E-Closing

Spruce + Mobility: Moving Relocation Services Forward Pt. 2

Life at Spruce
Eric Arnold
September 9, 2022

Led by a team of respected industry experts and backed by Spruce’s culture of innovation, Spruce Mobility sets a new standard for how the industry thinks about title and closing services for both employer and employee-initiated relocations.

Scalable Service and Expertise

Title companies receiving relocation referral business from their underwriters and other channels do great work, but relocation is rarely their primary expertise or focus. Assuming limited resources, any local branch will prioritize their efforts towards the local real estate agents, loan officers, builders and other relationships that drive the majority of revenue. As a result, relocation services are treated as second tier. 

At Spruce, we live and breathe relocation. From title production to curative to closing, you’re working with a team that is purpose-built to deliver for relocation management companies, employers and transferees. We know the requirements (and the Revenue Rulings), but more importantly, we know the stakes. When you work with the same closers from Washington to Florida and everywhere in between, you build confidence that there won’t be any surprises. Your clients and transferees are in good hands. 

National Pricing

Do you know what you’re really paying for title and closing? In the employee mobility industry, it’s common to negotiate hard on the “mobility” coordination component, but assume the downstream pricing for actual title and closing services are being managed elsewhere. All too often, they’re not.

Spruce Mobility delivers transparency and consistency in pricing that has never been available at this scale.  Spruce’s all-inclusive title and closing fee is $400 per side.  Whether you’re used to paying $2000 escrow fees on the west coast or $1000 for a dozen miscellaneous title and closing fees in the midwest, in most cases Spruce is $400 per side.

Technology-Driven Experiences

Spruce offers a wide array of best-in-class technologies to improve the transferee and client experience. The Spruce Homeowner Portal offers transferees a convenient way to deposit earnest money on their new home purchase, review conveyance documents on their sale and set up a notary signing for either. Our Client Portal provides real-time insights into status of title, closing and fees, along with channels for communication and collaboration throughout the transaction lifecycle. Our in-house technologies are further complemented by partnerships with Notarize and other providers to deliver the most comprehensive remote and in-person notary offerings available to the Mobility industry.

SprucePowered for Mobility

SprucePowered empowers real estate companies to build and expand title agencies in order to realize additional value from their transactions. Mobility is a diversified industry that has historically underleveraged the value of the title revenue generated from its transactions. We are excited to see the potential for SprucePowered to fundamentally transform the RMC financial model while simultaneously empowering the ecosystem to deliver more consistent experiences.

Higher title capture ➡️ uniform underwriting and closing standards ➡️ happy outcomes.

These four pillars - scalability, pricing, tech and SprucePowered - are the base of Spruce’s mobility offering to start delivering exceptional experiences and value on day one. More important than the start is the journey, and we’re thrilled to build the future of mobility with you.

How can your title provider support you? Let’s start a conversation. 

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Article by
Eric Arnold

Spruce + Mobility: Moving Relocation Services Forward Pt. 2

Led by a team of respected industry experts and backed by Spruce’s culture of innovation, Spruce Mobility sets a new standard for how the industry thinks about title and closing services for both employer and employee-initiated relocations.

Scalable Service and Expertise

Title companies receiving relocation referral business from their underwriters and other channels do great work, but relocation is rarely their primary expertise or focus. Assuming limited resources, any local branch will prioritize their efforts towards the local real estate agents, loan officers, builders and other relationships that drive the majority of revenue. As a result, relocation services are treated as second tier. 

At Spruce, we live and breathe relocation. From title production to curative to closing, you’re working with a team that is purpose-built to deliver for relocation management companies, employers and transferees. We know the requirements (and the Revenue Rulings), but more importantly, we know the stakes. When you work with the same closers from Washington to Florida and everywhere in between, you build confidence that there won’t be any surprises. Your clients and transferees are in good hands. 

National Pricing

Do you know what you’re really paying for title and closing? In the employee mobility industry, it’s common to negotiate hard on the “mobility” coordination component, but assume the downstream pricing for actual title and closing services are being managed elsewhere. All too often, they’re not.

Spruce Mobility delivers transparency and consistency in pricing that has never been available at this scale.  Spruce’s all-inclusive title and closing fee is $400 per side.  Whether you’re used to paying $2000 escrow fees on the west coast or $1000 for a dozen miscellaneous title and closing fees in the midwest, in most cases Spruce is $400 per side.

Technology-Driven Experiences

Spruce offers a wide array of best-in-class technologies to improve the transferee and client experience. The Spruce Homeowner Portal offers transferees a convenient way to deposit earnest money on their new home purchase, review conveyance documents on their sale and set up a notary signing for either. Our Client Portal provides real-time insights into status of title, closing and fees, along with channels for communication and collaboration throughout the transaction lifecycle. Our in-house technologies are further complemented by partnerships with Notarize and other providers to deliver the most comprehensive remote and in-person notary offerings available to the Mobility industry.

SprucePowered for Mobility

SprucePowered empowers real estate companies to build and expand title agencies in order to realize additional value from their transactions. Mobility is a diversified industry that has historically underleveraged the value of the title revenue generated from its transactions. We are excited to see the potential for SprucePowered to fundamentally transform the RMC financial model while simultaneously empowering the ecosystem to deliver more consistent experiences.

Higher title capture ➡️ uniform underwriting and closing standards ➡️ happy outcomes.

These four pillars - scalability, pricing, tech and SprucePowered - are the base of Spruce’s mobility offering to start delivering exceptional experiences and value on day one. More important than the start is the journey, and we’re thrilled to build the future of mobility with you.

How can your title provider support you? Let’s start a conversation.