March 25, 2020 03:42 PM Eastern Daylight Time
GREENVILLE, S.C.--(BUSINESS WIRE)--Land Title® Guarantee Company, a nationally recognized and locally owned title company based in Denver, has partnered with Earnnest, the future of real estate payments, to be the first title company in the Colorado region offering digital transfers of earnest money deposits (EMDs) through Earnnest’s innovative technology platform.
Earnnest enables buyers to securely send EMDs directly to Land Title from the buyers’ financial institution through a proprietary electronic payment tool, mitigating the risk of wire fraud, eliminating the inconvenient use of paper checks and removing the need for any in-person interaction. Land Title is a team of closing agents and title examiners with more than 50 years of experience and local-market expertise. With in-depth knowledge of Colorado real estate laws, customs and markets, Land Title services clients nationwide by providing accurate and on-time processing of transactions.
“We recognize the demand—especially now—for digital earnest money transactions and expedited our timeline for this partnership to bring digital earnest money to our clients as soon as possible,” said Land Title Senior Vice President of Sales & Marketing Jim Renshaw, noting the original start date for the partnership was set for June 2020. “Given the recent emphasis on work-from-home and 100% digital solutions, we’re proud to bring Earnnest to agents and consumers, so business can continue even through the challenges of newly remote work environments and social distancing.”
Earnnest requires no paper checks, connects digitally with every bank nationwide, and has banking-level security and encryption. Through automated emails, Earnnest sends updates on money movement to agents, buyers and escrow holders throughout the length of the transaction. The system also generates receipts, which are emailed to all parties involved in the transfer.
“Land Title is a well-respected name in the Colorado region and beyond; we are excited to partner with such a prestigious team of local-market experts,” said Rick Altizer, Earnnest CEO. “We recognize the unfortunate complexities created by the coronavirus pandemic, as well as the tremendous value our wholly virtual earnest money transactions can immediately offer their clients.”
“Using Earnnest, real estate agents can easily request EMD transfers from their buyers without having to pick up a check,” said Renshaw. “This partnership provides a much-needed solution for real estate transactions to continue uninterrupted, from anywhere at any time.”
ABOUT LAND TITLE® GUARANTEE COMPANY
Land Title® Guarantee Company is nationally known and locally owned and operated. With Land Title and the team’s 50+ years of expertise and experience, you’ll partner with closing agents and title examiners who know Colorado real estate laws, customs and markets inside and out. Rely on thorough record searches and secure handling of your money and information. Receive accurate and on-time processing of your transaction by the best people in the industry. Visit www.ltgc.com to learn more.
Greenville, S.C.-based Earnnest is changing how money moves in real estate, allowing buyers to securely and electronically deposit funds directly to an escrow holder. Earnnest keeps agents, buyers and escrow holders in the loop with automated emails and tracking information. Visit Earnnest.com.
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