Online Closings
From Commercial Investment Real Estate
September/October, 2001

SettlementRoom provides online transaction management and archiving software for commercial real estate settlements and loan transactions. The host user sets up an account and inputs closing information. Each transaction has its own secure Web site with property details, closing dates, message and document information, and contact lists. All parties can access the site, input changes, and post or receive documents. Once the transaction closes, the information is archived on a CD-ROM, which is mailed to the account host. The cost is $29.95 per transaction, with a minimum order of 10 transactions. Contact SettlementRoom in Falls Church, Va., at (877)914-1900 or http://www.settlementroom.com/.