Bank Shot, an app built for speed and security in sending earnest money, has enhanced its digital disbursements feature to allow closing teams to send disbursements as digital checks through the Bank Shot portal.
“It has always been our vision to make Bank Shot the all-in-one payments solution for the real estate and title industry,” said Abigail Nichols, head of customer success at Bank Shot. “With our enhanced digital disbursements solution, Bank Shot is helping our customers to save on cost and time, so they can focus on what really matters: peace of mind for the homebuyer.”
Previously, sending disbursements required physical mailing or the hand-delivery of checks, accompanied by mailing fees and a two to three-day waiting period for agents to receive commission. Bank Shot’s improvements include dual signature and approval, batch uploading and the ability to schedule recurring payments. These added features not only increase efficiencies for brokerages and businesses, but they also reduce risk and ensure compliance with certain state requirements. In addition, instead of having a cookie cutter approach to payments, customers can configure workflows in a way that works best for their teams as well as state regulations.
Bank Shot is also are also utilizing and strengthening the benefits enjoyed from the original version.
