Each year Inc. Magazine compiles its list of the 5,000 fastest-growing private companies in the United States. To make the list a business must have generated at least $100,000 in revenue in 2017 and have generated at least $2 million in revenue in 2020. The business must also be privately held and based in the U.S.
This year’s Inc 5,000 list had a median 3-year growth rate of 167% and the winners collectively generated more than $248 billion in total revenue. According to HousingWire, around 4% of the companies who made the Inc. 5,000 list are from the real estate sector, and many of them (spanning title, PropTech, mortgage, and other real estate tech solutions) are part of the Qualia ecosystem.
Here’s a closer look at the Qualia-powered businesses that are among the fastest-growing companies in America. Congratulations to all who made the list and thank you to the Qualia users on the list for trusting us to help power your growth.
Title & Escrow Company Winners
Title & escrow is at the center of nearly every real estate transaction, and we’ve built powerful software to enable title & escrow businesses to work more efficiently and scale their businesses to achieve growth and bring in more revenue. Qualia customers report up to a 75% reduction in workload and title & escrow agents on Qualia report being able to 5X their transactions closed per month through automated workflows.
Several of the title companies who made the Inc 5,000 list are Qualia users. These businesses achieved incredible three-year growth. One such Qualia user is Ohio Real Title Agency (ORT) which achieved 57% three-year growth.
ORT has been on a rapid growth trajectory for several years. Back in 2018, we shone a light on ORT and how they leveraged Qualia to grow their business. At that time, the company had scaled from 1 office to 8 offices and had plans to continue expansion. “Qualia allowed my management team and I not to worry so much about IT infrastructure and how we were going to support 100+ employees and growing. Having Qualia behind the scenes managing that infrastructure that allows us to [scale] is a huge asset,” Ryan Marrie, President of Ohio Real Title Agency said in the 2018 interview. Today, ORT provides services in 9 offices across the Northeast and Central Ohio regions.
Real Estate Technology Solution Winners
The real estate landscape is evolving quicker than ever and more tech-forward solutions and automation are reaching the market to help real estate professionals complete their day-to-day activities more efficiently. For example, new digital solutions have emerged to digitize and automate lien and tax services, title searches, and notary services.
Ensuring these different vendors are available on the same platform where real estate professionals manage their day-to-day workflows is essential. Qualia Marketplace allows title & escrow teams to order critical closing services right inside the Qualia system. This enables them to streamline ordering from trusted vendors at scale.
Marketplace also allows businesses to expand their operations to new states by discovering local vendors in new markets. In an interview with Qualia, Lemonbrew Abstract explained the value of Marketplace for their expansion efforts. At the time of the interview, the company had expanded from 1 state to 19 states. “Every state has its nuances. It’s nearly impossible to be fully knowledgeable in every state. So with Qualia’s Marketplace, we’re able to interact digitally with local vendors in each of the states who have local knowledge and expertise while still maintaining a national footprint.”
Multiple Qualia Marketplace vendors made the Inc 5,000 list including PropLogix (265% three-year growth), Skyline Lien Search (86% three-year growth), and ASAP Tax and Lien Search (69% growth). These businesses leverage Qualia Marketplace to be discoverable by the thousands of Qualia users who use Marketplace every day to discover and work with tech-forward vendors.
Over the past few years, the PropTech sector has exploded in growth. Equity and debt investment in PropTech businesses in the first half of 2021 reached $8.5B—that’s more than all of 2020 combined.
In the residential real estate space, many of these VC-backed technology companies are racing to build the ultimate end-to-end home buying experience for consumers. PropTech businesses that burgeoned in the early 2000s (think Zillow and realtor.com®) paved the way by opening up digital home search options for consumers. Now, these players and newly-funded incumbents are aiming to deliver the same transparency and digital ease for consumers from home search all the way through closing.
To achieve end-to-end experiences, many of these PropTech businesses are adding title & escrow services to their offering and using Qualia’s flexible technology infrastructure to do so. One of these PropTech standouts who made the Inc 5,000 list is Homie. In an interview with Qualia, Homie’s CFO described Homie’s mission as “building the first successful end-to-end platform for a seamless real estate experience that simplifies the entire transaction, from contract to close—including real estate, home loans, title & escrow, and insurance.”
Homie uses Qualia’s technology to integrate its title & escrow services with the rest of the Homie digital experience. Over the past 3 years, the company has achieved a 1,053% growth rate.
Qualia continues to build solutions to enable our users to achieve rapid growth. We look forward to empowering more businesses across the entire ecosystem of title & escrow, mortgage lending, and real estate to achieve their goals.
To learn more about how Qualia is powering growth for businesses across the country, click below to read more customer success stories.