Bank Shot Partnered with North Idaho to Ensure Safe Real Estate...

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Bank Shot Partnered with North Idaho to Ensure Safe Real Estate Transaction

By CFO Tech Outlook | Monday, November 09, 2020

Bank Shot has announced a new collaboration with North Idaho Title for safe, secure, and compliant digital technology while completing real estate transactions.

FREMONT, CA: Technology leader Bank Shot has recently received a patent for its mobile app, Android, and iPhone. In recent times, the company has announced a new collaboration with North Idaho Title, Idaho's title, and escrow experts. The title industry undoubtedly recognizes the requirement for safe, secure, and compliant digital technology while completing real estate transactions through their smartphone, as well as Earnest Money Deposits and more, all with a simple click of a button.

Bank Shot was created from scratch to avoid the Automated Clearing House (ACH) transaction. Its patented technology has proven valuable for independent title companies like North Idaho Title and its Idaho customer base. Using the Bank Shot app developed for safety, convenience, and compliance is a better alternative to a wire transfer because of the increasing fraud.

North Idaho Title specializes in title and escrow requirements for residential, commercial, and builder/developer transactions as a solely owned subsidiary of Mother Lode Holding Company. With the help of a state-of-the-art title plant, North Idaho Title uses the technology to carry innovative solutions to its clients. The company even serves Coeur d'Alene, Sandpoint, and surrounding areas.

"The relationship we've established with North Idaho Title is extremely rewarding in that they recognize the importance of offering superior technology for their clients," said Glenn F. Drake, CEO, and Co-Founder. "They understand the value we provide at Bank Shot, and our patented portal has been developed and built with security to accommodate North Idaho Title's locations."

Bank Shot Founders and Co-Developers Bernardine W. Drake and Glenn F. Drake have occupied a specialized niche with this technology breakthrough, allowing title companies, banks, and realtors to collaborate and make use of the app. It will develop a competitive advantage among their respective industries. After receiving the patent, Bank Shot is rapidly becoming the prominent app for mobile real estate transactions, which is even more essential during this COVID-19 environment.

"Being creative is our specialty, so we are pleased and excited to partner with Bank Shot and utilize their innovative app," said Gavin Jacobson, Vice President & Regional Marketing Director, North Idaho Title. "We feel this partnership only enhances the level of service to our clients and will only make the closing process more efficient for all parties involved. Our offices strive to be at the forefront of new, well-vetted technology and this partnership is no different."

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