Porch Group, Inc., a leading vertical software company reinventing the home services industry, announced the addition of a new module to its suite of software solutions provided to home inspection companies through its inspection software business, Inspection Support Network (“ISN”). Now, Porch can provide agents and homebuyers the ability to pay for their home inspection at the close of a home purchase, in addition to Porch’s ability to facilitate the payment processing at the time of inspection.
Through the innovative pay-at-close program, ISN will manage the complexity of both providing payment to the inspector at time of inspection, as well as invoice the escrow company on behalf of the homebuyer to defer payment to the close of escrow. The first-of-its-kind program simultaneously addresses the needs of homebuyers, agents, and inspectors, while also continuing to expand the value proposition Porch provides through its ISN software.
Top iTechnology IT and DevOps News: Synoptek Announces Expansion With Acquisition of Rapid Technologies
“We’re always actively exploring every avenue to help home inspection companies grow and stand out from their competition,” said Matt Ehrlichman, founder, chairman and CEO of Porch Group. “At the same time by helping homebuyers now pay for their inspections at close, we can make the homebuying experience easier and with less friction for all parties.”
Inspectors often receive requests for deferred payment but very rarely accept, primarily due to the risks of escrow falling through or the hassle of collections. Only because Porch powers ISN, the leading CRM software in the inspection industry can this process be automated and streamlined, giving every party a better experience.
The program is currently available to select inspection companies and will begin a broad roll-out in 2022. Thus far, feedback and appetite from inspectors and real estate agents has been overwhelmingly positive with some of the largest inspection companies activating the module and ready to launch.
Top iTechnology Security News: Anjuna Security Confidential Cloud Software Now Available on Amazon Marketplace
[To share your insights with us, please write to sghosh@martechseries.com]
