SOURCE: miiCard

miiCard

September 05, 2013 08:05 ET

Allre and miiCard Partner for First Complete Platform to Sell a Home Purely Online

Use of Verified Identities to Help Power Entire Web Real Estate Transaction Demonstrates Increasing Need for Disruptive Technologies to Build True Trust Online

SAN DIEGO, CA--(Marketwired - Sep 5, 2013) -  Real estate transaction platform Allre announced that it has partnered with online identity proofing service miiCard to securely connect homeowners and buyers to purchase and sell homes completely online and independent of real estate agents. Allre saves homeowners time, money and stress by providing robust disclosure, contract, identity check, valuation and negotiation tools, but with no agent commissions.

"Allre is disrupting the real estate industry, empowering homeowners just as Expedia and others did for travelers," said miiCard CEO James Varga. "For the first time ever, an entire home purchase from start to finish can happen online. This is an example of the powerful new online services that are enabled with true trust through proven identity verification."

Allre leverages partnerships with miiCard, FRS National and Guaranteed Rate to manage a complete real estate transaction on its web platform. Buyers and sellers receive the same tools and support they would find in an offline transaction, but entirely online and free of agent commissions, which are typically 6% of the purchase price. Allre charges a flat $100 fee to initiate closing and another $100 at its completion.

miiCard's Level of Assurance 3+ identity verification service leverages the authority and security inherent in a member's online financial accounts to prove online identity to the level of a passport or photo ID check in just minutes and completely online. Homeowners listing a property on Allre or buyers entering into due diligence on a property must first sign up for a miiCard account to verify their true identities. With their miiCard, both parties can move into direct negotiation and an eventual purchase.

"Allre rightfully puts homeowners in charge of their own real estate transaction with all the necessary tools and guidance at their fingertips," said Kathy Dryden, founder of Allre. "Buying or selling a home is often the largest single transaction in our lives, and it is critical that we have complete confidence and trust in the process and the other party involved. miiCard allows us to take a historically offline transaction and for the first time enable it purely online."

Allre is currently available in San Diego, California at launch, but will soon roll out to new major markets and eventually nationwide. miiCard can be used as a global Bring Your Own Identity (BYOID) service that gives them the convenience, control, ease and flexibility of a single trusted identity that can be used across the web. miiCard is available in ten countries and can verify over 350 million people today.

About Allre

The Allre website is a one-of-a-kind online resource that allows buyers and sellers to complete an entire real estate transaction on the Internet, from start to finish. Until now, buyers and sellers had no choice but to rely heavily on brokers to gain access to properties, perform negotiations, execute contracts and disclosures, and connect with vendors for necessary services, all for a hefty fee. Allre has changed this outdated real estate industry standard and put the fast, efficient power of Internet technology into the hands of buyers and sellers. Now, all paperwork, documents, disclosures, messages, showings, offers, and the title and escrow process can be completed online, without any agents or commissions.

About miiCard

miiCard is a global online Identity as a Service (IDaaS) platform that establishes true trust online by guaranteeing an individual's identity to the level of an offline photo ID check, completely online and in just minutes. miiCard helps businesses eliminate fraud, reduce manual processing costs, and prevent high rates of dropout when offline identity checks are required. A member-driven service, based on the principles of Bring Your Own Identity, miiCard empowers consumers to proactively manage their digital identity, build trust online, and trade and transact with confidence. miiCard currently supports the United States, Canada, the United Kingdom, South Africa, India, Australia, New Zealand, Ireland, France and Spain.

Contact Information

  • Press Contact:
    Michael Azzano
    Cosmo PR
    415/596-1978
    Email Contact