REASI Launch Takes Aim At Antiquated Real Estate Escrow Process

REASI is targeting the inefficiencies of traditional escrow; introducing a blockchain-based application to digitize the process. In so doing, the developer aims to eliminate many of the inefficiencies and vulnerabilities of an important phase in the traditional real estate transaction.


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REASI is a mobile application which enables real estate brokers to close home transactions from their smartphones or tablets. Vendors and customers collaborate in real time using a secure workspace where closing documents and client escrow deposits are integrated. One of the first technologies to elevate the escrow function to a single, cloud-based platform, REASI uses blockchain to digitize and streamline the traditionally cumbersome process. The result is a transparent, convenient and simplified escrow process.


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REASI Co-Founder and CEO John Kang believes that innovation in the escrow process is long overdue, especially when it comes to the severe chokepoints common to traditional escrow. “The way we as an industry do escrow is completely out of alignment with consumer and participant expectations,” he said.  “Unfortunately, the existing model takes what should be a background function and, by means of unnecessary delay, error and vulnerability to fraud, plunks it in the middle of what really should be a painless transaction. As a result, the buyer, the seller, the REALTOR…all spend way too much time and money worrying about something that shouldn’t even have to be noticed.”  


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Kang further asserts that REASI puts escrow back where it belongs—in the background—by eliminating avenues to wire fraud; simplifying the process and eradicating unnecessary errors. “REASI was designed to help all parties achieve their true goal–a completed real estate transaction—without unnecessary cost, delay or stress. We want the buyer to get the keys faster; the seller to move the property faster and the REALTORS and mortgage lenders to have satisfied clients as a result.”


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REASI is the developer of a unique, application-based platform which simplifies the processes that power the real estate transaction. REASI digitizes home buying, using blockchain as its autonomous escrow agent.  By streamlining home closings, REASI reduces frustration for a $10 billion escrow industry plagued by expensive fees and wire fraud.  With REASI, REALTORS become one-stop-shops for home buyers, offering ironclad security and a better customer experience.  The technology seamlessly unites complex escrow requirements, buyer deposits and legal documentation in a fraction of the time of the antiquated traditional escrow process.