Paperless Pipeline Vs. Loft47: Which Is The Best Real Estate Broker Software?
As a real estate broker, you know that efficiency is key when it comes to managing transactions and commissions.
Paperless Pipeline and Loft47 offer solutions designed to streamline brokerage operations, but they serve different purposes.
Our software focuses on transaction and commission management, helping brokerages stay organized, maintain compliance, and oversee deals from start to finish.
On the other hand, Loft47 specializes in commission tracking and financial automation, ensuring accurate agent payouts and accounting integrations.
In this article, we’ll compare the key features and potential limitations of Paperless Pipeline and Loft47, helping you determine which solution aligns best with your business.
An Overview of Loft47
Loft47 is cloud-based real estate software designed to manage commissions for brokerages and agents.
It streamlines financial operations by automating commission calculations, integrating with various transaction management and accounting systems, and offering real-time access to transaction data.
Founded in 2010, Loft47 was developed with a focus on flexibility, automation, and integration to alleviate the complexities associated with real estate financial management.
An Overview of Paperless Pipeline
Paperless Pipeline is a cloud-based transaction and commission management system designed specifically for real estate professionals, including brokers, agents, teams, and transaction coordinators.
It streamlines the process of managing real estate transactions by offering a suite of comprehensive tools that enhance efficiency, compliance, and collaboration.
Paperless Pipeline provides a robust and intuitive solution for your entire brokerage, especially if you want to enhance your commission and transaction management process.
Our features, flexible pricing, and emphasis on user experience make it a valuable tool for streamlining operations and improving efficiency within real estate brokerages.
Key Features for Your Real Estate Brokerage
Now that you know what each tool is, let’s unpack their key features:
Loft47
✅ Automated commission management
Loft47 automates the commission tracking and payout process. It supports complex commission structures, including flat fees, graduated splits, tiered commissions, and sliding scales.
The platform is customizable based on agent performance, team-based structures, or individual brokerage policies.
It automatically calculates agent and broker splits and company dollar allocations. You can also set commission caps for real estate agents, where commissions reset on the anniversary date or calendar year.
✅ Accounting integrations
Loft47 allows for direct financial tracking with accounting software. By integrating with QuickBooks and Xero, Loft47 syncs payments, invoice details, agent earnings, and transaction fees in real-time.
The software automates journal entries, preventing data-entry errors and ensuring compliance.
Additionally, the platform deducts applicable taxes and integrates with tax reporting software for easy filing.
✅ Transaction management integrations
Loft47 integrates with real estate transaction management platforms such as DocuSign, Dotloop, and Skyslope.
✅ Team management
The platform gives real estate agents real-time access to their commission data, keeping them informed about their earnings.
Agents can log in to view their transactions, commission breakdowns, and payment history. They can also see forecasted earnings, which update dynamically on active transactions.
The system’s team-based commission tracking supports team splits, where multiple agents and team leaders receive a portion of the commission.
It also tracks performance metrics, such as agent productivity, for individuals and teams.
✅ Reporting tools and dashboards
Loft47 offers financial analytics tools. You can generate reports on agent performance, commission distribution, and brokerage commission trends.
It includes customizable reporting for payroll processing, tax filing, and compliance audits.
Users get real-time visual insights into transaction volumes, earnings per agent, and cash flow forecasts. These reports can be exported in various formats for external analysis.
✅ Payment processing and disbursement automation
The tool automates commission payments, ensuring timely disbursements to agents and vendors.
Loft47 integrates with payment providers such as Veem, Routable, and Payload, and brokerages can instantly pay agents via direct deposit or ACH transfers.
The software automatically calculates net commissions after deductions and generates commission statements and agent invoices.
Paperless Pipeline
✅ Best-in-class transaction management
Paperless Pipeline makes it effortless for brokers, admins, agents, and transaction coordinators to track and organize transactions from start to finish.
With our streamlined transaction workflow, you can easily create and manage transactions. We support residential, commercial, and rental transactions, providing unmatched flexibility for brokerages of all sizes.
You also have the ability to create custom workflows, ensuring the system matches the exact way your team works—from listing to close.
✅ Seamless document handling and storage
With Paperless Pipeline, you can upload, organize, and store transaction documents in one central hub, eliminating cluttered email chains.
Our drag-and-drop file uploads allow you to add documents to a specific transaction file, without the hassle of complex folder structures. You also get unlimited document storage, ensuring your brokerage never runs out of space.
✅ Compliance and audit-readiness
Paperless Pipeline retains all transaction files for 10 years, providing peace of mind that your documents are securely stored and accessible for compliance purposes.
With custom checklists, you can ensure that every required document is completed before closing. Our system also automates reminders and notifications for missing or incomplete documents.
Every document is securely stored with a complete history of changes, making audits stress-free. You can instantly generate compliance reports and prove regulatory compliance at any time.
With role-based access control, you can ensure agents, admins, and brokers only see what they need, and our two-factor authentication (2FA) enhances security and compliance.
✅ Commission tracking and disbursements
Paperless Pipeline simplifies commission tracking, giving brokerages complete control over their financial workflows without needing to rely on spreadsheets or a separate tool.
Our system automatically generates commission disbursement authorizations (CDAs) that outline how commissions should be distributed among agents, brokers, and third parties.
We ensure accurate commission splits, fees, and deductions before payout.
The platform supports flat-fee, percentage-based, and tiered commissions. You can easily adjust commissions for agent bonuses, deductions, or referral fees without disrupting workflows.
Brokers can review and approve commission payments in seconds, keeping transactions moving forward efficiently.
Additionally, every commission detail is recorded within the transactions, providing clear and auditable financial oversight.
