Intelligently fighting fraud™
Safe & Simple Earnest Deposit Management
How It Works
Make Homebuying Safe & Easy
Schedule a Demo
Attend a short, simple primer to get the most out of your Blockrails™ application.
Learn how to quickly set up your new Blockrails™ application, and enjoy the exciting features and tools to streamline workflows. In this 30-minute session, we will cover the following:
- Managing your Profile Page
- How to set up your listings Deal Organizer
- Sending Pre-Screen Surveys to pre-qualify prospects
- Viewing Pre-Screen results to determine qualified prospects
- Coordinating parties for the Earnest Money Deposit
- Inviting Home Buyers and Title/Escrow into the app
- Viewing your notifications
Frequently Asked Questions
With an active subscription, members have access to new, upcoming features and benefits only available through the Blockrails™ platform. These include expanded prospect and deal management tools, integrated live chat, e-sign, document storage services, and more.
With Blockrails™, members can:
- Securely manage the earnest money deposit across multiple parties, all combined to protect members while helping improve workflow efficiencies.
- Remove the risk of payment loss due to fraud.
- Eliminate paper checks.
- Elevate customer confidence.
WHO CAN USE BLOCKRAILS™?
Blockrails™ is a new application for the real estate industry. It is specially designed to help efficiently manage deals, pre-screen prospects to save time, and protect against payment fraud. Agents invite homebuyers and title/escrow agents into the app so they can safely interact and perform a secure earnest money deposit. This gives agents full transparency on when payments take place.
EXPLAIN THE APP - HOW DOES IT WORK?
Blockrails™ has been designed with real estate agents in mind.
First, register to enroll and access the Blockrails™ application. You will be automatically started on a 30-Day Free Trial, and will not be prompted to enter your payment information until the trial period expires.
Once in the app, you can verify or update your profile, and have access to begin using the following services and features.
Manage Your Deals
Our most basic feature is the Deal Tool. This is a simple place to keep track of your current listings (or deals). Input by address and home name you wish to assign. Here, you’ll be able to assign prospects and title/escrow agents for each deal. You can also automatically track who has paid their earnest money deposits.
After any prospect calls you from an MLS listing, you can open your Blockrails™ app, select the deal they called in on, enter their info, and click a button to send them a Blockrails™ Pre-screen Survey. The prospect will receive the survey and can click to enter their responses. Once done, their answers will automatically populate into your Blockrails™ app, displaying buying sentiment, financial position, and purchase timing. You can use these responses to determine “at-a-glance” how hot or cold prospects are for timing your follow-ups.
Once your prospect becomes “final” and is ready to become the Homebuyer for a deal, open Blockrails™, select their name and click to send them a Blockrails™ Invitation. They will receive your invite and go through a secure validation process, creating a profile. Once validated, they can enter Blockrails™ and access the details of the home listing you have assigned to them. Repeat this same procedure to the Title/Escrow agent for that deal. Once the Homebuyer and Title/Escrow are in Blockrails™, they can interact to perform a safe and secure earnest money deposit.
Once Title/Escrow notifies the Homebuyer to make a deposit, the NAR member is notified. There will also be automatic notifications once a deposit has been sent and again once the payment has been deposited. This gives agents full transparency on payment at all times, making it more efficient to track when managing multiple deals.
HOW DO I GET STARTED?
Click the button “30-Day Free Trial” and you will be directed to the Blockrails™ registration page to enroll.
HOW MUCH DOES IT COST?
After a 30-Day Free Trial, agents receive access to the Blockrails™ mobile and web application for $5 monthly. NAR members can also enjoy an additional 20% discount when choosing the annual subscription for $50.
IS THIS A MOBILE APP?
Blockrails™ is a “progressive web app”, or an advanced application both web and mobile that does not require download from an app store. This means you never have to “update” your app and can be accessed 24/7/365 as long as you have cell phone connectivity or wi-fi access to your device.
HOW SECURE IS BLOCKRAILS™?
Blockrails™ takes security seriously and it is our #1 concern in protecting everyone in a transaction from fraud. As an AWS Cloud™-based application, Blockrails™ is hosted in a military-grade secure cloud environment.
Blockrails™ eliminates the vulnerability of email as a source of information. It establishes identity best practices and harnesses the power of Artificial Intelligence to detect and prevent identify fraud. Additionally, it leverages blockchain technology to protect all parties in a secure transaction.
Our security fraud protection is powered by FraudBlock™, our proprietary, and patent-pending fraud protection service, where identities, parties, and accounts are always verified.
We understand that having a fail-proof security posture to conduct business is a significant area of focus for Realtors. This is why, as an emerging technology company, we founded ourselves on the core principle of eliminating fraud.
With over 20 years of advanced technical skills and first-hand knowledge across our leadership team, we have a deep understanding of information security best practices. We are committed to bringing these best practices to Realtors, ensuring their data remains secure and protected.
DO PAYMENTS IN BLOCKRAILS™ COST LESS THAN A WIRE?
Yes, when electing to use the Blockrails™ automated payment tool.
Title/Escrow will request a Homebuyer to make their earnest deposit in one of two ways.
AUTOMATED: Title/Escrow and the Homebuyer can automatically connect bank accounts through a secure encryption service within Blockrails to send/receive payments. No account information is shared or stored and an ACH payment is performed automatically at a maximum fee of $15 to the Homebuyer. This can be $10 – $20 lower in cost than a typical bank wire and can deposit same-day if timing requirements are met.
MANUAL: Title/Escrow can also manually share account information with a Homebuyer within Blockrails™ using our proprietary and secure blockchain account-info-sharing service. Special encryption is created for both the sender and receiver of account information within Blockrails, preventing access by anyone but the designated parties involved. Upon validation a Homebuyer can access the account info shared by Title/Escrow and use that to manually perform a typical wire payment.
WHO OWNS BLOCKRAILS™?
Blockrails™ (and FraudBlock™) are owned by Digital Innovation Group Holdings, LLC (DIG”), a GA Telesis™ (“GAT”) company. GAT is headquartered in Fort Lauderdale, Florida, and is one of the world’s largest commercial aerospace firms with over $1.0 billion in assets under management. DIG is also located at GAT headquarters.
WHERE IS BLOCKRAILS™ LOCATED, AND CAN I CALL?
Blockrails™ head office is physically headquartered in the US at 1850 NW 49th St., Ft. Lauderdale, FL 33309. Our business hours are 9:00am – 5:00pm Monday thru Friday except for legal holidays and can be reached by calling (954) 342-8888. Blockrails™ can be emailed at any time to email@example.com.
Get Started Today!
Enroll below or speak with a live Blockrails™ Rep to answer any questions and let us help get you started.
Sign up and get started today. Access unlimited monthly use of one of the most advanced and powerful tools available to promote trust and reputation value. Give your homebuyers the peace of mind they need and deserve in today’s changing world.
Keep up with us to discover new ways to become more efficient.