MRI aims to further simplify the transaction lifecycle and contract management process for real estate professionals and consumers
Solon, Ohio – January 24, 2024 – MRI Software, a global leader in real estate software solutions, today announces the next generation of CTM eContracts, MRI’s electronic contract and transaction management solution serving Colorado’s real estate market. The CTM application, which already delivers broad functionality to a wide range of clients in the industry, is undergoing significant enhancements to deliver an even more comprehensive, next-generation solution to the market.
As part of its commitment to growth and advancement in this space, MRI welcomes eGent, a Denver-based transaction management software provider, to the MRI family. Launched in 2020 with the goal of making the real estate contracting process straightforward and efficient, eGent has developed a modern, easy-to-use interface that delivers a single, comprehensive view for all transaction stakeholders in a centralized location.
The eGent acquisition will accelerate MRI’s time to market with its next-generation contract solution. Clients can expect to keep the robust functionality to which they’ve become accustomed from the CTM application while enjoying a sleeker, more intuitive user interface, including a “Simple View,” which converts state-approved forms into an easy-to-follow format with line-by-line contract explanations in layperson’s terms. This, amongst other product innovations, will allow both agents and consumers to move more quickly and confidently through the transaction lifecycle.
“We’re pleased to announce the expansion of our contract management capabilities and the acquisition of eGent,” said John Ensign, MRI Software President and Executive Managing Director for North America. “Over the next several months, our teams will work closely together to create a unified, industry-leading solution that leapfrogs anything the market has seen. We believe this will facilitate client-centric, one-of-a-kind transaction experiences and look forward to sharing more later this year.”
As part of the acquisition, eGent Founder and CEO Zach Garfias will join the MRI team and retain a leadership role with the company. “I began my career as a real estate agent and understand how complex transactions can be for all involved,” said Garfias. “Since the beginning, eGent’s mission has remained the same: to simplify complex real estate processes through innovation. We’re equipping agents with unique tools to deliver a higher quality of service, giving consumers confidence through transparency, and helping managing brokers allocate their time more efficiently. Today, our journey continues, and I’m looking forward to collaborating with MRI to drive our mission forward.”
Colorado real estate leaders have responded positively to the news.
Jon Goodman, real estate attorney at Frascona, Joiner, Goodman and Greenstein, P.C. and Colorado real estate educator for nearly 40 years, said, “I am so excited to see the market leader, CTM eContracts, come together with an innovative solution like eGent. I believe this will be a significant step forward for the Colorado real estate market.”
Alan Smith, Chairman of REcolorado and Owner of RE/MAX Professionals, said, “Combining eGent’s innovation with the power and market presence of CTM eContracts is brilliant and will dramatically benefit the Colorado market. This is the contract answer we’ve all been waiting for!”
About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.
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