Fifth Third Bank is collaborating with ZOCCAM to offer title and escrow clients the ability to receive earnest money through electronic third-party delivery.
“At Fifth Third, we believe in finding the best solutions for our clients and working with a company like ZOCCAM gives us the opportunity to creatively address our title and escrow clients’ needs,” Fifth Third Bank Senior Vice President Matt Sargent said in a release. “ZOCCAM improves the speed of the process for our clients, but there are also increasing concerns about wire-transfer fraud in the real estate industry. With ZOCCAM, our clients have a secure and simple method for receiving payments and documents.”
ZOCCAM’s mobile app that enables real estate agents to send a buyer’s earnest money payment directly to a title company using mobile remote deposit capture technology.
“Companies want to do business with banks that are committed to digitalized processes,” said Ashley Cook, ZOCCAM’s founder and CEO. “It saves them money, time and creates an overall better experience. Our customers will greatly benefit from Fifth Third’s commitment to technology.”