Edina Realty to utilize Vodii and Factom blockchain for real estate deals

Vodii, a software company delivering easy-to-use software solutions for the title and escrow industry, today announced that Edina Realty Title, a Berkshire Hathaway Company, will be their first customer to implement TxM GlobalSign.

This software module allows real estate closing documentation to be digitally signed and notarized to simplify and secure communication between closing agents and all stakeholders of a real estate transaction.

TxM GlobalSign is part of Vodii’s TxM Software Suite, a white-labeled, SaaS, web-based transaction management application that leverages Factom’s Harmony Blockchain-as-a-Service technology to protect document integrity.

[perfectpullquote align=”full” bordertop=”false” cite=”Brad Fisher, President of Edina Realty Title” link=”” color=”” class=”” size=””]“Our customers’ experience is paramount and must consistently instill confidence and trust throughout the buying or selling process. TxM GlobalSign uses Factom Inc.’s Harmony BaaS technology to improve our customer’s experience, while also boosting the security of our services, increasing our team’s productivity, and preserving precious natural resources.  We can’t wait to launch!”[/perfectpullquote]

TxM GlobalSign was developed in response to the evolving legal and regulatory requirements to accept electronic signatures and notarization. Factom Harmony allows TxM GlobalSign to create an immutable audit record of activities, data, events, and decisions, therefore improving efficiency and security.

[perfectpullquote align=”full” bordertop=”false” cite=”Matt Regan, Founder & CEO of Vodii” link=”” color=”” class=”” size=””]“It’s important that someone buying or selling a home can trust their team and the process. In partnership with Factom Inc., we are proud to have developed an experience that raises the bar for convenience, reliability, and security.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Laurie Pyle, COO of Factom Inc.” link=”” color=”” class=”” size=””]“The real estate services industry is the first use case where we expected the Factom Harmony products to be applied. In our partnership with Vodii, we’re creating a new industry standard for borrower and seller protection surrounding one of the most important transactions of their lifetime, while also providing additional value to originators and underwriters through the creation of verifiable and independently auditable blockchain records.”  [/perfectpullquote]

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