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Steed Title Agency Selects Safe Escrow from PCN Network
press release, First American
   

PCN Network, a wholly owned subsidiary of First American Financial Corporation, today announced that Steed Title Agency in Utah has selected the company’s Safe Escrow managed disbursement solution to securely manage Steed Title’s escrow process and help protect against cyber theft and fraud.

“Steed Title is a growing title agency that emphasizes customer service and security, so we’re pleased they trust Safe Escrow with their customers’ funds,” said Pritam Advani, CEO of PCN Network.

Safe Escrow is one of the fastest-growing funding platforms and is endorsed by multiple national underwriters. Built on proprietary technology, Safe Escrow provides title agents a secure, proven solution for escrow funding that directly integrates with title and escrow operating platforms to increase efficiency and reduce processing errors. Safe Escrow also offers SafeValidation™, which includes payee authentication to protect against wire fraud and validates payoff accounts prior to releasing wires.

“We chose Safe Escrow for many reasons, but most importantly, it was to protect our customers,” said Spencer Steed, owner of Steed Title Agency, LLC. “Knowing our customers’ money is secure and protected against loss provides peace of mind and helps us sleep better at night. As a new agency, we benefit from the escrow support services Safe Escrow provides, such as trust account reconciliations and chasing down old checks. Utilizing Safe Escrow enables us to spend more time with our current customers and pursue business development opportunities.”

Available in 38 states, Safe Escrow provides title agents a collaborative service and technology platform, in which agents track and participate in the funding process from beginning to end. Agents can make last-minute changes at the closing table, retain the ability to cut checks to their customers, and have visibility into the entire funding process.

“We encourage all our title agents to take steps to protect their customers, and we support Steed Title’s decision to adopt Safe Escrow,” said Matt Olsen, Utah State Manager for First American Title Insurance Company’s Agency Division.

 

About PCN Network

PCN Network, LLC, a wholly owned subsidiary of First American Financial Corporation, provides attorney-based mortgage closing services to title companies handling real estate transactions in attorney states, as well as attorney deed and other document preparation services nationwide. In addition to facilitating attorney closings, PCN Network offers title and settlement agents a secure, web-based service and technology platform called Safe Escrow that provides centralized banking and escrow management to help prevent wire fraud and reduce risk in real estate transactions. More information about the company can be found at www.pcnclosings.com.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $5.7 billion in 2018, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2019, First American was named to the Fortune 100 Best Companies to Work For® list for the fourth consecutive year. More information about the company can be found at www.firstam.com.



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