Fee Favor Closes on Successful Seed Round
Wednesday, April 3rd, 2019
Fee Favor is revolutionizing the way real estate industry professionals connect with public records examiners by helping them order documents directly through local courthouse researchers and title companies. After years of planning and development, Fee Favor announced today it successfully closed on its seed round.
The funding will be used to support upgrades to the Fee Favor marketplace functionality and prepare for expansion across the country, said Jeff Edrington, Fee Favor founder and CEO.
“This is an important milestone for our company and I’m excited that our funders support our vision to connect and save searchers and real estate professionals’ time, money, and trips to the courthouse by connecting them all on our platform,” Edrington said.
Founded in 2016, Fee Favor is a company in the Advanced Technology Development Center’s (ATDC) Accelerate portfolio at Georgia Tech.
Using Fee Favor’s real-time software platform via its website, real estate professionals can order title searches, case research, and any necessary court documents. This platform will benefit users by saving them time, money, and trips to the courthouse.
Fee Favor’s industry-leading technology marketplace connects public records researchers and title companies at courthouses across the state of Georgia (and soon across the country) to anyone needing public records researchers’ services. The company’s service also:
Allows title searchers/companies to add additional revenue from customers that did not know they existed, collect fees up front on a searcher/title company’s behalf, and advocate for public records researchers and title company businesses by creating a marketplace for real estate professionals across the country to connect to them.
Allows title searchers/companies to upload courthouse documents and invoice directly from their mobile devices.
Gives a real-time price estimate for every product and every county in Georgia (and soon across the country).
The Fee Favor service will soon allow for commercial and residential title search orders to be placed, as well as allowing a searcher/title company to customize and automate the type of work he wants to receive from customers. “Title searchers and companies have never been recognized as the ‘customer,’” Edrington said. “We aim to change that, as they are the unknown backbone of the real estate industry.”