Loft47, a real estate commission management system, and Payload, an industry digital payment processor, have recently unveiled a new integration that is set to revolutionize real estate payment processing.
This integration is the first of its kind, catering to clients in both the United States and Canada.
The strategic partnership between these two companies allows real estate professionals to streamline their financial processes by combining Loft47’s commission management tools with Payload’s diverse payment options.
The system is fully integrated and supports various modern payment methods, including ACH, EFT, and credit cards.
‘A big step in simplifying real estate payments and boosting overall operational efficiency’
“Integrating Payload’s cutting-edge payment technology with Loft47’s state-of-the-art commission management and accounting platform provides our users with a seamless and efficient way to handle all financial transactions,” says Sasha Hryciuk, CEO at Loft47.
“This collaboration represents a significant advancement in simplifying real estate payments and enhancing overall operational efficiency.”
Benefits to real estate firms
The companies anticipate that the integration will offer the following advantages to real estate firms:
- Accept digital earnest money deposits, settlement and deposit payments, disburse agent commissions, and collect agent fees
- Manage all property transactions through a single, streamlined platform
- Ensure secure transactions with advanced encryption and compliance features
- Gain real-time insights and detailed reporting on all financial activities
- Reduce manual processes and administrative overhead with automated workflows
Melaney Loar, director of operations at Regal Realtors, shares her positive experience:
“The tools are user-friendly, saving us time and money.
Previously, we had to manage a separate system to pay our agents, and data entry errors were a major headache.
Now, with Payload’s focus on security and compliance, we can rest assured about fraud risks.”
Loar also highlights the importance of having reliable systems that can scale with the brokerage’s growth to achieve their goals.
“And the best part?
Our agents are delighted to receive their commissions the very next day.”
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