SAN FRANCISCO, Calif. -- October 8, 2024 — Qualia, the leading digital real estate closing platform, today announced the launch of the Qualia Bank Partner Network. Through this network of top-tier escrow banking institutions, Qualia helps title & escrow companies offset operational costs while increasing efficiency and security via robust bank integrations. These companies also receive specialized support from dedicated banking divisions who understand the specific needs of the industry.

Since the inception of the program in 2019, Qualia customers have saved over $20 million in bank fees and technology costs. Now, with the launch of an expanded network including BankUnited, Capital Bank, and new partners, Citizens, Encore Bank, and Emigrant Bank, title & escrow companies can expect to receive even more significant cost savings, alongside greater choice. By banking within the Bank Partner Network, these companies will earn substantial credits that can be used to cover bank fees and eligible Qualia products or services.

"As a result of working within the Qualia Bank Partner Network, we expect to save $80k in bank fees and technology costs annually,” said Jim Janson, Senior Managing Partner at Title Professionals Group. “By operating in one system instead of two, the time savings will add up significantly over the course of thousands of files."

When working with banks who do not integrate with their title production software (TPS), title & escrow companies often must revert to disjointed and manual processes. Switching between their bank portal and their TPS can lead to error-prone wire transfers that may result in higher labor expenses and potential financial loss. With the Bank Partner Network, these companies can access direct integrations for wires, earnest money deposit collection, automatic clearing, and positive pay.

“The launch of the Bank Partner Network is a significant step forward in Qualia’s mission to connect key stakeholders in the real estate transaction,” said Jackson Reynolds, Vice President of Corporate Strategy, Qualia. “By integrating title & escrow companies directly with our Bank Partner Network, we’re not only enhancing the speed and security of their closing workflows but also supporting our clients in maximizing their banking relationships.”

Banks in the Bank Partner Network offer a title-specialized banking team, ready to serve the needs of the industry. In addition to understanding the intricacies of the closing process and how title & escrow companies work through Qualia’s products, these banks will also offer extended wire availability windows to their title & escrow customers, along with other title-specific features and tools.

To learn how you can maximize your bank partnerships, visit qualia.com/banks, or find the Qualia team at ALTA ONE from October 15-18, 2024.

About Qualia

Qualia is the leading comprehensive digital closing platform used by title, escrow, real estate and mortgage lending professionals to transform home buying and selling into simple, secure, enjoyable experiences for millions of homeowners each year. The Qualia platform provides a secure system of record for the real estate settlement ecosystem through a suite of workflow, accounting, reporting, and collaboration products as well as its expansive product and service integrations. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX, and Superior, CO. For more information on Qualia, visit www.qualia.com.

Contact: Greg Schneider, Chief Marketing Officer
press@qualia.com