TORONTO--(BUSINESS WIRE)--Philer AI, an advanced real estate closing platform, has received approval from the Law Society of Ontario (LSO) as part of the Access to Innovation program to provide real estate legal services directly to consumers, showcasing a significant advancement in the legal tech space.
The Access to Innovation program is designed to foster the delivery of legal services through innovative technology, ensuring that companies like Philer can serve consumers while adhering to stringent public protection requirements. This approval empowers Philer to offer its AI-enabled real estate legal services across Ontario, assuring consumer safety and legal compliance.
Philer is dedicated to simplifying the home-closing process, ensuring transparency and affordability for homebuyers. The online platform enables buyers to work with real estate lawyers, upload confidential documents, track closing statuses, and sign closing documents virtually. By streamlining these processes, Philer aims to transform the traditionally cumbersome experience of working with real estate lawyers into a smooth and efficient digital experience.
Ankita Sharma, CEO of Philer AI expressed her enthusiasm about this achievement: "Buying a home is a significant milestone in anyone’s life, yet the experience often feels overwhelming, exhausting, and confusing. There is a lot of manual work involved between finalizing the property you want to buy and moving into it. Our mission is to make this milestone a celebration, not a stressful and exhausting project you can’t wait to get over. With this approval from the Law Society of Ontario, we are one step closer to making that vision a reality." Ankita Sharma previously led digital expansion at Axess Law, where she identified a major technology gap in the legal industry. In 2022, she left her job to launch Philer as a B2B SaaS platform, helping real estate lawyers deliver a seamless digital experience to their clients.
Philer's AI-enabled legal platform offers a modern solution to the challenges faced by homebuyers, leveraging advanced LLM models to provide clear, transparent, and accessible legal assistance. The platform's innovative approach aligns perfectly with the goals of the Access to Innovation program, which aims to enhance the delivery of legal services through technology while maintaining high standards of public protection.
Art Wilson, Manager of the A2I program for the LSO, says, “The Law Society of Ontario is committed to fostering innovation in the legal industry through initiatives like our Access to Innovation (A2I) program. By approving companies like Philer AI, we ensure that innovative technological legal services meet rigorous public protection standards. Through these efforts and others, we are helping to advance the technological competence of legal professionals and working towards a more efficient and accessible justice system in Ontario.”
Philer's platform is evolving to provide a seamless experience for homebuyers by integrating with key real estate professionals. Partners include real estate and mortgage brokerages, home inspection companies, insurance providers, movers, and packers. These collaborations enhance the user experience, offering a comprehensive solution for all home-buying needs.
As Philer expands its services across Canada, the company remains dedicated to its core mission of making the home-buying process as secure and stress-free as possible.
About Philer
Philer is a real estate closing platform that enables homebuyers to close their property transactions virtually for a flat legal fee of $899. Powered by licensed real estate lawyers and artificial intelligence, Philer simplifies the closing process for buyers, sellers, and real estate professionals, ensuring an efficient and secure digital experience. Learn more or start your real estate journey today at Philer.ai.
