Deal will provide over 52,000 users of Toronto Real Estate Board’s MLS® System with industry-leading transaction management, listing upload, eSignature, and electronic form technology
Lone Wolf Technologies (Lone Wolf), the North American leader in residential real estate technology, today announced it has partnered with the Toronto Real Estate Board (TREB), to provide the Board’s 52,000+ MLS® System users with the industry-leading transaction management solution, TransactionDesk®.
TransactionDesk® is an end-to-end transaction management solution, comprised of tools for electronic forms (InstanetForms®), eSignature (Authentisign®), document management (DocBox®), MLS® System integration, and compliance review. In 2017, TransactionDesk® users generated 5.5 million transactions, 31 million forms, and more than 12.8 million signing packages.
With TREB’s 52,000+ MLS® System users set to use TransactionDesk®, along with 13,300 Centris members in Quebec and 500,000 real estate professionals in the U.S., Lone Wolf is set to host the largest real estate community of electronic forms, eSignature, and transaction management users in North America.
“We are beyond excited to partner with TREB,” said Patrick Arkeveld, CEO of Lone Wolf. “Not only will TREB members get to use real estate’s most complete transaction management solution, TransactionDesk®, but they’ll also gain exclusive access to our Listing Upload and MLS® integration features, as well as extensive Broker compliance and file review tools as an upgrade. TransactionDesk® will save TREB members an incredible amount of time and ensure compliance with every deal, efficiencies that will elevate the experience for everyone involved in a real estate transaction.”
The partnership, which will launch in late spring 2018, also includes integration with TREB’s MLS® System provided by Stratus Data Systems, and the ability to link to property assessment, and land registry databases. These integrations, along with pre-programmed electronic form integration from both TREB and OREA, will eliminate the need for duplicate data entry in multiple systems, helping members accelerate essential tasks in their transaction workflow, like adding listings and filling out forms.
“We’ve partnered with Lone Wolf for a number of reasons—product functionality, MLS® integration, and the company’s reputation primary among them,” said John DiMichele, CEO of TREB. “But most of all, we made this partnership for our members. With TransactionDesk®, TREB members will have the opportunity to be much more efficient and accurate with both listings and transactions. With an average of more than 275,000 residential and commercial sale and lease listings entered into TREB’s MLS® System annually over the past 10 years, we’re talking about a potentially massive impact on the Canadian real estate industry. And I have no doubt the benefits of this partnership will extend beyond our members and go on to improve the consumer’s real estate experience as well.”