Propy Just Raised $100 Million to Replace Manual Real Estate Closings With AI

The real estate closing process just got a major shakeup. Propy, a tech company using AI and blockchain to automate transactions, announced this week that it secured $100 million in funding to roll up title and escrow companies across the country.

Their goal? Cut the friction that makes buying a home so expensive and time consuming.

Why This Matters for Real Estate Agents

Transaction costs can eat up nearly 10% of a home’s value. Multiple parties, manual workflows, and outdated systems create bottlenecks that frustrate everyone involved. In many cases, closing costs exceed the down payment itself.

Propy’s AI agents can now handle tasks that escrow officers traditionally do manually. Checking emails, opening transactions around the clock, verifying bank accounts, and calling lenders. The technology promises to cut manual workloads by up to 70%.

For agents, this could mean faster closings and happier clients. No more waiting on paperwork that sits on someone’s desk over the weekend.

The Numbers Behind the News

Propy has already processed over $5 billion in transactions since 2021, with volume doubling year over year. The company plans to acquire title firms generating $5 million to $20 million in annual revenue across California, Texas, Tennessee, and other states.

The funding comes from Metropolitan Partners Group, a private investment firm focused on growth capital. They structured the deal around licensed, cash flowing title businesses.

What AI Closings Actually Look Like

The company launched an AI Agent that handles several escrow officer functions automatically. Opening transactions 24/7, monitoring communications, verifying funds, and coordinating with lenders and HOAs.

Natalia Karayaneva, Propy’s CEO, believes this technology will fundamentally change how often people buy homes. “Instead of 4 to 7 million homes sold every year, we believe we’ll witness 20 million homes changing hands,” she said.

That’s an ambitious prediction. But smoother, cheaper transactions could make homeownership more accessible for first time buyers struggling with upfront costs.

How Agents Can Prepare

This shift won’t happen overnight. Propy is acquiring firms one at a time, retaining local teams while upgrading their systems. But the trend is clear.

Here’s what agents should consider:

• Stay informed about AI tools in your market. Know which title companies are modernizing and which are falling behind.
• Highlight speed and efficiency to clients. Buyers and sellers increasingly expect technology driven experiences.
• Focus on what AI can’t replace. Local expertise, negotiation skills, and personal relationships remain your competitive advantage.

The agents who thrive will be those who embrace technology as a tool, not a threat.

The Bottom Line

Propy’s $100 million raise signals that investors see real opportunity in fixing the broken closing process. For real estate agents, this means the transaction experience is about to get faster and more streamlined.

The question isn’t whether AI will change closings. It’s how quickly you’ll adapt to serve clients who expect it.

---

Ready to find an agent who understands the modern real estate landscape? Start your search and get matched with a professional who can guide you through today’s market.