InfoTrack and Avail announce AI due diligence partnership
Conveyancing technology specialist InfoTrack and title document risk analysis company Avail have announced a major new partnership that will see InfoTrack integrating Avail’s AI-powered title due diligence within its Commercial Property solutions.
The new functionality is already available through InfoTrack’s Commercial Services Team, which manages bulk commercial transactions on behalf of customers, while ‘self-service’ access to Avail’s range of title reports is expected later in the year, allowing firms to submit their own requests for instant analysis.
Avail’s flagship product, Avail Title, leverages advanced AI to rapidly review title registers, plans, leases and any other Land Registry document, identifying potential legal risks and generating easy-to-understand reports in just seconds.
These reports drastically reduce the time taken to analyse documents, and swiftly flag any potential issues across commercial projects.
InfoTrack CEO, Scott Bozinis, said of the new partnership:
“InfoTrack’s focus is always on making property transactions better for everyone involved.
“In this case we’ve found a way to reduce the administrative burden and the risk associated with complex commercial transactions, and we do that by harnessing the best possible technology.
“I’m delighted that, by combining our own commercial conveyancing software and expertise with the powerful AI and due diligence capabilities of Avail, we will help our customers act with even more speed and more confidence in their commercial projects.”
Dom Conte, Chief Product Officer at Avail, said of the deal:
“We are thrilled to announce our partnership with InfoTrack, a trailblazer in the commercial real estate sector.
“Avail, already recognised as the leading title review platform for law firms, aligns seamlessly with InfoTrack’s forward-thinking approach.
“This collaboration marks a significant step in our journey, integrating our state-of-the-art AI technology with the InfoTrack platform.
“This partnership is set to further revolutionise the real estate industry, offering lawyers unparalleled speed and efficiency in their transactions.”
Kindly shared by InfoTrack