The Data Stack Show

14: Breaking Down Electronic Money Transfers and Modernizing Real Estate Transactions with Dan Jeffords of Earnnest

Episode Notes

This week on The Data Stack Show, Kostas and Eric chat with Daniel Jeffords, CTO and co-founder of Earnnest, a financial tool for the real estate industry. Earnnest’s digital platform allows buyers to securely and electronically deposit funds directly to an escrow holder and keeps agents, buyers, and escrow holders in the loop with automated emails and tracking information.

Highlights from this week’s episode include:

• Earnnest’s approach to the way payments are handled in an antiquated real estate industry (2:12)
• Clearing up the differences in the way money changes hands, ACH, wire, and checks (12:39)
• How Earnnest works and who are the involved parties (21:06)
• Disrupting a highly regulated industry (24:24)
• Emphasizing security and transparency (30:09)
• Erlang, Elixir, Dwolla and more. How Earnnest uses data (33:40)
• Trying very hard to store very little data (42:58)

The Data Stack Show is a weekly podcast powered by RudderStack. Each week we’ll talk to data engineers, analysts, and data scientists about their experience around building and maintaining data infrastructure, delivering data and data products, and driving better outcomes across their businesses with data.

RudderStack helps businesses make the most out of their customer data while ensuring data privacy and security. To learn more about RudderStack visit rudderstack.com.