MRIS Enters Strategic Alliance with Authentisign™ for Digital Signatures

PHOENIX, March 15, 2011 /PRNewswire/ -- Instanet Solutions announced today that Authentisign™, an integrated digital signature platform, has been selected by MRIS as the ESIGN product-of-choice. As the largest Multiple Listing Service in North America, MRIS serves nearly 50,000 REALTORS® and drives an average of $97 million in real estate property sales in the mid-Atlantic region every day.

"We are thrilled to be working with MRIS, a widely recognized technology leader in the real estate industry. Authentisign will enable MRIS' subscribers to easily and securely distribute contract documents to buyers and sellers for electronic signing," according to Martin Scrocchi, Instanet Solutions CEO. "The idea is to truly make the entire real estate transaction easy for the Agent (and their customers) and with far less paper."

John L. Heithaus, MRIS Chief Marketing Officer, added, "We were seeking an E-Signature tool that was simple to use, compliant with federal laws governing electronic signatures, and one that could easily be integrated into third party forms and applications already in use by MRIS customers. Authentisign will clearly improve and facilitate the document signing process, and this will free our customers to redirect the time saved to more profitable activities, such as business development. MRIS 'Gen M' strategy is built on collaborative strategic alliances and we think Instanet will prove to be a perfect fit in our culture driven by innovation and customer service." Heithaus added: "MRIS plans to work closely with our 25 Shareholder Associations and large real estate brokers to facilitate the transition and adoption of this great tool."

More than ten years ago, the ESIGN law was enacted when then U.S. President Clinton signed the E-Signature bill giving the same legal validity to an electronic signature as a signature in pen and ink. As REALTORS® and consumers become increasingly comfortable with the security and authenticity of digital signatures, MLS's and Associations are rapidly embracing this technology.

About MRIS: Founded in 1993, MRIS is the engine that drives nearly $100 billion in real estate transactions (listings and sales) each year. More than the nation's largest MLS system, MRIS is known and respected as a customer service, leading-edge technology and data powerhouse. Think of MRIS as a one-stop marketplace for everything real estate. Matchmaker. Interactive ad agency. Virtual IT team and marketing department rolled into one. Not to mention our world-class Research & Development, Training and Customer Support. http://www.mris.com.

About Instanet Solutions: Instanet Solutions is a leading provider of real estate technology with approximately 390,000 licensed, paid, user accounts of their various real estate focused products - InstanetForms™, TransactionDesk™, DocBox™, DocBox2Go™, InstanetFax™ and Authentisign™. Instanet Solutions began delivering residential real estate technology in 1992. Further information about Instanet Solutions and its products is available at http://www.instanetsolutions.com.

SOURCE MRIS