Real Estate News

Crye-Leike Rolls Out TransactionPoint Online Transaction Management System

Release Date:     September 03, 2010
Category: All Regions


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Nation's 6th Largest Real Estate Firm Launches Online Access For Everyone Involved In A Real Estate Sale To View Files Online From Anywhere At Anytime

The typical real estate purchase involves a pile of paperwork that's frequently faxed and often shared between parties as faded and hard to read documentation. In almost every case it's Realtors facilitating this shuffle 'back and forth' of contract changes and files between buyers and sellers, lenders, closing agents and others involved in the transaction.

At Crye-Leike, REALTORS - the nation's 6th largest real estate firm - the days of faxing and sharing the mountains of paper files are fast becoming a thing of the past. The company has spent months ramping up and testing a new online transaction management system called TransactionPoint. Very soon, every person directly involved in a Crye-Leike real estate sale will be offered 'online access' to view files, contracts, mortgage documents, inspection reports and more from anywhere at anytime.

"This is a revolutionary step for us," said Harold Crye, Cofounder & CEO of Crye-Leike, REALTORS. "TransactionPoint gives our sales associates a great leap forward in the service they can provide their clients and empowers our customers and business partners from start to finish on every real estate sale."

In 2009 Crye-Leike, REALTORS partnered with TransactionPoint from Cyberhomes LLC, a division of Lender Processing Services, Inc. (LPS) to provide the platform for the real estate firm's NEW online document retrieval system. The ultimate goal is to introduce the automated transaction management system to Crye-Leike's entire network of nearly 130 corporate and franchise offices in its nine state southern US region.

"By centralizing documents in a 'paperless' environment improves the accuracy and communication between all parties involved in a real estate transaction," said Gurtej Sodhi, Crye-Leike CIO & Corporate Executive Vice President. "Using this cutting edge transaction management technology platform to collaborate between real estate professionals, clients, the lender and the closing agent as well as appraisers, inspectors and other parties, we can offer greater transparency throughout the process and drastically reduces the paper documents."

With Crye-Leike's NEW TransactionPoint, all parties involved in real estate sales can:

- Get the total picture of the real estate transaction any time

- Easily access key settlement documents and notes

- Have peace of mind knowing how the transaction in proceeding

As an added value, final closing documents will be available for up to seven years online to clients who close with Crye-Leike's partner title company, Realty Title & Escrow.

"The goal is for our sales associates to do less of the busy work of shuffling documents around, and in doing so, free up more quality time for them to spend with their clients and business partners," said Crye. "Those clients and business partners in turn will gain a peace of mind they never had before with their ability to stay in the loop on all the changes, updates and progress of a real estate sale anytime."

About Lender Processing Services, Inc. (LPS)

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (LPS Desktop®) portfolio retention and default, augmented by the company's award-winning customer support and professional services.

Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS' Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, please visit www.lpsvcs.com.

More About Crye-Leike, REALTORS

Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike®, the nation's 6th largest real estate company, has a network of more than 3,600 licensed sales associates based out of 130 corporate and franchise offices located through-out the nine-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina and Oklahoma.

Crye-Leike is a full-service real estate company offering buyers and sellers services in: residential and commercial sales, mortgage, title, insurance, business brokerage and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services. In 2009, Crye-Leike attained a sales volume in excess of $3.9 billion with 24,983 homes sold. More information is available at http://www.crye-leike.com.


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For More Information

Crye-Leike Public Relations
5111 Maryland Way, Suite 300 - Brentwood, TN 37027
615-373-2044 x611 | PublicRelations@crye-leike.com

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