Real Estate
When the real estate team is closing transactions that involve lenders, borrowers, investors, diligence officers, buyers, and sellers, attention to even the smallest detail is essential. Regardless of the deal size, the process can be challenging to navigate due to this rapidly changing legal environment that spans multijurisdictional issues.
Controlling Due Diligence
Due to the substantial size of these transactions, careful diligence is required. This process involves the review of large sets of documents by many different parties.
Managing Signatures
Creating signature pages for all documents that need to be signed, and compiling, sending, and tracking signature packets for each signer takes time away from higher-priority work.
Creating Custom Closing Books
When multiple parties are involved in a deal, there are piles of documents and unique versions of closing books that need to be made. Closing book creation can take hours to weeks.
Managing Checklists
Manually updating large checklists and sending and receiving documents through email makes it difficult to keep track of all versions and deliverables throughout the closing process.
Run a Perfect Real Estate Deal
Convert the manual, tedious process of managing transactions into a secure collaborative workspace with Litera Transact.
Whether you are working on secured or unsecured lending, commercial developments or investments, acquisitions or dispositions—Litera Transact can help you efficiently manage the entire process from due diligence to closing.
Automate Steps
Remove approximately 70% of the steps in the deal process, which reduces write-offs and allows legal teams to focus on higher-value work.
Enhance Collaboration
Centralized diligence and closing checklists make it easier to communicate with all parties by providing real-time updates.
Increase Productivity
Save 60–80% of time spent managing the signature process and create large closing book sets in minutes.
Mitigate Risk
Protect clients’ information by sharing documents within a secure platform and ensure collection of all final executed documents.