Security at TrustFunds

Our greatest focus at TrustFunds is the security of your client’s data. We go above and beyond industry standards to ensure data is handled securely from start to finish.

Increase Security

TrustFunds vs Paper Check

TrustFunds
Electronic Earnest Money

  • Allows buyer to retain control of account information
  • No photocopies of account information
  • No email of copies of check including buyer's account information
  • Account information encrypted

Traditional
Earnest Money Paper Check

  • Bank account information shared with strangers
  • Bank account information retained in files long after the transaction is complete
  • Risk of unauthorized intercepting account information
  • Account information kept long-term by transaction professionals

Our TrustFunds platform offers layers of digital security far more advanced than the paper check. No more client account numbers or routing information floating around your cars or purses. No more paper copies sitting on your desk. TrustFunds’ electronic earnest money process ensures complete security for all parties.

Why is TrustFunds’ ACH process more secure (and convenient) than a Wire Transfer?

Shared information – There is no need for trust account holders to share their bank account information with buyers. In a wire transfer, trust account holders have to provide their account information in order for the buyer to route it to their account. This also eliminates the risk of a buyer sending funds to a bogus account by mistake.

Convenience – TrustFunds payments can be made anytime from anywhere, whereas wire transfers must be made from a physical bank branch.

Fees – TrustFunds transactions require a $5 convenience fee. Wire transfers are often more than $25.

Documentation – TrustFunds offers detailed documentation of payments on the Payment History Report. Wire transfers offer no documentation as proof of payment for the lender.

MLS Integrated – Agents access TrustFunds directly from the MLS, and all listing data is pulled from MLS data. This ensures that all property information is up-to-date, and funds direct to the proper trust account.

The tracking component…is probably the most valuable. Not having to worry about where the check went…or having to track it whatsoever… it’s just all right in your pipeline on the website.

Chad Dixon, Realtor – RE/MAX Results

[I like] the security of knowing it’s just done. You don’t have people’s check numbers floating around.

Janelle Murlowski, Realtor – Downtown Resource Group (DRG)

Earnest money is tracked and recorded the entire time, we know exactly when the client has made that payment, and we know it has been received on the other end.

Adam Duckwall, Broker – BRIX Real Estate

Still have Security Questions?

We get the importance of security – especially when it’s your client’s data. We want you to have answers to all your security questions as you partner with TrustFunds. If you still have questions, ask away!

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