Earnnest Instructions
What is Earnnest?
Earnnest is a mobile app that agents can use to request EMD funds from their buyers to be held with our brokerage. Frederick currently has MD, PA, WV, and VA setup and Columbia has MD setup to receive funds. It is a $15 fee to the client (cheaper than a wire) and is guaranteed funds and fast. Please click here if you're interested in more info about Earnnest.
How do I use it?
- Download the app 'Earnnest' on your phone.
- Click Request Payment (you will need the clients email) and then click Begin
- Enter the Street Address that the client has ratified the contract on (confirm the details are correct before moving on), click confirm address
- Enter the EMD amount, hit continue
- Enter the payer's email address (this must go to the person that is paying the EMD, they will receive a link to their email to pay directly and it cannot be forwarded to another email)
- Search for Escrow Holder:
- FREDERICK EMD accounts are labeled as "KW Realty Centre - STATE EMD Funds" ex: MD Property, you'd search "KW Realty Centre - MD EMD FUNDS"
- COLUMBIA EMD accounts are labeled as: "KW Realty Centre Escrow"
7. Notifications: Please add anyone that may need to receive notifications on when the EMD has been deposited. (Listing agent, title, lender, etc.) They will not see any private information, once completed hit 'Finish Setup'
8. Please review the details to ensure accuracy and then swipe at the bottom to send the request
Earnnest Contact Information: support@earnnest.com or 1-888-870-2336
Agent Remarks:
"Holy smokes. Just used the Earnnest App for the EMD and it was so Incredibly easy. I told the list agent before I submitted the offer the emd was going to be done digitally within 30 minutes of ratification. She was skeptical because buyers are in California, but I literally had her the receipt of EMD Deposit within 10 minutes AND I was sitting at dinner with my family when I did it. 🤯🤯🤯 Big thanks to our fearless leader for bringing in the rep a few weeks ago and Introducing me to this app!" - Thomas C