First American And Lone Wolf Real Estate Technologies Form Strategic Partnership
July 29, 2005
Lone Wolf Realty Management System Now Integrated With First American’s Transaction Manager
SANTA ANA, Calif., – First American Residential Group, Inc., a member of The First American Corporation (NYSE: FAF) family of companies, has formed a strategic partnership with Lone Wolf Real Estate Technologies to deliver an industry-leading, integrated real estate transaction management solution for their joint customers. Through the integration of First American’s transaction management platform and Lone Wolf’s broker accounting and administrative system, customers will now have the ability to seamlessly transfer transaction data electronically from First American’s Transaction Manager into the Lone Wolf Realty Management System.
“We are impressed with First American’s transaction management system and we believe that they are on the right track with the products with which they currently interface,” said Lorne C. Wallace, president, Lone Wolf Real Estate Technologies. “Adding our back office system into the flow is going to complete a puzzle that has challenged the industry for years and will help to streamline the administrative functions in a real estate brokerage.”
The Lone Wolf Realty Management System is a complete back-office management platform that brings all facets of a real estate company’s administration and accounting functions together into a single, fully integrated, real-time system. Used by real estate companies in more than 2,100 offices across North America, the Lone Wolf software generates listings and transactions, closings and commission checks, accounts payable and agent billing, month-end reporting, financial statements and more. The ability to easily transfer data between First American’s Transaction Manager and the Realty Management System helps customers automate manual tasks and increase their efficiency, thus mitigating the risk of data-entry errors and moving the industry one step closer toward single point entry.
“First American continuously searches for new and improved ways of increasing productivity for real estate professionals,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “By partnering with Lone Wolf and integrating Transaction Manager with their Realty Management System, we are able to offer real estate professionals a means of simplifying processes that saves time and money. This is a great solution for our joint customers.”
First American’s Transaction Manager provides an integrated set of tools that supports real estate professionals throughout all phases of the real estate transaction, from listing to closing. A proven, fourth-generation platform, Transaction Manager is an easily configurable system offered through multiple listing service (MLS) and broker distribution channels. In addition to offering configurable solutions specific to each constituent, this mature, open application provides access to a variety of vendors integral to the real estate transaction, a common data repository, private branding and role-based security throughout. There are currently more than 80,000 registered users on the Transaction Manager platform.
Source: First American Residential Group, Inc.