Real estate company LemonBrew has teamed up with Qualia, a cloud-based real estate closing platform, as LemonBrew expands operations and transitions toward contactless closings.
Qualia has agreed to serve as the technology platform of record for LemonBrew Abstract, the company's title and escrow division. Last year, LemonBrew launched in local markets across North Carolina and Florida, growing its reach in a total of 19 states with plans for a national expansion throughout 2020.
Despite the COVID-19 fallout early in March, LemonBrew has seen a 22% spike in refinances thanks to record-low mortgage rates. The company also said that it has experienced a 90% monthly increase in its underwriting production since implementing Qualia as its digital closing platform in 2019.
“As a real estate platform that handles real estate transactions from the homebuying search all the way to the closing, we’ve seen housing demand and supply go down, but conversely, refinances go through the roof, and we are committed to staying open for business and supporting our partners and clients through this unprecedented time and beyond,” LemonBrew Chief Operating Officer Amit Doshi. “We are excited to work with Qualia as our title and settlement technology platform to build efficiencies, take a fresh approach to how our team handles workflow, and enable not just digital closings, but seamless contactless closings that provide us with the ability to ensure excellent service to our clients.”
“LemonBrew is a high-growth real estate technology company that is taking an innovative approach to the brokerage model, and we’re excited to play an integral role in their expansion and transition to contactless closings,” said Nate Baker, co-founder and CEO of Qualia. “With our nationwide ecosystem of real estate professionals and a cloud-based platform that has the scalability to handle high volumes of transactions, we are uniquely positioned to support and scale LemonBrew’s growth for the years to come.”