Now it's time for PCN Network™, LLC, through its Safe Escrow platform, to process the escrow disbursement:
- PCN Network, LLC (Safe Escrow) receives all funds in its escrow account, and follows the Safe Escrow Good Funds policy as provided to the agent.
- PCN Network, LLC (Safe Escrow) compares the disbursement ledger against critical documents.
- SafeValidation Wire Account Authentication systemically matches customer's wire instructions directly with bank, thereby reducing the risk of wire fraud. Additionally, alternative validation steps may be taken.
- SafeValidation Payoff Account Validation systemically matches bank wire instructions with Safe Escrow's master payoff directory; ensuring the payoff account is not fraudulent.
The Title Agent continues to control all elements of customer service and title production.