Flueid

About Flueid

Flueid Software Corporation operates as an independent technology company focused on the real estate sector, providing data and intelligence to streamline property transactions. Founded in 2017 by Peter Bowman and Peter Richter, the company is headquartered in Austin, Texas. The founders, along with Chief Architect Dennis Frandsen, self-funded the initial development. Their collective experience spans over 25 years and includes architecting multiple legacy decisioning engines and co-founding Title365 in 2009, a national title agency.

The company's core business revolves around its patented Flueid Decision platform, which offers Verification of Title (VOT) solutions. This platform functions as a multi-tenant, agnostic system that embeds into the core operating systems of clients to automate and centralize the title clearance decision process, delivering results in under a minute. By using traditional and nontraditional data sources with proprietary logic, the platform aims to reduce the risk and time associated with closing real estate transactions. Flueid serves a diverse client base that includes title underwriters, mortgage lenders, real estate agents, servicers, and secondary market participants. Revenue is generated through its Software as a Service (SaaS) platform, Flueid Pro, which provides digital tools and transaction management capabilities.

Flueid's product suite includes several key offerings. Flueid Decision provides rapid title risk decisions, enabling service providers to identify transactions eligible for an expedited process. Flueid Pro is a dynamic application for property research, farming, and lead generation. Flueid Transact facilitates the intelligent exchange of data and documents to connect the ecosystem and accelerate the closing process. The company also offers Flueid Built, a managed service called Title Production as a Service (TPaaS), to operationalize title companies. These products are designed to support a variety of transaction types, including purchase, refinance, home equity, and default scenarios. The company has received multiple patents for its technology and has achieved SOC 2 Type 2 compliance for its data security practices.