SoftPro Adds Over 250 Customers in First Quarter
April 6, 2006
Business is as strong as ever in 2006 for SoftPro’s recognized closing and title production system. Even with the prime lending rate at its highest level in 5 years, the number of companies entering the industry has not been curbed. SoftPro posted the strongest first quarter revenue numbers in the company’s 22-year history, adding over 250 new customers to its ranks. “This growth can be attributed to our focus on customer service and providing a product that is both easy to use and deploy,” said SoftPro Chief Operating Officer Joyce Weiland.
Although rates have inched up recently, they are still at record lows by historical standards. With a strong business environment, new firms are able to enter into the market with confidence. “2003 was a record year for 3 year arms, with over $800 Billion dollars in loans issued. The current economy should provide another healthy marketplace for transactions, as many of these loans will be refinanced this year. We anticipate adding over 1,000 new customers for the 9th straight year, and so far we are well on our way,” said Tim Conley, SoftPro’s VP of Sales and Marketing.