Case Study: eXp Realty achieves 4-minute escrow deposits with Propy Title

eXp Realty closes earnest money deposits in 4 minutes with Propy

The customer, eXp Realty agent Tasha Goins, faced the common industry challenge of slow and delayed real estate transactions, particularly the process of depositing earnest money which was typically hampered by bank hours and weekend delays. To provide a faster and more secure closing experience for her client, she utilized the services of vendor Propy and its Propy Title platform.

Propy implemented its blockchain-powered title and escrow platform, which offers 24/7 automated contract management and secure deposits. The solution achieved a new industry record, reducing the earnest money deposit process from a typical 48-72 hours to just 4 minutes, a 100% reduction in weekend delay. This resulted in increased client satisfaction and eliminated the risk of wire fraud, providing a seamless and secure transaction.

eXp Realty