Real estate commercial closings are known for being unique and not as standardized as residential closings. Commercial closings can have its own specific requirements during escrow, document creation, and title insurance. The volume is also generally lower than purely residential closing teams would encounter.
For this reason, most commercial closing offices operate under the assumption that they don’t require the use of closing software. The logic is that closing software is something that primarily residential closers need since they have a more standard approach. And for many commercial closers, it’s difficult to justify the cost of closing software considering their low volume.
But, are these reasonings correct? Maybe not. In the latter half of this article, we’ll clarify why commercial closing software may be right for your business.