Among the advantages of Three Lock Box is its ease of use. Between our trade partners (or subcontractors) and us, we don’t have to have a whole bunch of paperwork. Everything is just done online. Owners can approve it right then and there. Things are done way more quickly. All of the proper paperwork is filled out and processed, so it makes everybody’s lives easier. Other third-party escrow services still do paper. When you have a client who doesn’t live in Las Vegas or have offices here, being able to do things online is quicker and more productive. Having the owner be able to see how much money is in there, making sure we get paid and making sure all of the proper releases are executed-it’s very helpful.
Holden Hsiao, Vice President of West Region and Information Technology Department
Shaw-Lundquist
