Real estate platform dotloop smashes through $1tn threshold

Dotloop, a real estate buying and selling platform, has now handled over $1tn in transactions since its inception in 2009.

The Cincinnati, Ohio-headquartered?business was acquired by property group?Zillow last year for $108m.

Since then it has been able to accelerate its expansion and add over 1,000 new?brokerage partners to its platform.

Monthly uploads to the platform have now climbed to over?7?million.

Austin Allison, founder and general manager of dotloop, commented: “Crossing the trillion dollar mark is not only a huge accomplishment for dotloop as an organization, but speaks to where the future of the real estate transaction is headed.

“Dotloop is on the forefront of taking the real estate transaction out of the paper era, and into the digital one with a single end-to-end solution.

“Being part of Zillow Group has really allowed us to scale our business.?Our product has rapidly developed, we have launched new features like Easy Offer, which streamlines the offer process, and enhanced our mobile experience, including launching a new app for Android.”

Dotloop’s platform, which is aimed at increasing visibility and reducing operating costs for real estate brokers, currently boasts more than 1.2 million users.

Copyright ? 2016 FINTECH GLOBAL

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