New Dotloop feature Earnnest to offer agents and homebuyers an easier, faster and more secure means of transferring earnest money digitally.
Earnnest℠, the largest digital earnest money service in the United States, is now offered as a new feature in Dotloop®, an industry-leading, end-to-end transaction management software for real estate professionals. The new Dotloop feature gives real estate agents a faster, more secure and convenient way for their clients to digitally transfer earnest money via the Earnnest platform.
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Earnnest will power dotloop’s newest enhancement to provide real estate professionals with a safe, contactless way to transfer deposit funds. Buyers no longer have to drive to their agent or bank to make a deposit on a property with a paper check. Instead, they can simply click a button, and the funds transfer safely via a bank-level encrypted digital payment that speeds their deposit to the title or escrow company with no exchange of hands.
“By digitizing the earnest money transfer, this latest partnership is one more way dotloop is working to provide its agents and their customers with a fully digital transaction experience,” says Marnie Blanco, Dotloop VP, Industry Relations. “A faster, more secure and more affordable way to transfer deposits, the Earnnest feature streamlines this key customer interaction step early in the process and is especially appreciated by buyers now in this time of social distancing.”
With Earnnest, agents can take comfort in knowing there’s a safer approach than wire transfers. “Our safe, closed network provides the promise of incredible security,” says Earnnest CEO Rick Altizer. “Our platform not only features banking-level encryption but also doesn’t use wires — preventing wire fraud — or personal checks, which are replete with sensitive, personal information.”
