Title Alliance Announces Partnership with Bank Shot to Allow for Secured Transfer of Earnest Monies
Wednesday, August 12th, 2020
August 12, 2020 (Media, PA) Title Alliance, Ltd, a RESPA-compliant ESOP leader in joint ventured title agencies is proud to announce a partnership with Bank Shot. The patented app allows Title Alliance and its affiliates to safely and securely transfer purchaser and seller monies including earnest money deposits. Title Alliance’s partnership with Bank Shot and its cutting edge technology ensures Title Alliance continues to enhance technology efforts while providing the utmost protection for their clients.
The Bank Shot App enables clients to deposit a check directly in under a minute from the palm of their hand. The use of this technology allows checks to clear the account in one day. When the deposit is sent, the app automatically notifies all parties with an electronic receipt verifying the date and time of the deposit. Bank Shot allows Title Alliance team members to reduce the time, cost, and physical inconvenience of transporting checks. Additionally, Bank Shot and its integration with Title Alliance’s platforms protects consumers against ever-growing real estate-based fraud as their cyber secure process conforms with Check 21 standards.
“We explored several remote solutions and Bank Shot’s product, mission, and commitment to compliance most aligned with our own,” says Chief Executive Officer Jim Campbell. “They have been noted as having ”Best in Class Technology for Functionality, Cybersecurity and Compliance” and the implementation of their app allows for a simplified and secure process for our agents and their clients and continues our commitment to our 2022 Vivid Vision and a culture of compliance.”
Title Alliance has rolled Bank Shot out in Arizona, New Mexico, Idaho, and Florida and will continue rollout in all other locations in Q3 of 2020.
About Title Alliance:
Title Alliance’s roots date back to 1948 when their first agency, which is still in existence today, was formed in Media, Pennsylvania. Since 1983, the company has been forming successful single and multi-state joint ventures with lenders, realtors, and builders. Title Alliance works with partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit. Title Alliance’s family of companies is currently in 10 states with more than 55 offices. More information at titlealliance.com.