Working In Real Time

E-Realtors Trying To Take Paper Out Of Paperwork
By Timothy Mazzucca

Washington Business Journal - November 2001

Fall Church based SettlementRoom has platform that manages real estate deals, escrow, and loan transactions in real time on the web.

After spending more than 10 years in the real estate business, Jonathan Cutler found himself scribbling 40 pages of notes in 1999 drafting what would become his company's business plan.

SettlementRoom's (www.settlementroom.com) software is applicable to the education market, litigation management, and retail industry, Cutler says, but the company will stay focused for now on its core mission; serving the real estate industry.

"We're a service business, not just a Web business," Cutler says."When a customer calls us, an actual person answers the phone and helps them navigate the site."

SettlementRoom charges $30 per transaction with a minimum obligation of 10 transactions.