Take earnest money without emailing wire instructions
Escrow is where wire fraud hits hardest, and every file carries money that belongs to someone else. With Finli from your bank or credit union, buyers get a verified payment link in the bank's brand, and each file's trust ledger ties to the account at the bank.
What gets in the way
Wire fraud on every file
Fraudsters impersonate escrow officers with fake wire instructions. One spoofed email can send a buyer's earnest money to the wrong place.
Trust accounting with no slack
Every dollar must trace to a file, and the bank balance, the ledger and the file balances have to agree.
Many parties per closing
Buyers, sellers, agents, lenders and the county each need confirmations or payments at the right moment.
A week at an independent escrow company handling residential closings
- File openedOpen the escrow file with the parties, the property address and the expected close date.
- Verified link sentThe buyer gets a verified payment link for earnest money instead of wire instructions by email.
- Earnest money landsFunds move bank to bank into escrow trust and post to that file's sub-ledger, with a receipt.
- Parties notifiedBuyer, seller and both agents are told the deposit arrived, with the file number on every confirmation.
- Daily reconciliationThe trust account balance, the trust ledger and the open file balances are reconciled together.
- Closing disbursedAt close, the approved schedule pays the loan payoff, commissions, fees and seller proceeds.
Built for title and escrow
Verified payment links
Earnest money and funds to close collected through a verified link in the bank's brand, not emailed wire details.
Escrow file sub-ledgers
Every deposit and disbursement posted to its escrow file, from earnest money to closing.
Three-way reconciliation
Trust account balance, trust ledger and the sum of open file balances reconciled side by side.
Closing disbursement schedules
Build and approve the payoff, commission, fee and proceeds schedule for each file.
Party notifications
Buyer, seller and agents notified when funds arrive, with the file number on every receipt.
Fee invoicing
Invoice escrow, title and notary fees and collect them by ACH, card or Apple Pay, with reminders.
Verification and monitoring
KYC/KYB verification for businesses on Finli and transaction monitoring on every Finli payment.
For banks and credit unions
Escrow balances are among the most stable deposits an institution can hold, and today they tend to sit wherever the escrow company's software points. A branded escrow program keeps earnest money and closing funds in trust accounts at your institution, and verified links give your clients a safer alternative to emailed wire instructions.
Where these businesses grow next
- Escrow trust accounts
- Treasury management
- Positive pay and fraud services
Keeps a sub-ledger for every escrow file and reconciles it against the trust account balance at the bank and the sum of open file balances.
Talk to our teamCommon questions
How does a verified link help with wire fraud?
Where are escrow funds held?
Can we bill our own fees through Finli?
More in property services
Finli is offered through your financial institution
Banks, credit unions and community lenders offer Finli under their own name, so your payments settle with the institution you already use. Tell us where you bank and we’ll ask them for you.