New Venture Escrow

Due to the current business climate and ongoing Covid-19 crisis, New Venture Escrow is requiring all Earnest Money Deposits to be sent via wire. We are implementing this because we have our full workforce working remotely to ensure safety of our team and community.

At New Venture Escrow, the only documents that need to be signed with a notary are the Grant Deed and Loan Documents. Everything else can be signed digitally through our e-sign platform, VentureSign. As of today, Notary services are still considered essential business and signings are continuing to happen at the discretion of all parties involved. In efforts to continue to provide the best closing experience for our clients, we have a Notary Coordinator with a database of thousands of notaries throughout the county, willing and able to work. We are taking the following safety precautions for every notarized signing:

– Requesting all Notaries wear masks and gloves
– Sanitizing the thumb ink pad before each use
– Limiting attendees for each closing to only those who need to be there
– Providing hand sanitizer at the signing site
– Disinfecting the area between signings
– Providing new and separate pens to each individual for each closing
– In any case that a client is ill, we can always work with them and make alternative arrangements

The health and safety of the client and everyone involved is our number one priority and we will ensure this by customizing the notary experience with every signing.

We know that under the current rules and regulations due to the coronavirus, there are less eyes on the property throughout a transaction. This is especially important during the home inspection process. Consequently, things may start to fall through the cracks that otherwise wouldn’t. In order to protect buyers and sellers in the event of a disclosure violation, New Venture Escrow provides a “Seller Protection Plan.” The plan is a $25,000 E&O policy that is presented to the seller of an owner-occupied home at the close of escrow and is good for up to six months thereafter. This provides both buyers and sellers peace of mind knowing that they will be protected should any issues arise. Although we hope to never have to use this policy, it is crucial that we offer this extra layer of protection given the current conditions of the market.

New Venture Escrow has  deployed our entire workforce remote. While we miss our team commraderie in our beautiful offices, we are prioritizing the health and wellness of our employees and community first.  We have even found some new tech tools that have made our escrow lives easier and more efficient. We currently have a fully flexed remote workforce with 100% capacity and 100% capabilities. We believe, as a company, that the move to go 100% remote shows our commitment to getting past this moment in time and making sure we protect ourselves. Our industry was deemed essential, and most of the industry is still working in an office. However, with our tech forward platform, we are able to quickly and easily make this remote transition all while taking care of our staff and clients.

New Venture Escrow has been on a mission to remove unnecessary paper since its inception. The current business environment has highlighted the need for electronic signature as well as document movement and storage. Our proprietary systems have been tried and tested for years allowing escrow officers to work in this fast changing environment of the digital distancing. We have a complete document system that allows for everything (outside of anything regulated by the state to be wet signed) to be completed and sent from a phone or desktop. This system is ideal for transacting escrow and working remote.