Earnnest releases portal to collect earnest money digitally

Digital earnest money service Earnnest released a new portal for escrow-holding businesses to collect earnest money deposits directly from the homebuyer without relying on a real estate agent to send the earnest payment request.

The new Branded Payment Portal feature allows escrow-holding businesses to embed a custom link on their website. Homebuyers click the link to access the portal and make their secure earnest money payment. Allowing the homebuyer to initiate the earnest payment in the escrow holder’s portal reduces a step and leads to a simplified process, according to Earnnest.

The Branded Payment Portal allows for tracking payments as well. After the buyer initiates a payment, receipts are generated and emailed to the appropriate parties. Escrow holders collecting earnest money deposits via the portal are able to view and track all payments as they progress through their payments dashboard. Administrators can track each transaction from paid and processing to deposited.