Coldwell Banker Initiates Break-Through Effort to Accelerate the Home Buying & Selling Process.Parsippany, N.J.--(BUSINESS WIRE)--Nov. 13, 1997-- Real Estate Company Assumes Leadership Role; Establishes "Transaction 2000" Task Force to Reengineer the Process Alex Perriello, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Coldwell Banker(R) Real Estate Corporation announced today the creation of a task force whose mission will be to streamline the real estate transaction process as it is known today. The COLDWELL BANKER Transaction 2000 Task Force will be comprised of industry-related service providers and real estate practitioners charged with materially reducing the time needed to complete a real estate transaction. "This is a significant undertaking but COLDWELL BANKER has succeeded in this business for more than 90 years because of its ability to embrace innovation and assume a role of industry leadership," said Perriello, President & CEO. "Real estate is one of the only industries that has yet to adopt the initiatives for process improvement implemented by most business sectors in America. When I first started in this business 20 years ago, it took 45 days to buy a house and today, it still takes that long. The goal of our Transaction 2000 initiative is to reengineer the entire process making it faster and easier for the consumer." Perriello, envisioning a typical purchase transaction process that would be completed within a two week period, explains that "for this to happen, we must analyze everything we do, ask ourselves why we do it that way and how we could do it better." The president, a real estate industry veteran offers a glimpse of the future: "Very simply, we will be combining a pre-approved buyer with a pre-approved property. The buyer will have a solid commitment for financing prior to making an offer and the house would already have been appraised, inspected, repaired where needed, warranteed, surveyed and with a preliminary title report all prior to going on the market. In essence, this kind of transaction could be completed without many, if not all, of the customary contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. that usually slow the process and/or impact the sale of the house." "To accomplish this we will need to change the mindset mind·set or mind-set n. 1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations. 2. An inclination or a habit. of everyone involved in the transaction including the buyer and seller. Obviously, this will take some effort, but COLDWELL BANKER refuses to move into the next millennium with a business-as-usual mentality men·tal·i·ty n. The sum of a person's intellectual capabilities or endowment. . Improving the way houses are bought and sold is my passion and a major initiative for COLDWELL BANKER - I welcome and challenge the rest of the industry to join in this endeavor," said Perriello. The Transaction 2000 Task Force will be comprised of key personnel representing related industry service providers including: PHH PHH Provinciale Handelsschool Hasselt (school) PHH Pasukan Anti Huru-Hara (Anti Riot Task Force) PHH Phillips Head (screw) PHH Planar Halogenated Hydrocarbon Mortgage, AON Home Warranty A Home warranty is an insurance contract that covers the repair and replacement costs of home appliances. The warranty generally covers equipment and appliances such as dishwashers, plumbing systems, electrical systems etc. , Cadre Appraisals, First American First American may refer to:
The COLDWELL BANKER Transaction 2000 Task Force will hold its first meeting next month at the company's headquarters in Parsippany, NJ. The session will be professionally facilitated in a "work-out" style, a style format originated by General Electric and used successfully by many major companies to address process improvement issues. It is anticipated that by early 1998, a yet-to-be determined test market will be selected where the new Transaction 2000 Task Force recommendations will be put into practice by a COLDWELL BANKER affiliate. Coldwell Banker Real Estate Corporation, a subsidiary of HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Incorporated (NYSE NYSE See: New York Stock Exchange :HFS), franchises more than 2,700 independently owned and operated real estate offices with over 60,000 sales associates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition to servicing the full spectrum of the residential real estate market, COLDWELL BANKER is an industry leader in the sale of luxury homes through its Previews(R) program, and vacation homes Vacation Home A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times. Notes: For tax purposes, those who rent their vacation homes may result in a lower amount of allowable expense through its Resort Property Network(R) program. COLDWELL BANKER Online(TM), one of the most comprehensive real estate industry web sites, is located at http://www.coldwellbanker.com. For more than 90 years COLDWELL BANKER has been North America's premier full-service provider of real estate services. -0- Attention Editors: Alex Perriello is available for interviews on this and other groundbreaking real estate topics. Contact Gabrielle Sertich. CONTACT: Coldwell Banker, Parsippany Gabrielle Sertich Manager, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 973/496-7199 gabrielle.sertich@hfsinc.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion