Escrow Holder Resources
Grow your business without growing your team
Is your escrow holding company looking for ways to expand your business without expanding your team? Technological efficiencies (such as digital earnest money deposits and refunds) multiply the effectiveness of each man hour your team invests. These powerful solutions remove repetitive tasks letting your team focus on expanding the business (without expanding the team). Get more from your existing team with this innovative technology:
Clear your uncashed refunds
Keeping track of uncashed refunds can burn a lot of man hours for your team. And regulations require the tracking and return of these funds. Let Earnnest do the busy work for you and eliminate the need for manual tracking. Our earnest money deposit refunds send the funds back to the original payment account with no action needed from the original payer. All you have to do is click a button and the buyer gets their payment back — saving time and resources for your company.
Free up your staff
Are you dedicating staff to be on hand to receive checks? This is a common practice that can be completely eliminated with digital payments. Your team will be freed up to tackle value-add tasks instead of manning a desk to accept payments. Digital payments can be paid from anywhere at any time (think: clients submitting their funds from home and after hours). That flexibility is important for buyers but it’s a benefit for you as well. Payments anytime, anywhere means your team doesn’t need to wait on site to collect a check.
Automate your reconciliation
Earnnest’s digital platform automates your reconciliation process saving costly man hours spent coordinating the books. A unique tracking ID is provided for each payment as well as payer and transaction details — like property address, payment amount, and more — making reconciliation quicker. Our powerful system handles the busy work so your team finishes reconciliation more efficiently and can move on to higher-value tasks.
Read more about the benefits of Earnnest’s automated reconciliation tools with this user case study: Bank reconciliation simplified.
You’re only given 24 hours in a day. Get the most out of your team’s hours by activating technology in their daily workflow. Giving your staff a way to simplify their work and get more done lets you grow your business without growing your team.
Request a demo or Register your business today.