The Future of Escrow: More Digitization, Fewer People, Less Paper
In the world of escrow, boring is good. If everything goes according to plan, nothing really happens; money gets held, money gets released. But when things suddenly stop being boring, having the right partner can mean the difference between a smooth transaction or a nightmare of pushed deadlines, lost business opportunities and unexpected costs. Putting money in escrow can be a drawn-out and invasive process. Setting up an escrow account and getting documents in order often takes over two weeks — far longer than setting up a personal banking or corporate account.