FRASER, Mich., Aug. 2, 2016 /PRNewswire/ -- zipLogix™ today announced a new partnership with Certified Proof of Funds to automate and enhance the security of providing proof of sufficient funds needed to complete a real estate transaction.
In the traditional real estate transaction, homebuyers print their bank statements and often attempt to conceal their account number and other personal information before providing the statement to their real estate agents and other professionals in the transaction. Alternatively, a homebuyer calls or goes into their bank to request a letter from the bank to evidence proof of funds—a tedious and time consuming process. This letter also can necessitate a follow up call by the listing agent to the financial institution.
"Through an integration within zipLogix™'s zipForm® Plus platform, confirmation of proof of funds can be performed in minutes without the risk of disclosing sensitive personal information, as Certified Proof of Funds integrates directly with a homebuyer's online banking system," said Brad Jones, chief executive officer of Certified Proof of Funds, Inc.
The proof of funds process is simplified to three steps within zipForm® Plus. First, the homebuyer adds their existing online banking accounts using their existing username and password. A certificate of proof of funds is generated and may be sent to any party the homebuyer designates via email or SMS.
"Integrating the functionality available through Certified Proof of Funds is another step toward our goal of an end-to-end secure electronic real estate transaction," said Mark Peterson, zipLogix™ chairman of the board.
Fraser, Mich.-based zipLogix™ is a technology company created by, owned by and working for real estate professionals to improve productivity and efficiency industry wide. Its software automates and simplifies the repetitive and complex steps of real estate transactions, and is used by more than 650,000 real estate professionals across the country. To learn more, visit www.ziplogix.com.
About Certified Proof of Funds
Headquartered in California, Certified Proof of Funds, Inc. offers a website and mobile application that delivers a secure, discrete and seamless way of providing financial proof of funds, giving users the ability to save time and protect their financial information.
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