Escrow

Opus Bank Announces First Quarter 2019 Earnings Release and Conference Call Date

Retrieved on: 
Wednesday, March 27, 2019

It is recommended that participants dial into the conference call or log into the webcast approximately 10 minutes prior to the call.

Key Points: 
  • It is recommended that participants dial into the conference call or log into the webcast approximately 10 minutes prior to the call.
  • Opus Bank is an FDIC insured California-chartered commercial bank with $7.2 billion of total assets, $5.2 billion of total loans, and $6.0 billion in total deposits as of December 31, 2018.
  • Opus Bank provides banking products and solutions to its clients through its Retail Bank, Commercial Bank, and Merchant Bank.
  • Opus Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Escrow and Exchange divisions.

SellApp.ME Launches Premium Classified E-Commerce Marketplace App, With Escrow Payments

Retrieved on: 
Monday, March 25, 2019

Also introducing escrow payments to better protect customers money during the transaction process.

Key Points: 
  • Also introducing escrow payments to better protect customers money during the transaction process.
  • While there are already traditional P2P classified marketplace apps like LetGo and OfferUp, SellApp.ME is the first premium mobile marketplace platform in the US that filters the sellers offer with price minimums in its product categories.
  • Card payments go to escrow before release, to give the buyer a chance to inspect the product first.
  • SellApp.ME is a premium marketplace platform connecting buyers and sellers to securely transact.

REX Expands Service to Philadelphia, Southern New Jersey

Retrieved on: 
Thursday, March 21, 2019

REX offers a fixed 2 percent commission covering both sides of the transaction - compared to the 6 percent charged by traditional realtors.

Key Points: 
  • REX offers a fixed 2 percent commission covering both sides of the transaction - compared to the 6 percent charged by traditional realtors.
  • The professional team at REX handles everything from listing to close, including escrow, titling, mortgages and insurance shopping.
  • REX saves consumers up to 70 percent of what they would pay with a traditional agent, said Jack Ryan, co-founder and CEO of REX.
  • With the addition of Philadelphia, REX now operates in California, Colorado, Florida, New Jersey, New York, Oregon, Pennsylvania and Texas.

Wilmington Trust Expands Escrow Services with Designation as Qualified Intermediary for 1031 Exchanges

Retrieved on: 
Tuesday, March 5, 2019

expanded its suite of escrow services to operate as a qualified intermediary for the facilitation of Section 1031 like-kind exchanges.

Key Points: 
  • expanded its suite of escrow services to operate as a qualified intermediary for the facilitation of Section 1031 like-kind exchanges.
  • "Becoming a qualified intermediary expands our role as a full-service solution provider in the like-kind exchange and escrow space," said Jack Beeson, head of Wilmington Trust's Global Capital Markets division.
  • "We are very pleased to have David join our strong escrow services team to grow the 1031 business.
  • Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank and certain other affiliates, provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management and other services.

Signature Bank Named #2 Institution in the U.S. in Three Categories of National Law Journal’s “Best Of” Survey

Retrieved on: 
Friday, March 1, 2019

The categories include Best Business Bank, Best Private Banking Services and Best Attorney Escrow Services.

Key Points: 
  • The categories include Best Business Bank, Best Private Banking Services and Best Attorney Escrow Services.
  • Every year, the National Law Journal polls the legal community nationally on the best products and services for their law office practices.
  • From data technology products and banking services to litigation support and alternative dispute resolution providers, National Law Journals Best of survey showcases the businesses that stand out among their competitors.
  • The voting process is purely democratic, and results represent the opinions of National Law Journal readers as well as members of the national legal community.

Wilmington Trust Expands M&A Escrow and Paying Agent Team with Senior Hires in Texas

Retrieved on: 
Tuesday, February 26, 2019

is expanding its M&A Escrow and Paying Agent group with two senior hires in the Dallas, Texas office.

