Paperless Pipeline Vs. Brokermint: Cost, Key Features, And Drawbacks
Paperless Pipeline and Brokermint are two of the most popular transaction management tools in the real estate industry.
Thousands of real estate brokerages across the U.S. trust both platforms to handle hundreds of thousands of transactions annually.
In this article, we’ll unpack both Brokermint and Paperless Pipeline so that you can make an informed decision about the software you use for your brokerage operations.
An Overview of Brokermint
Brokermint is a cloud-based real estate back-office platform aimed at helping brokerages manage operations.
It offers features like transaction management, commission automation, agent management, and accounting tools to assist with tasks such as document handling, eSignatures, and commission calculations.
For transaction management, Brokermint uses workflow automation to keep track of documents, forms, and deadlines.
It also includes commission management tools that calculate commissions based on customizable structures.
Accounting features such as agent billing and next-day automated clearing house (ACH) payments are also included.
An Overview of Paperless Pipeline
Paperless Pipeline is a simple cloud-based transaction management system designed to automate brokerage operations and support high-volume users, such as brokers, real estate teams, and transaction coordinators.
We’re known for our ease of use, affordability, and flexibility, and our features are designed to simplify real estate tasks.
Paperless Pipeline allows users to manage and store transaction documents securely online. We support checklists, transaction reports, and automated data tracking to ensure compliance and streamline the closing process. Our system provides alerts and notifications to keep users on track and audit-ready.
Users can generate commission disbursements through customizable commission plans, manage customer fees, and handle agent splits. The software also offers instant agent statements, which helps streamline financial management for real estate brokerages.
While Paperless Pipeline isn’t accounting software, we offer over 3,000 Zapier integrations, making managing documents, commissions, and transaction-related financial tasks easier.
Key Features
Understanding the key features of both platforms is essential so that you can make an informed decision about which software is best for your brokerage:
Brokermint
Below are some of the key features of Brokermint:
✅ Transaction management: Brokermint centralizes transaction management by automating workflows, document handling, eSignatures, checklists, and notifications.
✅ Commission automation: The software automates the calculation of commission splits, fees, and sliding scales. This feature also supports varying commission structures.
✅ Accounting tools: Brokermint integrates with accounting platforms, offering tools to manage agent billing, track payments, and generate commission disbursement forms.
✅ Agent management: The platform assists brokers with agent onboarding, goal tracking, and performance management.
✅ Reporting and analytics: Brokermint offers customizable reports, real-time data tracking, and dashboards.
✅ Integration capabilities: Brokermint integrates with customer relationship management (CRM) platforms, multiple listing service (MLS) platforms, and various accounting tools.
Paperless Pipeline
Here are the core features you can expect when using Paperless Pipeline:
✅ Transaction management: Users can manage documents, track deadlines, and handle the entire transaction process securely online. Our platform supports automated checklists and date tracking to ensure all tasks are completed on time, helping you stay compliant.
✅ Commission management: We offer tools like our Commission Module for commission tracking, allowing users to generate commission disbursements, manage agent splits, and set up custom commission plans. We also offer instant commission statements and detailed financial reporting.
✅ Document management: Our platform allows you to securely store, share, and track revisions of transaction documents. Paperless Pipeline works seamlessly alongside your favorite tools to make managing eSignatures and other legal documents easy.
✅ Compliance and audits: Paperless Pipeline ensures compliance by allowing brokers to review transactions, automate audits, and maintain all documents in a central location. Our platform keeps you audit-ready, helping brokers meet regulatory requirements.
✅ Reporting and analytics: Our system provides essential reporting features such as transaction summaries, production reports, and commission tracking. These customizable reports help brokers monitor progress and finances.
✅ Zero annual contracts: At Paperless Pipeline, we don’t tie you into an annual contract you can’t get out of. Instead, your subscription with us is month-to-month, and you can upgrade, downgrade, or cancel at any time.
✅ Pricing: We base our pricing structure on the number of transactions you need, rather than a set pricing plan with certain features. You only pay for your transactions and nothing else, and you can add unlimited users to your account at no extra fee. You get access to all our features no matter which plan you choose.
Paperless Pipeline Vs. Brokermint Drawbacks
Both platforms have their downsides, which we will unpack below:
The cons of using Brokermint
❌ Problematic integrations: Some users report that Brokermint’s integrations don’t always work as advertised.
❌ Locked features: Brokermint locks most of its features behind its most expensive premium plan. You can’t access clear and transparent pricing on their website; instead, you need to set up a demo to learn more about their pricing options.
❌ Annual contract lock-in: With Brokermint, you must commit to an annual contract that you can’t cancel should you need to downgrade, scale up, or no longer use the platform.
❌ Customization limitation: Some users have found the platform lacking in customization options for workflows and reports. This can make it difficult for brokerages with unique needs to tailor the software to their processes fully.
❌ Limited mobile app functionality: Although Brokermint offers a mobile app, some users have expressed disappointment that not all functions are accessible. Full functionality requires users to sign into the web version.
The cons of using Paperless Pipeline
❌ Financial management: Paperless Pipeline doesn’t offer built-in accounting tools to manage financials. However, with our Zapier integrations, you can integrate over 3,000 of your favorite tools with our software.
❌ Forms and MLS integrations: Our platform doesn’t offer forms or integrate with your MLS.
Paperless Pipeline Vs. Brokermint Pricing
Let’s take a closer look at how the plans and pricing for Brokermint and Paperless Pipeline compare:
Plans and pricing
- Brokermint: The software doesn’t offer upfront pricing. Instead, customers must book a demo to learn what their plan will cost. Most of the features they need are only included in the premium plan.
- Paperless Pipeline: We offer all users a 14-day free trial period before you commit to subscribing to our platform. Our transaction-based pricing starts at just $60 per month with unlimited users. We also don’t require you to sign a contract, and you can easily upgrade or downgrade your plan depending on your needs.
Setup
- Brokermint: This platform doesn’t typically charge a setup fee for its basic service plans. However, fees for implementation or additional services may apply.
- Paperless Pipeline: Our setup is completely free, and we offer free admin training.
Support
- Brokermint: The platform offers email and phone support, a help desk, 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.
Try Paperless Pipeline for Free—No Credit Card Required!
Paperless Pipeline is purpose-built real estate transaction management software designed to help you automate and streamline your brokerage so that nothing falls through the cracks.
You can try out our software with a 14-day free full-feature trial to determine if it is the right solution for your brokerage. We won’t ask for your credit card information, and your setup is completely free.
Visit our website to claim your free trial and learn more about the best real estate transaction management solution and how we can simplify your operations better than anyone else.