Proptech firm Search Acumen has announced a new partnership with Avail, marking ‘another step forward in digitalising the real estate sector’.
Avail is a title document risk analysis platform powered by artificial intelligence (AI) which simplifies the search, purchase and analysis of HM Land Registry title documents, to produce a range of instant client friendly reports.
It also accelerates property scoping with an instant digital PN1 search.
The partnership enables Search Acumen to combine its property data knowledge with Avail’s legal expertise and therefore create new products that blend technological innovation with practical legal knowledge.
Search Acumen’s research suggests the average conveyancing firm stands to save 115 hours per month through automation.
Its latest Conveyancing Market Tracker highlighted growing demands on conveyancing firms, with an almost doubling of annual property transactions over the past decade while the volume of active firms has decreased by 10% over the same period.
Search Acumen managing director Andrew Lloyd comments: “It has never been more important to reduce the strain on property lawyers through technology than it is now. We want to help lawyers do things faster and smarter. This partnership will strengthen our ability to present the most efficient and effective methods to achieve this goal.”
Avail chief product officer Dom Conte adds: “We know property due diligence is ripe for disruption, and Search Acumen’s vision for using data and AI to turbocharge the industry is exciting. By combining best-in-class search with best-in-class AI tools, we can’t wait to explore how this partnership will deliver genuinely game-changing services to our customers.”