✅ Real-time collaboration and agent empowerment
Our software transforms how brokerages communicate and collaborate, keeping agents, transaction coordinators, and brokers aligned.
Agents can instantly access their transaction records and necessary documents, reducing back-and-forth communication with admins.
You can assign tasks to specific team members, ensuring accountability and smooth deal progression.
The system sends automatic reminders to real estate agents and transaction coordinators for upcoming deadlines and missing documents.
All changes to a transaction are instantly visible to authorized users, ensuring that everyone stays informed without endless emails.
✅ Comprehensive reporting
Paperless Pipeline provides powerful insights into brokerage performance, agent productivity, and transaction trends.
You can instantly view open, pending, and closed transactions, ensuring brokers and agents stay on top of their pipeline.
Brokers can also track agent deal volume, closing ratios, and transaction values to identify top performers and coaching opportunities.
You can generate detailed commission reports that outline agent earnings, brokerage revenue, and more.
Additionally, Paperless Pipeline allows you to create custom reports based on your brokerage’s needs, with export options for deeper analysis.
Paperless Pipeline Vs. Loft47 Drawbacks
Next, let’s unpack the downsides of working with each platform:
Loft47
❌ No built-in transaction management
Loft47 is not a full-fledged transaction management system. While it integrates with transaction platforms, users must rely on third-party tools for document storage, compliance tracking, and transaction workflows.
Brokerages using Loft47 alone may find it inconvenient to manage deals and compliance outside the platform.
❌ No custom reports
While Loft47 offers pre-built financial reports, it doesn’t provide fully customizable reporting without exporting data to a third-party tool. Users who need detailed custom reports must rely on manual data exports.
❌ No mobile app
The system is entirely web-based and doesn’t offer a dedicated mobile app. While the web app is mobile-responsive, users may experience limitations on smaller screens when managing transactions or reviewing reports.
❌ Learning curve and setup complexity
Loft47 requires lengthy onboarding and setup to automate commission processes fully, and custom commission structures can be complex to configure.
Some users may need additional training to fully leverage Loft47’s commission automation capabilities.
❌ No built-in CRM software or lead management
The tool is strictly a commission management platform and doesn’t include marketing software, lead tracking, client follow-ups, or CRM features.
Paperless Pipeline
❌ No native eSign tool
Our platform doesn’t include a built-in e-signature platform, meaning you’d need to connect a third-party tool to handle electronic signatures.
❌ No built-in CRM
Paperless Pipeline focuses on transaction management and compliance, so our tool doesn’t include lead tracking or customer relationship management software.
Paperless Pipeline Vs. Loft47 Pricing
Let’s take a closer look at how the plans and pricing work for Loft47 and Paperless Pipeline:
💲 Plans and pricing
Loft47
This platform’s pricing is based on the number of agents using the tool, starting at tier one, which is one to 20 agents for $280 per month.
Paperless Pipeline
We provide all users with a free 14-day trial to explore our platform before making a commitment.
Our pricing begins at just $65 for five transactions, ranging up to $495 for 250 transactions. The plans we offer are based on transaction volume and include unlimited users.
There are no long-term contracts involved, and you have the flexibility to adjust your plan, upgrading or downgrading whenever you need to.
If your brokerage handles more than 250 monthly transactions, our Unlimited Plan includes 450 new transactions every month for just $675. Each new transaction after 450 is only $1.50.
Our Commission Module, which makes commission tracking a breeze, can be added to any Paperless Pipeline plan.
⚙️ Setup
- Loft47: The platform charges a once-off $300 setup fee.
- Paperless Pipeline: Your setup is entirely free, and we offer free admin training regardless of which plan you choose.
🤝 Support
- Loft47: The tool offers real-time assistance via its website, email support, and a knowledge base.
- Paperless Pipeline: We offer 24/7 support via a searchable learning center, unlimited email support, and instant messaging. We also host weekly online webinars and offer documentation videos for training.
Why Choose Paperless Pipeline?
When it comes to commission and transaction management, Paperless Pipeline is specifically designed to streamline operations, providing brokers with an intuitive and comprehensive solution.
➡️ Comprehensive transaction management: Unlike Loft47, which focuses primarily on commission tracking and financial automation, Paperless Pipeline covers all aspects of transaction management, including document storage, compliance tracking, and deal oversight.
➡️ Commission tracking made simple: Our Commission Module makes tracking and calculating commissions easy, ensuring accurate payouts without the need for complex spreadsheets or additional software.
➡️ Centralized system for brokerages: Ideal for brokerages that want a single, organized platform to manage transactions from start to finish without relying on multiple tools.
➡️ User-friendly interface: Brokers and agents can easily track transactions, upload documents, and monitor progress, ensuring that nothing falls through the cracks.
➡️ Seamless integrations: With over 3,000 integrations with your favorite apps, our software works with third-party tools like DocuSign, providing flexibility without requiring brokers to juggle multiple platforms.
➡️ No long-term contracts: Paperless Pipeline offers flexible, transaction-based pricing, allowing you to upgrade or downgrade your plan anytime to match your business needs. We don’t tie you into long-term or annual contracts.
➡️ All-in-one solution for real estate teams: Designed for real estate teams looking for a streamlined, integrated approach to transaction management and compliance.
Get Your Free Trial of the Best Transaction Management Software
Paperless Pipeline is a purpose-built solution for real estate transaction management. Our intuitive platform helps brokerages stay organized, maintain compliance, and ensure every transaction is handled seamlessly from start to finish.
Are you ready to see how Paperless Pipeline can enhance your brokerage’s workflow? Start with a 14-day free trial—no credit card is required, and you’ll get access to all our features!
With a quick and easy setup, you’ll be able to experience firsthand how our platform can streamline your operations and simplify your processes so you can focus on what matters most.