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The dotloop Movement Advances, Adds Five New State Associations of REALTORS(R), 50,000 New Members in 60 Days

Growing Number of State Associations of REALTORS(R) Use dotloop to Drive Industry Move Online and Push Toward a Better Consumer Experience

CINCINNATI, OH -- (Marketwire) -- 12/19/12 -- dotloop, the fastest growing software company in real estate, today announced significant growth with a number of State Associations of REALTORS®. Over the past 60 days, five new State Associations of REALTORS® -- totaling more than 50,000 members -- have selected the company's cloud-based platform to provide as a member benefit and protect the integrity of their intellectual property as association forms and real estate transactions increasingly move online. This announcement comes on the heels of dotloop hiring Chad Humphrey as director of industry relations and adding the Arizona Association of REALTORS® as its first state association customer in mid-October. New state associations to select dotloop include:

  • Delaware Association of REALTORS®
  • Georgia Association of REALTORS®
  • Massachusetts Association of REALTORS®
  • New Hampshire Association of REALTORS®
  • Vermont Association of REALTORS®

"There are major changes afoot in the real estate industry. We're moving from a reliance on physical forms, static PDFs and eSign solutions to a digital world in which agents and clients alike expect transactions to take place online and in mobile-friendly ways. This means there's a need for associations to rethink the toolset they're offering their members to be consistent with how the rest of the world operates," said Robin Lance, president, Georgia Association of REALTORS®. "dotloop not only creates an entirely paperless transaction that expedites the real estate process for our members, but also creates a superior client experience."

With dotloop, associations can give members a fully digital experience that improves the process for both members and the buyers and sellers they serve, while also maintaining integrity of the documents. Associations are able to provide their members full access to interactive form libraries through one transaction experience, enabling them to review, negotiate and sign deals, all from dotloop's secure online platform, while also maintaining all necessary version and access controls. State associations generate new revenue streams and eliminate old expenditures, but they also avoid burdening members with multiple technologies, including outdated form and e-signature software that creates inefficiencies, frustrates buyers and sellers and hinders the ability to get deals done.

"As an involved realtor within RE/MAX, we've seen a growing need to reduce paperwork and become more mobile-friendly to meet the demands of our clients," said Todd Stonesifer, president, Delaware Association of REALTORS®, also a Million Dollar Club Realtor. "We have tried many transaction management systems, all of which resulted in more paperwork and more man-hours. dotloop is a complete transaction solution that alleviates paper-related headaches and creates an experience that's in line with an increasingly digital world."

"Not only are we learning to protect and grow revenue streams in a digital world -- one in which forms programming just doesn't work -- but our members are also working with much more tech-savvy clients who are used to doing nearly everything online and who want the same experience when buying or selling a home," said Isaac Chavez, CEO, Vermont Association of REALTORS®. "Without dotloop, a normal transaction would require our members to use three different applications, physical forms or form software, signatures or signing solutions and a sharing or storage platform -- and would take endless hours to complete. dotloop alleviates those headaches by providing our members with everything they need to complete a transaction in one place online, while also protecting our most valuable assets: our forms. It's our business differentiator."

"The rapid growth of state associations adopting dotloop in just in the past two months is a testament to the major obstacles paperwork creates for members that want to be more efficient, complete more deals and collaborate online with clients," said Chad Humphrey, director of industry relations, dotloop. "Industry leaders like Robin, Todd and Isaac are embracing these changes, and in doing so, are equipping their members with tools that eliminate non-value added paperwork so they can refocus on the consumer."

About dotloop
dotloop is transforming the real estate industry by providing a secure online platform where any real estate agent can share and electronically sign transaction documents in real-time. As the leading provider of collaborative negotiation services, dotloop is available to service all real estate professionals throughout the United States and Canada. The innovative dotloop platform is a collaborative, wholly web-based negotiation platform that lets users add, adjust, approve and sign documents digitally -- addressing the challenges of security, efficiency and overhead costs in today's real estate industry. For more information, please visit www.dotloop.com.

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Media Inquiries:
Sara Schulte
415-625-8555
dotloop@launchsquad.com

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