Key Points: 
  • is expanding its M&A Escrow and Paying Agent group with two senior hires in the Dallas, Texas office.
  • Wilmington Trust established the Dallas office in 2012, providing support for public finance, business escrow, M&A, and corporate debt deals in Texas and surrounding states.
  • The division has dramatically grown its M&A practice in recent years, offering escrow agent, disbursement agent, and paying agent services, as well as investment options and 1099 tax reporting services.
  • As client development officer for the M&A team, Greg Stites is responsible for directing the sales and marketing efforts for Wilmington Trust's escrow and paying agent services throughout Texas, Oklahoma, Arkansas, Louisiana, and New Mexico.

Silk Adds Deep Industry Experience With Robbins

Retrieved on: 
Tuesday, February 26, 2019

"Monte brings a wealth of executive experience to Silk.

Key Points: 
  • "Monte brings a wealth of executive experience to Silk.
  • Robbins will be responsible for working with the Silk executive team to automate processes, reduce costs, and remove hassle from the traditional closing experience.
  • The Silk Companies LLC is a family of companies providing products and services to the residential and commercialreal estate markets.
  • Silk Title & Escrow LLC provides title insurance, search and settlement services all over the nation to institutional lenders, mortgage lenders, developers, REO sellers, realtors and foreclosure attorneys.

Agora AltX Launches First-Of-Its-Kind Blockchain Solution for Opportunity Zone Funds

Retrieved on: 
Wednesday, January 23, 2019

Agora AltX is excited for this announcement, as PathchainTM is a proprietary blockchain that serves as the backbone of Agoras fund administration services.

Key Points: 
  • Agora AltX is excited for this announcement, as PathchainTM is a proprietary blockchain that serves as the backbone of Agoras fund administration services.
  • PathchainTM will be launched at the Opportunity Zone Expo, January 25, 2019 in Los Angeles, CA, Booth #11.
  • To realize the potential of PathchainTM, Agora AltX has partnered with reputable banking institutions to provide escrow, disbursement, and operating accounts to fund sponsors that seamlessly integrate with the Agora AltX technology.
  • Agora also offers complimentary investment tools for Opportunity Zone Funds to provide their investors.

Flyhomes Expands Into New Businesses Heading Into 2019

Retrieved on: 
Friday, January 18, 2019

In 2018, we launched our Cash Offers Program, Flyhomes Crew, Flyhomes Mortgage, Flyhomes Closing, and expanded into Portland, OR.

Key Points: 
  • In 2018, we launched our Cash Offers Program, Flyhomes Crew, Flyhomes Mortgage, Flyhomes Closing, and expanded into Portland, OR.
  • Each new business Flyhomes has entered was launched to solve a pain point that Flyhomes and its clients faced over the past three years.
  • The Flyhomes family of companies includes FlyHomes, Inc., and its wholly-owned subsidiaries: FlyHomes Brokerage, LLC, FlyHomes Mortgage, LLC, FlyHomes Closing, LLC, and Madre Homes, LLC (d/b/a FlyHomes Crew).
  • Please note that FlyHomes, Inc ("FlyHomes"), has a business relationship with FlyHomes Mortgage, LLC ("FHM"), which provides mortgage brokerage services in the state of Washington, and FlyHomes Closing, LLC ("FHC"), which provides title and escrow services in the state of Washington.

REX Homes Launches Services in Sacramento

Retrieved on: 
Friday, January 18, 2019

REX , the most effective and least expensive way to buy and sell a home, announced today it is open for business in Sacramento.

Key Points: 
  • REX , the most effective and least expensive way to buy and sell a home, announced today it is open for business in Sacramento.
  • Sacramento is the natural next step for REX in California after successful launches in Southern California and the Bay Area, said Jack Ryan, co-founder and CEO of REX.
  • On the purchase of a non-REX home, REX gives a rebate of half of the buyer agent commission, saving buyers thousands of dollars.
  • Uniquely, REX also simplifies the home transaction process by offering its customers escrow, mortgage and insurance services.