Our Principles of Organization
The confluence of on-demand cloud computing infrastructure, open-source software code, ubiquitous IP communications systems, and agile software development, greatly enhances the effectiveness, and reduces the costs, of delivering transformational software solutions. The existing structures of centralized, hierarchical, many-layered business organizations with their concomitant heavy cost structures and overhead, are no longer required to properly ensure effective and timely complex IT project completion. In fact, these legacy corporate structures inhibit agile project implementation, and layer unnecessary costs onto projects.
Bloqable embraces the modern ways of working. As such, we partner with the best technologists, we work globally on a 24x5 handoff-relay cycle, we eschew pricey corporate offices, and we use on-demand computing resources. Because of our partnering structure and approach, we are able to easily scale projects up or down as required. All this keeps project implementation costs comparatively low, keeps development agile, and uses only the latest web and cloud technologies, all to the benefit or our clients.
The Questions We Ask Ourselves
Bloqable entered the public land records transformation space after asking these questions:
Why do home buyers have to pay the same rates - as a percentage of the value of their property - for title insurance when actual title risk varies greatly between properties?
Why does 80-90% of the cost of title insurance get paid as commission to the settlement agent that brings the home buyer’s business to the title insurance company?
In a competitive title insurance market, shouldn’t the cost of title insurance somewhat reflect the actual risk of loss on a particular property?
In Virginia (and most other States) why are the posted title insurance rates exactly the same across the four dominant land title insurance holding companies?
Can the proper application of new technologies like optical character reading, machine learning, and artificial intelligence create a more transparent, efficient, and fairer approach to assessing real estate property title risk, and the cost to insure it?
We are working with our partners on answering the last of these questions, so we can change the status quo that prompted the first four of these questions.