Milestones, a portal allowing consumers to buy, move, own, sell, manage and access mortgage services for their home, announced its product is now licensed to 250,000 real estate agents and loan officers, and their customers.
Real estate brokers, mortgage lenders, title companies, franchises, Realtor associations and multiple listing services partner with Milestones to offer the service to agents, the company said.
“Offering excellent technology tools and marketing support for our agents has allowed our firm to outperform the marketplace in the competitive landscape of Orange County, Calif.,” said Michael Hickman, CEO of Seven Gables Real Estate, in a release. “The one missing piece in the technology stack of all brokers is to deliver a collaboration platform that combines the real estate agent, loan officer, and title company together to serve the client during the buy-sell-transact and move process. Milestones wins, where transaction management solutions fail.”
Hickman added he had five separate software applications to perform functions now consolidated into the single Milestones platform.
Milestones monitors the value of a home, provides search for homes for sale and manages both the selling and mortgage processes. Tech also allows agents to communicate with clients after the sale to provide updates on nearby listings and sales that impact the value of their home.
The loan officer joins the agent in the portal to deliver home value estimates and monitor the interest rates on their home to ensure they have the best terms and access to home equity. The title and transaction records are stored in Milestones. If the client needs maintenance or repairs on their home, they have access to the service providers recommended by the broker, agent and loan officer along with a directory.
“We invested three and a half years in stealth mode building Milestones before we showed it to anyone,” said Milestones CEO Dustin Gray. “In July of this year, we closed our $10.3 million Series A investment round to fund our go to market strategy and were able to bring on two key executives in Mike Malinowski as our chief operating officer and Ashley Terrell as our chief revenue officer. The two deserve a lot of the credit in getting us to 250,000 subscribers in less than 160 days. This may be a high watermark for adoption in the real estate and mortgage software industry.”