A successful real estate closing involves many steps and large amounts of information. It also requires that multiple parties all remain in the loop and well-informed. Buyers, sellers, real estate agents, and title companies must all work together, which means a good communication strategy needs to be in place. Because the title company acts as a kind of intermediary during the process, they’re in a unique position to facilitate effective communication.
Unfortunately, this can be hard to achieve. That’s why more and more title companies have started turning to tech tools like a virtual closing assistant to help out. If things keep falling through the cracks at your title company, you need to take measures to improve the way you communicate. Keep reading to learn why this is important and how a virtual closing assistant can help.
Deadlines Are Crucial
To keep the sale of a home moving forward, there are many deadlines each party must meet. Many home buyers aren’t aware of the list of things that need to take place before moving to the next step in the closing process. Things like an inspection, necessary repairs, and a title search must all be completed on time. If they’re not, a closing may end up getting put on hold. A virtual closing assistant can help ensure everyone stays on the same page. A title company’s clients can interact with the assistant to get both simple and complex questions answered, even if it’s 3 AM.
Educating Clients is a Must
The more a home buyer knows about a real estate closing, the smoother the process will be. If a title company can fill gaps in their clients’ knowledge, it will benefit all parties involved. This is an area where a virtual closing assistant can shine. These tools allow clients to communicate with a title company via their desktop or smartphone to get the information they need. If they have a question in the middle of the night, it’s no problem. The virtual assistant never stops working. Providing this high level of communication will ultimately lead to better customer satisfaction, which is important in today’s competitive marketplace.
Collectively Working Toward the Same Goal
The buyer, seller, real estate agents, lender, and title company all want a closing to go through as planned. However, every party has a different role to fill. It’s imperative that all these moving parts come together as one, which can’t happen without an effective communication strategy. A title company with a virtual closing assistant in place can offer this tool to everyone involved. All parties should know they can reach out to the virtual assistant for questions and document retrieval. This will reduce phone calls coming into the title company so closing agents can focus on complex issues and concentrate on moving a closing forward.
Streamlining Your Communication Strategy Today
Don’t let poor communication make things harder on your agents and clients. Refine your strategy by integrating a virtual closing assistant into your operation.
Alanna.ai develops flexible software for the title industry. Learn more about how we can help you.