Real Estate can cause real stress. Be a source of calm and trust.
They say buying a home is one of the most stressful experiences a person will ever have. That’s because for most buyers, they have no control over the outcome.
Will their mortgage application get approved? Will their offer be accepted? Is someone else bidding on the property? Will the home appraise and pass inspection? Is the title clean? Will the deal close on time?
Home buyers have enough anxiety-inducing thoughts during the process. Worrying their personal information may be hacked in a real estate transaction shouldn’t be one of them. They’ve got good reason: wire transfers are very popular in real estate and cybercriminals are very good at wire fraud. Millions of dollars are lost every year to diverted accounts.
Protect the keys to your clients’ homes and identities.
Real estate agents’ fiduciary duties extend beyond negotiating deals between buyer and seller. They are central to the entire process, sharing and facilitating the exchange of highly sensitive personal and financial information with legal firms, title companies, mortgage lenders, clients, and other third parties such as inspectors, appraisers, insurers, and credit bureaus.
This information – tax returns, loan documents, bank account numbers, paycheck stubs, offers and counteroffers, insurance policies, contracts and more – must be securely and efficiently managed from opening of escrow to handing the keys to the new owners. And it’s not a choice.
Licensed real estate agents are bound the REALTOR® Code of Ethics and Standards of Practice, which explicitly acknowledges a REALTOR's® obligation to preserve the confidentiality of personal information provided by clients in the course of any agency or non-agency relationship – both during and after the termination of these business relationships.
Protecting client confidentiality starts with password management. Passpack is much more than a password manager app; it's a tool for secure access control and collaboration for real estate agencies and their network of agents, clients, and service providers.
Passpack employs a Zero Trust security model with end-to-end data encryption for strict adherence over data privacy, ensuring only authorized users can access passwords that unlock sensitive client files. Not even Passpack has access to your passwords thanks to our unique Passkey technology. Passpack puts controls in place to enforce strong password creation and sharing policies, empowering agents and transaction coordinators to share confidential data securely while eliminating the worry that your real estate agency could be the source of a client data breach or wire fraud.
