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Ashley Cook, Founder, and CEOAfter receiving her law degree, Ashley followed her mother’s footsteps in the real estate space, building a practice focused on representing title companies and real estate brokers. Having experienced the market pain points at close quarters, she tried to seize the opportunity when mobile apps became prevalent to identify the need for technology that connects the realtors and buyers with the title company.
“Wire transfers were costly, with the added risk of frauds while issuing a check as well as the tiresome back end efforts behind physically delivering it to the title company,” says Ashley.
This gave birth to ZOCCAM in 2015, a platform that utilizes a mobile app to securely send documents and funds to the Escrow Agent in order to affect the deposit and open the order.
The company streamlines transactions by reducing human labor and linking parties through technology, reducing liability, and increasing transparency.
Because ZOCCAM conducts all of the legwork on the back-end, the customer only needs to know where they are 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.
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.
“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 fulltime 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.
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ZOCCAM , a platform that utilizes a mobile app to securely send documents and funds to the Escrow Agent in order to affect the deposit and open the order.
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.
Company
ZOCCAM
Management
Ashley Cook, Founder, and CEO
Description
Founded in 2015, Texas-based ZOCCAM streamlines the home-buying experience by enabling the parties to securely send funds and documents to the title company and lender. ZOCCAM takes manual delivery, deposit & document management out of the closing processes as well as security risks out of the transaction eliminating potential fraud for the buyer, seller, agent and broker. The company caters to the reduction of risk and transaction time while increasing security and transparency but at the same time creating trust in the transaction by authenticating the borrower’s identification
ZOCCAM News
AppBrilliance and ZOCCAM Technologies Forge Groundbreaking Partnership to Revolutionize Real Estate Payments
C. Eric Smith, Founder and CEO of AppBrilliance, expressed enthusiasm about the partnership, stating, "We're excited to work with ZOCCAM as they continue to reshape real estate payments. This collaboration marks the initial stride in our mission to create seamless, secure, and instantaneous payment experiences. We invite strategic partners across all verticals to enhance their payment platforms with our capabilities."
ZOCCAM, a well-regarded entity within the largest national title insurance underwriters, banks, and real estate conglomerates in the United States, is set to leverage the capabilities of AppBrilliance's Money API™ for swift and secure fund transfers across The Clearing House's Real Time Payment and FedNow's networks. This collaboration enables homebuyers and consumers to seamlessly conduct real estate payments through ZOCCAM's mobile app, ensuring instant transactions and a substantial reduction in fraudulent activities. AppBrilliance's Money API™ brings about genuine innovation across various sectors, offering buyers unprecedented control over real-time payments through their respective financial institutions.
Ashley Cook, ZOCCAM CEO and Founder, commented, " Breaking new ground is a rare privilege, and after introducing earnest money deposit technology to revolutionize the real estate market in 2015, we are thrilled to unveil our latest advancement – Real-time Payments. Changing the industry once is extraordinary; transforming it twice is a testament to our commitment to pioneering solutions that redefine the market landscape."
Enabling Real-Time Payments Across Diverse Sectors
AppBrilliance's Money API™ brings the capabilities of real-time payment technology to partners in various industries, utilizing the RTP and FedNow networks. Sectors including brokerage, finance, e-commerce, mobile wallets, and others can harness this transformative technology to improve customer experiences and simplify transactions.
Facilitating Collaboration with Key Industry Players
AppBrilliance is proactively collaborating with leaders in pay-by-bank and Open Banking sectors to explore the integration of its Money API™ into their platforms. These collaborative efforts have the potential to redefine the landscape of payments, providing consumers and businesses with unparalleled control and convenience.