Iowa Title Guaranty (ITG), the state agency with exclusive authority to provide title coverage for Iowa real property, today announced that it has selected Qualia, the leading digital real estate closing technology company, as the platform of record for title production operations and commercial escrow services. ITG has signed on Qualia as the exclusive enterprise technology platform to manage the state’s real estate transactions and its title coverage-related activities. This is the first time Iowa has selected a vendor for its internal real estate operations.
“We have a responsibility to provide Iowa’s abstractors, attorneys, field-issuers and closers a competitive advantage in the delivery of title services,” said Lindsey Guerrero, Director of Iowa Title Guaranty. “Today’s borrowers demand convenience, transparency and accountability. Upon an in-depth review of technology options, we determined that Qualia was the only real estate technology platform that could manage the scale and complexity of the Iowa land-title system and streamline processes and integrate across functional areas to develop ITG’s next-generation title and escrow production system.”
ITG will implement the full stack of Qualia’s platform, including its core title and escrow software, as well as its Connect, Marketplace and Assure products, across 1,400 participants.
“Iowa is unique because unlike other states, it has a state-operated title agency, which is at a scale equivalent to some of the country’s most well-known underwriters,” said Nate Baker, CEO and co-founder of Qualia. “ITG conducted an extremely extensive and well-run review of software options that included a review of technology capabilities as well as industry expertise. We are honored to be selected as the real estate system of record for Iowa to help the entire state streamline and simplify the closing experience.”
To read more about Qualia and ITG, please visit our blog.
Qualia is a digital real estate closing platform that is completely redefining how homes are bought and sold by streamlining the home closing experience end-to-end nationwide and removing the stress from home buying. Qualia is a one-stop shop for every aspect of a real estate closing, bringing the entire real estate closing team (buyer, seller, title agent, lender, real estate agent) together onto one digital platform to increase understanding, visibility and efficiency. Qualia was founded in 2015 by Forbes 30 Under 30 Award recipients Nate Baker, Joel Gottsegen and Lucas Hansen. Since launching, the company has been named an ALTA Elite Provider and grown to over 200 employees. The company is a leader in industry security and is one of the first technology companies to join the Coalition to Stop Real Estate Wire Fraud. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX. For more information on Qualia’s digital real estate closing platform visit: www.qualia.com.