Circle the People Description
Circle is the first ever real estate transaction communications tool that brings multiple parties together for direct, up-to-the-minute status reports and conversations that are normally hindered by technical glitches, corporate firewalls, and current software and communications limitations. Circle is a simple and intuitive tool that provides all parties involved in a transaction with real-time status of all outstanding milestones, items, and issues.
Circle will break down the old way of doing business, promote transparency, increase productivity, improve the bottom line, allay worries, and speed up the transaction process.
No longer will clients have to ask, "What's going on? What happens next?”
Circle is a new way of visualizing and simplifying the old and complicated problem of keeping track of all the contacts, roles, steps, assignments, communications, documents, and most importantly, status of a collaborative transaction team workflow. Circle supports any transaction-oriented industry but excels in complicated multi-person workflows such as real estate transactions, event planning, and construction projects. In a real estate transaction, many team members -- agents, brokers, lenders, title attorneys, escrow officers, appraisers, banks, home inspectors, pest inspectors, contractors, engineers, stagers, painters -- must collaborate to produce a successful result. Everybody involved has their own role and their own job to do, receiving input and providing their work product to the team. But until now, all those team members worked in the dark with no bird’s eye view of the overall transaction status and how their role fits into the process. Most importantly, the buyer's and seller's agents had to waste valuable time polling team members for status to discover and resolve bottlenecks in the process that could spell the difference between success and failure.
Here's how it works:
Circle extends and augments the transaction coordinator liaison role by providing a single point application that is an inexpensive, easy to learn, and easy to use tool accessed by all the team members to provide real time status. Circle shows colored status in real time for any transaction, or any point in each transaction, which needs immediate attention. Circle is designed from the ground up to help identify, prevent, and eliminate or quickly resolve issues such as escrow fraud, wire fraud, lender issues, buyer issues, repair issues, EMD issues, contingency issues, and communications lag. This allows agents to focus on client service and facilitating the transaction completion rather than wasting time collecting status reports, thus saving valuable time and overhead on administrative expense.
The originating real estate agent simply downloads the Circle app on their smartphone. When a new escrow opens, the Circle subscriber Creates a New Circle, Circle automation takes over and streamlines the whole process for all other parties to the transaction (clients, lender/loan processor, attorney, transaction coordinators, etc.) are added, given download links to join in.
All action task items are flagged in the app via a set escrow timeline. Circle notifies the responsible party or parties via an alert that there is a task requiring their immediate attention or is past due. With the tap of a screen, each party acknowledges receipt of each communication and task completion. Circle timestamps each party's acknowledgement of each action item and tasks. When escrow closes, all parties including the Broker can download a PDF of the entire Circle communication thread and add it to their transaction file as a complete record.
Following close of escrow, Circle will contact all parties to provide a 0–5-star rating of the professionals involved in that transaction. This unique feature adds an incredible opportunity for users and companies to strive for Circle's 5-Star Rating, which will be a popular marketing feature for any success minded agent or lender.
Circle will break down the old way of doing business, promote transparency, increase productivity, improve the bottom line, allay worries, and speed up the transaction process.
No longer will clients have to ask, "What's going on? What happens next?”
Circle is a new way of visualizing and simplifying the old and complicated problem of keeping track of all the contacts, roles, steps, assignments, communications, documents, and most importantly, status of a collaborative transaction team workflow. Circle supports any transaction-oriented industry but excels in complicated multi-person workflows such as real estate transactions, event planning, and construction projects. In a real estate transaction, many team members -- agents, brokers, lenders, title attorneys, escrow officers, appraisers, banks, home inspectors, pest inspectors, contractors, engineers, stagers, painters -- must collaborate to produce a successful result. Everybody involved has their own role and their own job to do, receiving input and providing their work product to the team. But until now, all those team members worked in the dark with no bird’s eye view of the overall transaction status and how their role fits into the process. Most importantly, the buyer's and seller's agents had to waste valuable time polling team members for status to discover and resolve bottlenecks in the process that could spell the difference between success and failure.
Here's how it works:
Circle extends and augments the transaction coordinator liaison role by providing a single point application that is an inexpensive, easy to learn, and easy to use tool accessed by all the team members to provide real time status. Circle shows colored status in real time for any transaction, or any point in each transaction, which needs immediate attention. Circle is designed from the ground up to help identify, prevent, and eliminate or quickly resolve issues such as escrow fraud, wire fraud, lender issues, buyer issues, repair issues, EMD issues, contingency issues, and communications lag. This allows agents to focus on client service and facilitating the transaction completion rather than wasting time collecting status reports, thus saving valuable time and overhead on administrative expense.
The originating real estate agent simply downloads the Circle app on their smartphone. When a new escrow opens, the Circle subscriber Creates a New Circle, Circle automation takes over and streamlines the whole process for all other parties to the transaction (clients, lender/loan processor, attorney, transaction coordinators, etc.) are added, given download links to join in.
All action task items are flagged in the app via a set escrow timeline. Circle notifies the responsible party or parties via an alert that there is a task requiring their immediate attention or is past due. With the tap of a screen, each party acknowledges receipt of each communication and task completion. Circle timestamps each party's acknowledgement of each action item and tasks. When escrow closes, all parties including the Broker can download a PDF of the entire Circle communication thread and add it to their transaction file as a complete record.
Following close of escrow, Circle will contact all parties to provide a 0–5-star rating of the professionals involved in that transaction. This unique feature adds an incredible opportunity for users and companies to strive for Circle's 5-Star Rating, which will be a popular marketing feature for any success minded agent or lender.
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