Unlike hospitals, government agencies and other groups that have adopted paperless systems in recent years, real estate firms – which often have a significant amount of paperwork to complete for each sale – have been surprisingly slow to embrace document imaging solutions.
But according to Jeff Geoghan of the Central Penn Business Journal, that could soon begin to change. Geoghan wrote that while many brokerages are still stuck in the 1950s when it comes to paperwork, more online options are becoming available in the housing market. Mortgage payments can now be made online or automatically, while some companies allow clients to renew their insurance right from a smartphone or tablet.
According to real estate news source Inman News, change in the housing industry has been slow due to concerns about implementing new technologies.
"With the crazy nature of the business and the pace at which agents and transaction coordinators move, many do not feel that they have the time to throw a wrench in their system by learning yet another program," Christina Bonner, vice president of Pacific Union International, told the source.
Still, Geoghan stated that many companies are working to bring paperless solutions to the housing market. Soon, buyers and sellers will be able to complete transactions entirely online, eliminating the hassle and waste associated with using paper and improving business process management.
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