Proptech firms Search Acumen and Avail have announced a partnership aimed at digitising the real estate sector by combining their property data and title document risk analysis expertise.
The collaboration will offer real estate lawyers a one-stop-shop to streamline property transactions.
Search Acumen’s end-to-end digital due diligence platform provides access to over 500 layers of property data, while Avail Title’s AI-enabled platform generates detailed legal risk reports from registered title documents.
The partnership is expected to save an average of nearly 130 hours per month for each law firm through automation, significantly increasing productivity.
Andrew Lloyd, managing director at Search Acumen, said: “We are delighted to have entered into such an important and impactful partnership with Avail Title. Using our combined strengths in property data and title analysis, we are able to provide lawyers with a platform that can transform the way that they work.”
“The property industry, to its detriment, has always lagged behind other sectors in embracing technological advancement. Its use, specifically AI, is a vital and integral part of transforming the way the property industry functions, bringing it in line with other sectors. The integration of our offerings is another step towards our goal of achieving digitalisation in the property sector. This aim is echoed by Avail Title, and we are excited to work together to continue striving to achieve this.”
Dom Conte, Avail’s chief product officer, added: “We are really excited to unveil our collaboration with Search Acumen, a partnership that will play on the strengths of both companies to deliver a comprehensive and genuinely helpful product to real estate lawyers.”
“Avail Title has been developed by lawyers, for lawyers, so we hold a deep understanding of what is needed to minimise their workload. Our expertise and tailored product, combined with Search Acumen’s deep sector experience and innovative platform, will deliver a game-changing product for real estate lawyers.”
