Florida Agency Network Introduces Electronic Earnest Money Delivery

January 5, 2021

Florida Agency Network (FAN) has released a new electronic Earnest Money Deposit (EMD) program aimed at streamlining the closing process and keeping everyone safe and secure.

The service allows customers buying homes to transfer funds digitally through the EMD program. In addition, the company said it allows for the added benefits of protecting sensitive information, enabling out-of-town closings and allowing customers to receive a verified and automated receipt for their records.

“One of the items that is a consistent burden to our clients is the handling of EMDs,” said Aaron Davis, CEO of FAN. “We live in a world of technological innovation, digital movement of funds, and less dependency on checks and paper currency. This new service offers convenience to our clients, and a more efficient solution for receiving funds. The days of racing to the title office within 72 hours of signing a contract, mailing or overnighting funds or waiting hours for wiring instructions are history.”

The service directs consumers to Earnestly, Payload’s platform for secure electronic real estate payments.

“We’re excited to partner with FAN to enhance the home buying experience across the state of Florida,” said Ryan Rybolt, CEO of Payload.

Contact ALTA at 202-296-3671 or [email protected].