Patch of Land's Tech Team is always working on building useful tools in order to give you the best experience possible while investing in real estate online. We thrive off innovation and so we're constantly making improvements to better suite your needs. From receiving a new monthly account statement, to receiving your funds faster, let's take a look and see what other updated functions and features are now available on Patch of Land's real estate crowdfunding platform.
- Redesigned Investment Process
The five step investment process is now a bit easier to get through with a progress bar available at the top of your screen and a fully responsive interface. The legal document eSigning is now embedded and each step spans the full width of the page, making it easier to read for smaller screens. - Faster Funds Settlement through Direct ACH!
Through a direct partnership with our banking partners and deep integration with the ACH settlement system, we’re now able to support 24 hour funds settlement. This means that, excluding any problems with funds availability or account information, we’ll pull investment funds from your designated bank account and you’ll start earning interest the very next day.When it comes to withdrawing your funds, we’ve shortened our delivery time down to 1 – 3 business days to get you your money faster as well.
- Address Auto Complete
Now, anywhere you’re required to input an address, we’re using automatic address suggestions from Google to fill relevant fields as you type.
- Monthly Account Statements
You’ll see your new monthly account statement attached to the distribution summary email starting August 15th. Each month, you’ll get an updated statement showing the changes in your account, the investments you’ve made, distributions you’ve received and more.This statement will also be available for download from your “My Files” section at any time. Statements are generated on the 15th of each month for the previous month.
- Important Investment Statuses & Distribution Dates Are Now Much Clearer
We’ve now made the date at which your investments start earning interest (usually the very next day now) and dates at which you can expect distributions clearer. You’ll see these changes reflected primarily within the “My Investments” section of your account as well as the “My Earnings” section and new monthly statement. Additionally, We’ve upped the frequency in which we’re supplying short-form underlying loan statuses for each of your investments. You can find these updated at least once monthly in the “My Investments” section as well as in distribution summary emails.
- Signing Legal Docs Over Mobile Now Possible
We’ve retooled the investment process to ensure not only that you can fully complete an investment on your smartphone or tablet but that you can easily sign the legal documents as well. We’ve worked to ensure the experience works flawlessly with all major mobile browsers and platforms.
Related: Patch of Land's Tech Team
Patch of Land Ideas Portal
We believe in constant technical innovation and the power of the feedback loop! As such, our team regularly reviews and participates in discussions around new ideas for our platform and service. We're listening with wide open ears so let us know how we can build a better Patch of Land for you by visiting our ideas portal.
Ali commented July 27, 2015
Where the list of my investments is, you should be able to click on the property and be able to view the property and any updates associated with the property rather than having to scroll through the investments available page to find you property and review the documents.
Jason Schinder commented July 27, 2015
Just wanted to mention that I completely agree with ALI's input above. This is a major oversight.
Just make each project in our dashboards a clickable hyperlink back to the initial project page.
Should be a simple fix.