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VODII Collaborates with Factom Inc.

digital lendingAustin-based Vodii, a software company delivering easy-to-use software solutions for the title and escrow industry announced that Edina Realty Title, a Berkshire Hathaway Company, will be their first customer to implement TxM GlobalSign. This software module allows real estate closing documentation to be digitally signed and notarized to simplify and secure communication between closing agents and all stakeholders of a real estate transaction. TxM GlobalSign is part of Vodii’s TxM Software Suite, a white-labeled, SaaS, web-based transaction management application that leverages Factom’s Harmony Blockchain-as-a-service technology to protect document integrity.

“Our customers’ experience is paramount and must consistently instill confidence and trust throughout the buying or selling process,” said Brad Fisher, President of Edina Realty Title. “TxM GlobalSign uses Factom Inc.’s Harmony BaaS technology to improve our customer’s experience, while also boosting the security of our services, increasing our team’s productivity, and preserving precious natural resources. We can’t wait to launch!”

TxM GlobalSign was developed in response to the evolving legal and regulatory requirements to accept electronic signatures and notarization. Factom Harmony allows TxM GlobalSign to create an audit record of activities, data, events, and decisions to help improve efficiency and security.

“It’s important that someone buying or selling a home can trust their team and the process,” said Matt Regan, Founder & CEO of Vodii. “In partnership with Factom Inc., we are proud to have developed an experience that raises the bar for convenience, reliability, and security.”

“The real estate services industry is the first use case where we expected the Factom Harmony products to be applied,” said Laurie Pyle, COO of Factom Inc. “In our partnership with Vodii, we’re creating a new industry standard for borrower and seller protection surrounding one of the most important transactions of their lifetime, while also providing additional value to originators and underwriters through the creation of verifiable and independently auditable blockchain records.”

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at donna.joseph@thefivestar.com.
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