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DS News October 2017

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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ยป VISIT US ONLINE @ DSNEWS.COM 85 FLORIDA Cyprexx Services Announces Property Access System Florida-based Cyprexx Services, in partnership with Prempoint Inc., plans to launch a new entry management system this fall, dubbed Lockwise. Lockwise is a new keyless entry management system that allows users to grant property access digitally. By syncing with the Prempoint app, the tool will allow property managers to control access from any geographical location through an online dashboard. is new technology eliminates the need for traditional key-based locks that typically complicate the process of accessing assets. Currently, physical keys provided directly by property manag- ers or via lockboxes present security concerns, including theft, loss, inaccurate access codes, or unauthorized key duplication. As a response, Lockwise can altogether eliminate the recurring monetary and time costs of rekeying. e devices require no special equipment for installation and provide a more secure, flexible, manageable, and aesthetically pleasing solution for securing properties. ese new devices, when paired with an authorized user via Prempoint, allow property managers to securely control property en- try without the need for a traditional rekey, or be physically present to grant access. Cyprexx believes this new solution is inventive and adaptable by providing the ability to remove or add authorized users as needed, from any location. At any time, property managers will have the ability to grant property access to maintenance vendors, tenants, and inspectors. Additionally, relevant documents such as work orders, lease agreements, and photos can be securely shared using the encrypted Prempoint system. "We are delighted to be in partnership with Prempoint," said Ed Mullen, CEO of Cyprexx Services. "When first introduced to their technology, we immediately were encouraged to inject capital to help them develop innovative solutions that we can bring to market. Combined with our Bluetooth lock technology 'Lockwise,' we see this unique solution as an enabler for Cyprexx to enter the property management space. In addition, the control of who gets access, when they get access, and the reporting capability of this technology in eliminating the many issues of keys in the Defaults space is exciting. e added control to the access of clients' properties is powerful." Matthew Hartley, CEO and co-founder of Prempoint Inc. added, "is partnership with Cyprexx is giving us a huge oppor- tunity to help the property management and realty industries. It's an exciting time for both companies, but I'm even more excited for our customers. e investment we received is being put towards revolutionizing how property managers and realtors will manage access to properties. No more lockboxes. No more traditional keys. No more pin codes. All that our customers need is Prempoint and a 'Lockwise' Bluetooth lock from Cyprexx. ey can manage keyless entry to hundreds even thousands of properties from anywhere at any time. Our goal is to empower our customers, and lower their costs, with the elegance of simplicity."

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