Collaborative Workspace DotLoop, Launches 18 Real Estate Offices on Home Turf

Local Innovation Award Winner, DotLoop Gains Further Traction in Ohio with Rapid Growth and High Adoption Rates. End Quote

Cincinnati, OH-KY-IN (1888PressRelease) May 10, 2011 - Real Estate professionals in the state of Ohio will close more deals, more efficiently with DotLoop's collaborative workspace. Headquartered in Cincinnati, DotLoop will power 18 Ohio real estate offices in the month of May with technology that's paving the way for a truly collaborative transaction within the industry.

With a growing number of users throughout the country, DotLoop now brings the technology to the real estate professionals in its own backyard. Ohio real estate agents understand the need to leverage technology for a more satisfying client experience and DotLoop will provide that for the 18 new offices this month.

DotLoop has experienced growth in Ohio in conjunction with their national expansion by way of powering new brokerages and acquiring partnerships with local associations and real estate boards including the Columbus Area Board of REALTORS® and the Cincinnati Area Board of REALTORS®. DotLoop's partnerships in Ohio, in addition to powering individual real estate brokerages have helped to build a strong local presence.

In response to their success, the Cincinnati USA Regional Chamber recently recognized DotLoop as the IT Innovation Award winner for their easy to use product and rapid growth. The DotLoop team is honored by the award and excited to bring simplicity to more users in its home state.

As a whole, the real estate industry is lagging in adopting new technology. Homebuyers are now constantly connected to the online world via smart-phones, tablets or computers. With constant connectivity comes the demand for an online platform where buyers and sellers can share, adjust and electronically sign documents in real time from their fingertips.

According to The National Association of Realtor's "Profile of Home Buyers and Sellers 2010," about 90 percent of home buyers are using the internet to begin their home search. With home buyers already online, DotLoop invites both buyers and sellers into one collaborative workspace where a seamless, paperless transaction can be completed from start to finish.

"It saves me and my clients two hours of our personal time per signature." Said Jon Bowling with the RE/MAX Preferred Group of Southern Ohio. "It expedites the process of getting signatures. Depending how you look at it, it could mean the difference of getting a signature at 1 pm or 5 pm (once my client gets off work). My clients sign contracts at work in seconds."

DotLoop was founded by REALTORS® for REALTORS® to help facilitate simpler transaction for both agents and the clients. Real estate agents notice their clients are demanding an online platform to complete a transaction and they are realizing DotLoop's collaborative workspace is the solution.
With a successful national expansion underway, agents are adopting the DotLoop system at a rapid pace throughout the nation. In the month of May, DotLoop will also increase users in Kentucky, Florida, New Mexico, Texas, Mississippi and Louisiana.

About DotLoop

Headquartered in Cincinnati, Ohio, DotLoop is transforming the real estate industry by providing a collaborative workspace where any real estate agent can share and sign transaction documents. As the leading provider of collaborative negotiation services, DotLoop is available to service all real estate professionals throughout the United States and Canada. The innovative DotLoop platform is a collaborative, wholly web-based negotiation platform that lets users add, adjust, approve, and sign documents digitally - addressing the challenges of security, efficiency, and overhead costs in today's real estate industry.

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