The company plans to bring the tools to potential real estate investor markets across the US
Blueprint Title, a title and escrow company, has launched a proprietary digital platform that features smart tools and transparent pricing for real estate investors, builders, and REITs.
The digital platform gives buyers and sellers access to e-signature transactions and smart-document management. Blueprint Title currently operates in more than 10 states and plans to use its early-stage funding to expand to 25 states by the end of 2020.
Blueprint Title recently raised $8.5 million in a Series A funding round led by Santander Innoventures, along with Greycroft, Liberty Mutual Strategic Ventures, Mucker Capital, Tribeca Early Stage Partners, and others.
"Real estate investors aren't home-buying consumers. They need quick, affordable, and turnkey closings to consistently buy and sell property," said Blueprint Title CEO and founder Steve Berneman. "At Blueprint, we're meeting this need by reimagining the closing process with professional buyers in mind, using technology to deliver cost savings to an expanding buyer category."
In addition to the launch, the company announced that Michael Anderson has joined its leadership team as chief technology officer. Anderson will support Blueprint’s efforts towards simplifying the closing process through smart templates, client-facing portals, tech-assisted risk analysis, and a suite of API offerings.
"We see a lot of opportunity at the cross-sections of insurtech and real-estate tech. Blueprint Title's service offering is well-timed with the increasing market need for alternative closing solutions for real estate investors," said Chris Gottschalk, senior advisor at Santander Innoventures. "With Blueprint's experience in law, technology, and real estate, the company is well-positioned to innovate the closing process for repeat real estate buyers."
