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  • Earnest Money Deposit (EMD)

    ZOCCAM streamlines the home buying experience by enabling the parties to securely send funds and documents, as well as authenticate the borrower’s identity. Scan the QR Code Below to Download the App.

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    Introducing ZOCCAM for Your EMD Delivery

    Being able to do everything electronically frees up time, decreases liability, and cuts down on costs. Electronic earnest money deposits eliminate the need for wiring instructions, creating a more secure payment process, and reducing the fees associated with wire transfers. Our realtor clients will no longer have to deliver earnest money checks manually. Realtors gain greater peace of mind with, not only a decrease in liability but also a decrease in personal expenses. Eliminating courier fees is another savings that will be enjoyed by their clients, giving their buyers a better overall home buying experience.

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    ZOCCAM’s application does not contain or hold any financial information.

    Unlike wire transfers, ZOCCAM does not divulge the title company account numbers of the bank.

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    The check is encrypted from capture to delivery to ensure safe transmission.

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    Multi-factor authorization is utilized for added security - and your peace of mind.

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    Data is secured via Secure Socket Layer (SSL) with 2048 bit encryption.

    Electronic Delivery Makes Monetary
    Transfers Simple & Secure

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    • ZOCCAM is safe and simple to use.
    • ZOCCAM provides customers with a smooth, secure closing experience.
    • The app is easy to use and allows clients to send their earnest money deposit securely and electronically.
    • ZOCCAM works on iPhones and Android phones, as well as on tablets.
    • ZOCCAM is free to download and free to use.
    • ZOCCAM takes the security risks out of downloads and eliminates potential fraud.
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    What Is Earnest Money?

    Earnest money is a payment made by a homebuyer to show to the seller that he or she is serious about buying.

    When Do I Pay Earnest Money?

    The timing of your earnest money payment is generally stated in your contract. In most cases, earnest money is due simultaneously with, or shortly after, the contract is signed by both buyer and seller.

    Where Does The Earnest Money Go?

    Typically, earnest money is held by a third party called an “escrow agent” or “escrow holder.” The escrow holder may be a title company, a real estate office, an attorney’s office, or any other party designated in the contract.

    Does Earnest Money Count Towards The Cost Of The House?

    In most cases, homebuyers receive credit for their earnest money deposit at time of closing.

    What Is the Verification Process?

    Most buyers will be verified by providing basic information such as:

    • Last four digits of their Social Security Number (SSN)
    • Current address
    • Legal first and last name

    If the above information does not satisfy our verification score, then a buyer will provide their full SSN. For the less-than-10% of buyers whose full SSN does not satisfy the verification process, our system will ask for a valid form of identification. These are:

    • U.S. passport
    • State-issued I.D
    • U.S. driver’s license Finally, if automatic verification is not possible we can manually verify.
    Why Would Manual Verification Be Required?

    Buyers may require manual verification for the following reasons:

    • A buyer did not use his or her legal first or last name.

    • A buyer recently moved so the system cannot match the address provided with the address on public record.

    • A buyer mistyped their name, address or SSN.

    • A buyer provides ITIN instead of SSN.

    • A non-valid document was uploaded like an expired driver’s license, nonofficial form of ID or identification document containing a blurry photo.

    Are There Additional Options for Me to Deliver My EMD to Ridgway Law Group?

    Yes, you can provide a check or send a wire.

    Can I Use This Same Electronic Delivery Option to Send My Closing Funds?

    At this time, no.

    Disclaimer: For use for earnest money deposits only. DO NOT use for closing funds. App cannot be used for foreign checks. App may not work for money orders.