A Traditional Start With an Eye Toward the Future
Nearly all software development companies follow the same model: Develop a program to satisfy an industry requirement; lease the software product to end users for a one-time fee; charge additional fees for each additional user seat; and charge additional license fees for incorporating new modules released by the company to enhance and expand the original functionality. Furthermore, technical support, implementation support, training and education are additional charges and important profit centers for the software provider.
Cornerstone Management Solutions (CMS) followed that model.initially. But several years after the successful introduction of their first title agent software system, Wintitle, CMS realized several things:
- Software for title agents represented only a small part of the total real estate transaction market. This market was characterized by complicated relationships, regulations, calculations and state and regional differentiations. More importantly, however, was the fact that while existing software systems addressed the individual parts of this market; no software system had attempted to integrate all of the disparate parts.
- Users would benefit from a system in which they paid for the services provided, as needed, rather than require a large up front investment.
- Savings from using the SnapClose products could offset the usage costs.
The SnapClose Family of Software Products
The introduction of three software products, SnapClose Pro, for title agents, SnapClose Lawyers, for real estate attorneys, and SnapVendor, for title and real estate research companies formed the foundation of the SnapClose Family of Software Products. As separate, but integrated systems, they laid the foundation for continued development in the Real Estate Transaction Management market.
Cornerstone Management Solutions Management Team
- Art Parent, Chief Executive Officer and Chairman of the Board
- Kevin Tomlinson, President
- Richard J. Pisciotta, Director of Technology
Cornerstone Management Solutions Board of Directors
