19 Dec - JanPropTechOutlookWe supply a more secure and easy-to-use method by offering a mobile app, rather than a web-based software that can be accessed via a website or a linkare closing and how much money they're supposed to transfer instead of having to call the bank or go through the protocols of sending a wire."We value our client's earnest life savings or their large money deposits to a title company they have never been to and therefore place greater importance on building their trust in the process. We supply a more secure and easy-to-use method by offering a mobile app, rather than a web-based software that can be accessed via a website or a link," Ashley explains.ZOCCAM's clientele consist of settlement service providers, including title insurance companies, real estate brokerages, or potential lenders. Available for download both on the IOS and Android, ZOCCAM streamlines the process of everyone involved in a real estate transaction. From the standpoint of a title insurance company, it eliminates the need for full-time employees to handle and process paper checks. It also reduces the friction that they may experience with a home buyer who isn't in close proximity to their actual physical location. Realtors, on the other hand, don't have to worry about picking up their customer's check and driving it to the company. The home buyer can also use ZOCCAM, which is a simple process that allows fund transfers in under two minutes, ensuring everyone receives a receipt notification alerting them that the funds have been delivered to the bank, saving both time and money.The journey for Ashley had been an uphill battle of developing a new business model with new technologies around. But thriving on, ZOCCAM apart from securing the market share, has been granted seven patents since its inception. Today, ZOCCAM prides in their customer base with 70 percent of all transactions in the United States. As the first market movers, the company has the intellectual property around the payment space and the real estate vertical and has successfully facilitated the deposits of over $3 billion into title insurance company bank accounts.ZOCCAM envisions continuing their growth as the leading payment provider for all things real estate. The company has in the pipelines plans to add on different payees like home warranty companies, property and casualty insurance companies, appraisers, inspectors, and any such service provider involved during a real estate purchase. "We have come up with a creative solution to make a regulatory compliant payment that can go into an Escrow account legally even if the customers don't have checkbooks. This would enable home buyers to securely create a check and send it directly to the title insurance company's bank for processing Check 21," says Ashley.
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