The Problem
A brokerage closing 50+ transactions monthly processes 40-60 documents per transaction: purchase agreements, disclosures, inspections, appraisals, title commitments, loan docs, and closing statements. Coordinators manually extract dates and terms, verify compliance, and track contingency deadlines.
Missing a contingency deadline means losing earnest money. Title defects not caught create closing delays. Inspection flags need immediate comparison against repair provisions. Document volume creates genuine error risk.
Docsumo and Prophia parse 200+ variables in minutes for commercial real estate, reducing processing time 85-95%. The same capability eliminates error-prone manual review in residential transactions.
The Solution
The agent ingests documents as received — MLS, email, DocuSign, or upload — and performs type-specific extraction. Purchase agreements get parties, price, earnest money, closing date, contingencies. Inspection reports get flagged deficiencies with severity. Title commitments get exceptions and requirements.
Extracted data populates a transaction timeline showing every deadline. The agent alerts when deadlines approach: inspection contingency in 3 days, appraisal due in 5, earnest money tomorrow.
Cross-document validation catches inconsistencies: closing date in amendment matches lender commitment? Legal description consistent across agreement, title, and deed? Mismatches flagged before closing delays occur.
How It's Built
Productized service. Senior engineer configures ingestion from your platform, MLS, DocuSign. Extraction for state-specific forms. Deadline rules per transaction type. Setup: 2-3 weeks.
