Fintech company Payload’s real estate platform Keybox integrated with Sacramento-based SkySlope, a real estate transaction management platform. With the integration, SkySlope users can automate the collection and deposit of earnest money deposits (EMD) in seconds.
“When we explored electronic EMD options, we quickly landed on Payload Keybox. Their integration platform is robust and allows SkySlope to create the type of seamless experience brokerages, agents, and homebuyers expect,” SkySlope Vice President of Product Buck Avey said in a release.
The integration includes a “request deposit” button that agents can click to select the escrow holder and request earnest money from their homebuyer. The homebuyer receives a secure payment request, and the funds are routed to the designated escrow holder.
“Rather than introducing an entirely new platform to learn and adopt, Keybox is designed to simply integrate into existing platforms. This tight integration creates ease of adoption for SkySlope since they are already familiar with the transaction workflow. The rollout process to agents is simply pointing out the new ‘button,’” Payload Vice President of Partnerships Zach Jacob said.
Payment activity is recorded within the SkySlope log and electronic receipts are distributed and posted automatically. Administrators can further automate the reconciliation process through Payload’s dashboard.
“Keybox’s one-touch EMD solution has been widely accepted by our agents. Being fully embedded within the SkySlope platform, roll out was a breeze, and we’ve seen immediate adoption; it’s a big step in our quest to eliminate checks,” Carolina One Real Estate Chief Financial Officer Dave Sansom said.
Carolina One is a Charleston, S.C.-based brokerage operating across 14 offices.