The use of technology to review contracts is already rising fast in the legal services industry but a Vancouver firm hopes to find traction in the real estate industry.
Eli Technologies has claimed a world first with its artificial intelligence (AI) powered condo and strata document review platform which helps real estate professionals to review and uncover potential issues.
Using machine learning, the Eli Report platform can review years of documents and data within minutes.
“We recognize that is one of the largest and most important purchases an individual can make, especially first-time home buyers,” says Jamie Hankinson, CEO of Eli Technologies. “A proper review of the strata documents can be very time consuming and complex, but is an essential part of the condo purchase process. We are excited to launch Eli Report in B.C. so real estate professionals can use the platform as a second set of eyes to identify potential concerns, allowing them to elevate their level of service, and better inform their clients.”
The platform has been in beta testing since last year but now has over 500 realtors across 75+ brokerages in Metro Vancouver and Victoria registered and is now available to all realtors, mortgage brokers and property managers throughout British Columbia.