TopAppsForAgents

8 Popular Apps For Realtors

Looking to incorporate more technology into your business? These 8 apps can help.

  1. Pacific Coast Agent 3.0 – The ultimate netsheet app that makes crunching numbers a breeze. Generate buyers and sellers estimate instantly.
  2. Pacific Coast Instant Profile – Master you farm area with our app that allows you to pull property information, sales comparables, and also create a walking farm.
  3. Cam Scanner – With CamScanner, they can use a smartphone camera to scan anything and convert it to a PDF file.
  4. RPR Mobile – RPR lets you create branded reports with your logo, photo and contact information and easily share them.
  5. Open Home Pro – Open Home Pro will help take the “pen” out of your next open house with their feature-packed paperless open house app.
  6. Slack – It’s a group-messaging app that features file sharing, calling, channel-based organization and more.
  7. Word Swag – Add descriptions to listing photos or share inspiring stats, quotes, etc., as an image overlay to make your messages more relatable, digestible, and memorable.
  8. Evernote – This note-taking app makes note-taking easier by allowing you to make lists, take notes, and snap photos in a single app.4

Got questions about our Pacific Coast Agent 3.0 or our Instant Profile? Ask us today.

TitleTalk

Title Talk: Closing Protection Letters

TitleTalk

WHAT IS IT?
Essentially, a Closing Protection Letter (CPL) is an agreement from a title insurance company to a lender that protects the lender against any issues arising from a closing agent’s errors, fraud or
negligence. It covers escrow activities and services performed by the settlement agent.

 

WHY IT’S ISSUED?
Historically, lenders were looking for an insurance product that would cover them for the risks associated with having the settlement agents perform the closing that had the same financial backing as the title policy. Since the 1960’s, lenders have been concerned about the lack of protection provided to them against several issues including: fraudulent action, failure to comply with the lender’s closing instructions, and closing agents/attorneys contracted by the title insurance company to handle the closing, but are not employed by the title company. The CPL assures the lender that their instructions for closing the transaction are followed by the title insurers agents, and that the funds given to the title insurance agent have been disbursed according to the terms of the transaction, and that it’s backed by the financial strength of the issuing underwriter.

 

IS THE CPL NORMALLY REQUESTED?
Yes, it is a very common request, and quite often is required in any transaction that has a title settlement agent involved. Today’s uncertain economic climate has necessitated the need for lenders to request the CPL. They are important to lenders for another very practical reason: the CPL provides vital protection to the financial institutions that purchase mortgages in the secondary loan market as those secondary lenders do not have agents at the closing table and do not have an opportunity to oversee the closing process.

 

WHAT DOES IT COVER?
The typical CPL covers the following:
1. Failure to follow written closing instructions
2. Fraud or dishonesty in handling the lenders funds or documents
3. Negligence of the settlement agent

 

IS THERE A STANDARD FORM?
Yes, the American Land Title Association (ALTA) has standardized the CPL across the nation, and in California, many title insurers have adopted the standard form.

 

WHAT ELSE SHOULD I KNOW?
The CPL has a capped liability of the face amount of the title policy issued in the same transaction and the coverage contained therein is contingent on the title policy being issued. The lender has a limited time in which to file a claim once the letter is issued, typically 90 days. Claims against the CPL are on the rise as lenders look to minimize their loss and spread the loss out that they have incurred.

CreateWalkingFarm

Create Your Own Walking Farm

Create Your Own Walking Farm

Simply Choose Your Area & Start Walking!

It’s that easy.

Spring is here and the door-knocking season is in full effect. Many agents are looking for the right set of tools that can help them achieve success in their door-knocking efforts. Look no further than our Pacific Coast Instant Profile app. It has all the features needed to create a walking farm within seconds. Below are some of the features that our awesome app offers:

  • AERIAL VIEW

  • ADD FILTERS

  • CALCULATE TURN OVER RATIO

  • DRAW YOUR WALKING ORDER

  • CLASSIFY CONVERSATIONS

  • MAKE NOTES

  • EXPORT in PDF or CSV

  • CREATE MAILING LABELS

WANT A DEMO? CONTACT US TODAY!

MonthlyAffordability
Video

Monthly Affordability Calculator

Do you want to show your clients how much home they can afford based on their desired payment? Look no further than our Pacific Coast Agent 3.0

Checkout this quick tutorial. Let us know if you have any questions.

BuyersEstimate (1)
Untitled-1

Farming: Choosing the Right Area…

FARMING: Choosing The Right Area

While we can’t promise you’ll close 7 figure deals, in this article we’ll tell you everything you need to know to choose and dominate a farm area. Think of your marketing efforts (and dollars) as seeds that you sow on your farm. Like a real farm, there are two essential elements to a bountiful harvest–you need to nurture your planted seeds by watering them, pulling weeds, and applying pesticides, and you need TIME. If you’re expecting overnight success, real estate farming is not for you.

1. STAY CLOSE TO HOME
If you’re just getting started, then working a farm area close to home is probably your best course of action. In fact, the neighborhood you live in is probably one of your best options. Since it can take a significant amount of time to see a decent return from your farm area, your choice is very important.

2. DO YOUR RESEARCH
Of course, being close to home isn’t the only criteria to choosing the right farm area. Another important
element to choosing a farm area are local demographics. Such as: avg. income, avg. age,
# of large employers, types of homes in the area, local amenities, & transportation options.

3. CHOOSE WELL DEFINED BOUNDARIES
In the past few years gentrification has pushed the boundaries of certain neighborhoods just a bit and with people calling these new areas by different names its important to be aware of what thye names & boundaries are.

4. MAKE SURE IT’S THE RIGHT SIZE
In real estate farming, size matters. You need to make sure the area is large enough to ensure a decent
turnover, but small enough that you can build a name for yourself and consistently return to. Frequency is a large part of the farming equation.

5. RUN THE NUMBERS

Using tools like our Sales Activity Report & Carrier Route Analyzer can help you analyze each of your desired farm areas. Let our reports help you achieve farming success.

LET’S SET A FARMING APPOINTMENT TODAY!