We have been informed that another escrow provider is experiencing issues and has stopped making payments for an extended period of time. We will not speculate or read into the messaging on the other provider’s issues. While this has impacted many, we hope it is resolved soon and we’d like to help those it has affected.
At SeedTrust, we want to emphasize that the risk of an account being shut down and causing payment delays is non-existent. SeedTrust has a robust multi-bank system to mitigate single-bank risk within our accounts or at the bank level. Even in the event of a short-term disruption in one of our accounts or at one of our banking partners, we would seamlessly continue operations from one of the others, ensuring uninterrupted payments. SeedTrust also has a secure 5-step approval process for all payments and the maximum amount of fraud protection offered by banks, including positive pay and multifactor approvals. Our accounts undergo daily audits to minimize the risk of unauthorized activity. As additional peace of mind, any funds held by SeedTrust are backed by our substantial $44 million bond.
SeedTrust is the industry-leading escrow expert committed to providing accessible, secure, and reliable services. Considering the recent issues with the other provider, we are here to help.
As a gesture of goodwill, we would like to extend an offer to set up a new escrow account at SeedTrust for those impacted. Further, we will waive our escrow management fee if an escrow management fee was paid to the other provider. SeedTrust is firm in its commitment to our industry. We value our agency partners and clients alike, and we are committed to supporting them. We are readily available to assist in any way possible. Please let me know if you want to discuss this matter further.
Adam Winder President, SeedTrust
We have been informed that another escrow provider is experiencing issues and has stopped making payments for an extended period of time. We will not speculate or read into the messaging on the other provider’s issues. While this has impacted many, we hope it is resolved soon and we’d like to help those it has affected.
At SeedTrust, we want to emphasize that the risk of an account being shut down and causing payment delays is non-existent. SeedTrust has a robust multi-bank system to mitigate single-bank risk within our accounts or at the bank level. Even in the event of a short-term disruption in one of our accounts or at one of our banking partners, we would seamlessly continue operations from one of the others, ensuring uninterrupted payments. SeedTrust also has a secure 5-step approval process for all payments and the maximum amount of fraud protection offered by banks, including positive pay and multifactor approvals. Our accounts undergo daily audits to minimize the risk of unauthorized activity. As additional peace of mind, any funds held by SeedTrust are backed by our substantial $44 million bond.
SeedTrust is the industry-leading escrow expert committed to providing accessible, secure, and reliable services. Considering the recent issues with the other provider, we are here to help.
As a gesture of goodwill, we would like to extend an offer to set up a new escrow account at SeedTrust for those impacted. Further, we will waive our escrow management fee if an escrow management fee was paid to the other provider. SeedTrust is firm in its commitment to our industry. We value our agency partners and clients alike, and we are committed to supporting them. We are readily available to assist in any way possible. Please let me know if you want to discuss this matter further.
Adam Winder
President, SeedTrust
