Last year, True North Title partnered with Earnnest to make the delivery and deposit of earnest money easier and trackable. Earnnest allows for a fully digital transfer of funds from the buyer’s bank account, to our escrow account.
How does Earnnest work?
True North Title, or the real estate agent, uses the Earnnest app to create an EMD request from the buyer:
Once this is done, the buyer creates an account on Earnnest, verifies their bank account information, and sends the earnest money deposit. All parties then receive a receipt with proof of deposit. The buyer’s bank account information is never stored, nor disclosed to anyone else in the transaction. Best of all, there’s no need to deliver a paper check in-person or get a money order!
For more details, here’s a video of how Earnnest + True North Title works!