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 … Read More

Isn’t it great to be able to track the packages being sent to us, track the distance we run during our workout, track our phones in case we misplace them, and track how many calories we’ve eaten? TrustFunds adds one more thing to the list of conveniently tracked items: earnest money payments. In the current real estate sales process, buyers … Read More

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 … Read More

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 … Read More

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 … Read More

Paper checks have been used for ages to submit earnest money payments in real estate transactions, but the fact is that passing around a paper check, which includes account information, from a buyer, to agent, to broker or title company is unsafe. In a day and age where we can build computer systems strong and safe enough to protect our … Read More

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 … Read More

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 … Read More