Consumers are demanding a more seamless and digital home-buying process and the industry is ripe for cybersecurity-related losses. Due to large sums of money being transferred electronically in our industry, wire fraud is an ongoing issue. According to a 2022 ALTA (American Land Title Association) survey, only 17% of wire fraud victims recovered all their funds. Real estate transactions frequently … Read More
Digital Payments Revolutionize Real Estate Transactions
Paper checks are prone to errors, require physical processing, and are vulnerable to fraud.
5 Reasons TrustFunds ACH Payments are Better than Paper Checks
TrustFunds delivers banking industry payment technology and applies it to the earnest money payment process in real estate transactions. The Automated Clearing House (ACH) is a payment network that allows electronic submission of payments by directly withdrawing a designated amount of money from a savings or checking account and depositing it into another banking account. According to the National Automated … Read More
TrustFunds Streamlines Resources for Members
TrustFunds is always looking for ways to streamline processes and make things easier for members. Updated Member Resource Centers in December TrustFunds recently updated all Member Resource Centers to include helpful videos and guides. Including allowing Designated Trust Account Holders (DTAHs) the ability to schedule training and share resources with agents and staff. Agents now have to ability to get … Read More
BDAR and LOBR Partner with TrustFunds to Provide Easier Earnest Money Management
January 25, 2022 Bagnell Dam Association of REALTORS® (BDAR) and Lake of the Ozarks Board of REALTORS® (LOBR) are pleased to announce that they are partnering with TrustFunds to provide its members the ability to easily request, send and receive electronic earnest money. TrustFunds, which will debut in the Lake of the Ozarks MLS early first quarter, adds yet another … Read More
One Billion Dollars of Electronic Earnest Money
TrustFunds has officially transacted over one billion dollars of earnest money through their electronic earnest money solution. TrustFunds integrates directly into the MLS platform so agents don’t have to leave the MLS to request earnest money electronically. It’s secure, it’s convenient and it’s transforming the industry. “We partnered with TrustFunds in their infancy,” says John Mosey, President of Northstar … Read More
TrustFunds transacts Over One Billion Dollars of Electronic Earnest Money
June 25, 2021 TrustFunds hit a major milestone earlier this month, surpassing one billion dollars of earnest money transacted through their electronic earnest money solution. “Our mission at TrustFunds is to give customers ‘more time for more life,’ and this milestone is a reflection of that,” says Lynn Leegard, Founder and President at TrustFunds. “One billion dollars of electronic earnest … Read More
MRED Launches Electronic Earns Money for All Agents
MRED LAUNCHES ELECTRONIC EARNEST MONEY FOR ALL AGENTS May 18, 2021 Midwest Real Estate Data (MRED) brokers are now able to request earnest money securely and conveniently without driving across town to pick up a paper check. TrustFunds electronic earnest money links were launched within MRED’s connectMLS platform earlier this week. This new electronic earnest money benefit for MRED members … Read More
MRED Partners with TrustFunds to Provide Easier Earnest Money Management
MRED PARTNERS WITH TRUSTFUNDS TO PROVIDE EASIER EARNEST MONEY MANAGEMENT April 21, 2021 Midwest Real Estate Data (MRED) is pleased to announce that it is partnering with TrustFunds to provide its members the ability to easily request, send and receive electronic earnest money. TrustFunds, which will debut with MRED early this summer, adds yet another way for subscribers in the … Read More
Northwestern Wisconsin Multiple Listing Service Joins Five Other Wisconsin MLS’s Using TrustFunds for Electronic Earnest Money
NORTHWESTERN WISCONSIN MULTIPLE LISTING SERVICE JOINS FIVE OTHER WISCONSIN MLS’S USING TRUSTFUNDS FOR ELECTRONIC EARNEST MONEY March 2, 2021 Northwestern Wisconsin Multiple Listing Service (NWWMLS) members will be able to request earnest money electronically soon, following a registration period for the market’s trust account holders. TrustFunds is thrilled to add NWWMLS, as most REALTORS® throughout Minnesota and Wisconsin markets already … Read More