LemonBrew Technologies has announced a partnership with Qualia, a cloud-based real estate closing platform, to power LemonBrew’s national expansion and transition toward contactless closings. LemonBrew Abstract, the title and escrow vertical of LemonBrew, has signed on Qualia as its tech platform of record as they expand their operations.
In a recent survey Qualia conducted on title companies’ response to COVID-19, the company found that despite the broader real estate market declining, 62% of survey respondents saw order volume stay the same or increase in the first few weeks after shelter-in-place orders started. This is a result of record-low mortgage rates spiking refinances. LemonBrew has seen a 22% increase in refinances since the beginning of March.
“As a real estate platform that handles real estate transactions from the homebuying search all the way to the closing, we’ve seen housing demand and supply go down, but conversely, refinances go through the roof, and we are committed to staying open for business and supporting our partners and clients through this unprecedented time and beyond,” said Amit Doshi, COO of LemonBrew. “We are excited to work with Qualia as our title and settlement technology platform to build efficiencies, take a fresh approach to how our team handles workflow, and enable not just digital closings, but seamless contactless closings that provide us with the ability to ensure excellent service to our clients.”
Qualia’s cloud-based solution has allowed LemonBrew to mobilize its team quickly and stay connected digitally in compliance with social distancing orders. LemonBrew uses Qualia to share documents, store search work digitally, receive real-time updates on county recording office closures, and collaborate with clients and partners. With Qualia, closing packages are delivered electronically to clients and notaries, final title policies and recorded mortgages are delivered digitally to lender partners, and LemonBrew is able to create and adapt its closing process for clients quickly and without the need for additional technology builds.
“LemonBrew is a high-growth real estate technology company that is taking an innovative approach to the brokerage model, and we’re excited to play an integral role in their expansion and transition to contactless closings,” said Nate Baker, co-founder and CEO of Qualia. “With our nationwide ecosystem of real estate professionals and a cloud-based platform that has the scalability to handle high volumes of transactions, we are uniquely positioned to support and scale LemonBrew’s growth for the years to come.”