Protect Your Banking Information: Pay Using TrustFunds

sproutadminUncategorizedLeave a Comment

When it comes to making an earnest money payment on a home, security is a top priority. Traditionally, paper checks were used to make earnest money payments, but as the real estate sales process has become more digital, a new way to make payments has arrived. TrustFunds eliminates the paper earnest money check and provides an earnest money payment that

5 Things Real Estate Agents Need to Know About ACH

sproutadminUncategorizedLeave a Comment

TrustFunds delivers banking industry payment technology and applies it to the earnest money payment process in real estate transactions. Automated Clearing House (ACH) is a payment network that allows electronic submission of payments by directly withdrawing a designated amount of money from a savings or checking account and depositing it into another banking account.  *Annually in the United States, over

The Final Step of a Fully Electronic Real Estate Transaction

sproutadminUncategorizedLeave a Comment

Convenience Can you imagine a real estate transaction without the use of technology? It’s difficult to remember how things were done before using tools like email, electronic forms, electronic signatures, web-based transaction management systems and online MLS listings. Almost every part of the real estate process is digitized. The listing agreement is often typed, distributed and sent for electronic signature

Online Earnest Money is the Next New Norm in Real Estate

sproutadminUncategorizedLeave a Comment

Technology is becoming more simple and more widespread. The generation of children who grew up learning technology from a young age are becoming adults and are accustomed to an electronic way to handle everything, even making payments. Sixty-nine percent of customers ages 18-35 won’t even shop at a business that doesn’t accept electronic payments. Their parents, coworkers, and friends (even

The One Virtual Tool Every Real Estate Agent Should Be Using

sproutadminUncategorizedLeave a Comment

Time is money. Especially in real estate where agents set their own hours and decide how to spend their time. Do you ever wonder how much money you waste in a day on the time spent on petty tasks? Fifty-eight percent of agents said they spend most of their work hours at the office, while twenty-eight percent spent more time

Paper Checks Are a Thing of the Past

sproutadminUncategorizedLeave a Comment

Ask a millennial if they have a checkbook and most would say no. Truth is, this answer is becoming increasingly popular with consumers of all ages. A study by The Federal Reserve found that between the years 2000 and 2012, the number of payments made by check in the United States decreased by more than 50%. There are various factors

How Does Electronic Earnest Money Really Work?

sproutadminUncategorizedLeave a Comment

If you’ve already made electronic earnest money payments a part of your real estate transaction process, you know the magic of TrustFunds.  Learn more about how it really works. TrustFunds is the tool a buyer uses to electronically submit their earnest money payment, but where does the payment go after that? The answer to this question: TrustFunds does not hold the

Electronic Earnest Money Safest & Most Efficient

sproutadminUncategorizedLeave a Comment

You’ve heard that the new standard in real estate transactions, electronic earnest money, is safer and more efficient, but do you really understand why? Unlike the old method of submitting earnest money by a paper check, TrustFunds electronic earnest money has multiple steps of verification in place to protect the buyer’s personal banking information including a step that adds a