compliance process.
To access the full report, please visit this page: http://www.icontact-archive.com/lw29k8nloLLvhNI62A90DJtlCYw8-j5S?w=3
dotloop is the largest network in real estate, where more than 1.2 million professionals come together to get work done. dotloop enables agents, brokers and other professionals to complete an entire real estate transaction from start to close online, via an online workspace called a 'loop,' which brings people, documents and tasks into one online experience. Agents use dotloop to provide a better experience to their clients and close more deals. dotloop is the top broker choice and solution for real estate transactions, being selected four times more often than any other vendor, according to a study by REAL Trends Analysis. dotloop allows brokers to run a better business, by increasing visibility, retaining top talent and reducing operating costs.
The company is based in Cincinnati, Ohio and backed by Trinity Ventures. To learn more about dotloop, visit www.dotloop.com.
Sara Pallas or Dan O'Mahony