Fintech Launches Cloud-based platform for Title Searches
August 19, 2021
Washington, D.C.-based fintech company WahooCloud announced the launch of its cloud-based platform as a service (PaaS) software aimed at digitizing the title search and payment process.
“The title industry has notoriously been slow to adapt to modern technology,” said Jim Long, Wahoo co-founder and CEO. “Classic title searches happen inside a courthouse, with abstractors sifting through old documents and files to conduct research on land records and title histories. It is a tremendously fragmented system: each locality has its own way of doing things, and many courts are still paper based. Wahoo simplifies all that. We digitize and hold records on the industry’s first fully cloud-based platform.”
The proprietary technology doubles as both an information database and client management system, while bringing “gig-economy” payment processing to the industry, according to Long. Users can find, hire and pay abstractors within hours of needing a title search done, the company said in a release.
“Title research is a busy, intricate business, and demand is at an all-time high. But payment has historically been a slow process, which clogs up the pipeline and restricts the entire work-flow process,” said Greg Flynn, Wahoo co-founder and chief technology officer. “The idea behind Wahoo’s Post & Paid technology is to make that whole process work better for all involved, delivering high quality title work to clients more quickly, and expediting payment to abstractors’ for their quality work.”
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