Warranty of Availability for Earnest Money Deposits (EMDs).
RE/ProTool DeposiTR alleviates the difficulties associated with EMDs that are canceled or refunded in the initial days of a transaction, and it eliminates the headaches of accepting ACH funds into your Trust Accounts.
Remote Deposit Capture (RDC) and eCheck (ACH) EMD Capabilities
Enable Consumers to submit Earnest Money for their real estate transaction wherever and whenever is best for their circumstances via check capture or ACH deposits.
The DeposiTR Quality Control process ensures that Title Agencies have precise knowledge of the source of EMD funds, the association between Real Estate Professionals and consumers, and their specific Title Order within the production system. QC procedures enhance direct and improved communication between Title Agencies and Real Estate Brokers.
Warranty of Availability
EMD funds deposited into your Trust Account will never be clawed-back!
Daily reconciliation of received funds
Title Agency Admins have access to every pending and deposited EMD. An intuitive reconciliation page shows all deposits. Admins can easily search for EMDs and associated information. EMDs never become orphaned or hard to find!
Automatic and configurable notifications to linked users and to the EMD Consumer
From initial Consumer submittal to deposit in your Trust Account, each EMD is tracked and notifications about its progress are automatically sent to linked users as configured by the Title Agency Admin.
Dreams do come true and RE/ProTool DeposiTR is the EMD solution to make your dreams a reality!
DeposiTR is an easy to use, EMD process which takes the hassle out of returns, wrong accounts, and insufficient funds - all while protecting your Trust Account from claw-backs!
Making it easy for consumers means additional business for you! DeposiTR is a progressive web application that allows consumers to access it from your Company website or from a link within an EMD invitation email. Whether on a website or a mobile phone, Consumers have immediate access without downloading from an App store!
Increased security brings peace of mind! DeposiTR has introduced a multi-factor access process for Consumers. This process issues an individualized and unique security code that is essential for accessing and submitting their earnest money. The DeposiTR link and security code are never sent together; we employ separate methods for their delivery to the Consumer.
Warranty of Availability
Simplifying your life and business! Funds hitting your Trust account will never be clawed-back!
Multiple EMD Methods
Enabling more choices for Consumers! Supporting multiple EMD deposit approaches makes your business more attractive to your Real Estate customers and to their customers – the Consumer. Consumers can use a physical check through our Remote Deposit Capture (RDC) capability or an eCheck if they prefer to submit their EMD through the ACH Network.
Quality Control (QC) Process
Your Company is in full control of the EMD process! DeposiTR streamlines the process of accepting EMDs without many of the headaches of our competitors! Your Agency previews every EMD for correctness and completeness and EMDs are associated with orders within your production system prior to authorizing the deposit. DeposiTR processes eliminate orphaned EMDs hiding in your production system!
Knowledge is power! Know exactly where every EMD is in the process from consumer submittal to Trust Account deposit. Your Agency Admin has the ability to configure automatic notifications to ensure the right people receive the right information at the right time!
Daily Reconciliation and Simple Search
Knowing everything about each EMD brings tremendous peace of mind! DeposiTR provides a daily reconciliation report of your EMDs with their current states and statuses. Have a question about a specific EMD? Simply type in its associated order number or unique DeposiTR transaction ID and you will have all the history about the EMD at your fingertips!
Dreams are now a reality! RE/ProTool DeposiTR provides your team with an Earnest Money Deposit platform offering multiple deposit solutions to your Customers while offering protections for your Trust Accounts!
DeposiTR makes the impossible - possible!
Contact us to experience the growth DeposiTR can provide for your business!