We enjoyed some nice press over the past year, including a couple mentions in the Washington Post as well as our first mention in a feature story from Inman News, a real estate tech website.
Coverage mainly focused on our app Close It! and the announcement of our partnership with MRIS to offer a specially licensed version for their agents. Federal Title’s version remains available to all and has had nearly 13,000 downloads to date.
The mobile way to buy or renovate a home (Washington Post)
Close It!: This app “is like Turbo Tax for real estate transactions,” says Todd Ewing, president of Federal Title & Escrow in Washington. “The app immediately produces a cash-to-close estimate along with an estimated mortgage payment and a shareable HUD-1 Settlement Statement similar to what the buyer will see on the day of the closing. All the buyer has to do is enter a purchase price and a property jurisdiction.”
Apptitude: Wondering what your closing fees will be? Ask Close It! (Washington Post)
A D.C. title company has come up with an app that takes the guesswork out of closing on a local home. Buyers can use Close It! by Federal Title and Escrow to input the purchase price and jurisdiction, and the app will predict how much money they will need for closing and what their monthly payment will be.
Through a partnership, MRIS, which facilitates nearly $125 million a day in real estate transactions, now offers a custom, specially licensed version of Close It! to calculate total cash-to-close and net proceeds for real estate transactions.
Like the Close It! app, the MRIS version allows users to compare closing costs in different jurisdictions and show the difference in closing on the first of the month compared to at the end of the month, MRIS and Federal Title said.
Mid-Atlantic Multiple Listing Service (MRIS), and Federal Title & Escrow Co. have launched MRIS Close It!, a desktop and mobile app that provides quick and concise closing cost estimates.