Transcending the Barriers Between Real Estate and Mortgage
gard,” says Fessenden. “But over the past year especially, we’ve come to see how important technology is in this space—and how it will be even more so going forward.” To that end, Fessenden and his team are laser-focused on marrying what historically tend to be siloed efforts and operations within the PROPERTYBASE LEVELS THE PLAYING real estate transaction. FIELD IN A COMPETITIVE MARKET Working toward this goal begins By Paige Tepping with codifying relationships across the transaction. “It’s not like real estate n a mission to transcend the barriers between professionals, mortgage proreal estate and mortgage, Propertybase—a fessionals and others in the transaction aren’t talking to global real estate and mortgage software each other,” says Fessenden. company—is working to bridge the gap among the “But their conversations are various players involved in a real estate transaction taking place outside of the in order to provide everyone involved, but especially systems, and it’s not someconsumers, a more streamlined experience. thing they’re utilizing software for.” Fessenden Creating these relationships Leading the helm is Chief Product Opening the Lines of and finding ways for those involved Officer Tim Fessenden, who has Communication in the transaction to connect with the been in the software business for the “From a technology perspective, Propertybase network, which has past 25 years. real estate has always been a lag- close to 300,000 end users across
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50 July 2021 RISMedia’s REAL ESTATE
