Summit Realty Group Protects Client Financials While Closing Deals Faster
How a luxury real estate brokerage balances seller proof-of-funds requirements with buyer privacy—without slowing down transactions.
About Summit Realty Group
Summit Realty Group is a boutique real estate brokerage specializing in luxury residential properties in Austin, Texas. With 14 agents handling properties ranging from $500,000 to $5 million, the brokerage closes approximately 120 transactions annually.
In the competitive Austin luxury market, serious buyers are expected to provide proof of funds quickly. But Jennifer Rodriguez, the brokerage's founder, recognized that sharing raw bank statements exposed her clients to unnecessary risks.
Brokerage Profile
- Type: Luxury Residential
- Size: 14 agents
- Location: Austin, TX
- Price Range: $500K - $5M
- Annual Transactions: ~120
The Challenge
Jennifer Rodriguez described the daily dilemma her agents faced:
"In luxury real estate, sellers want to know a buyer is serious before they'll even consider an offer. That means proof of funds—usually bank statements. But a bank statement shows everything: account numbers, routing numbers, transaction history, other balances. My buyers are high-net-worth individuals. They shouldn't have to expose their complete financial picture just to make an offer on a house."
The challenges were particularly acute for Summit's clientele:
High-Value Targets
Luxury buyers are prime targets for fraud and identity theft. Exposed account numbers on a proof of funds document could circulate through multiple parties.
Transaction Speed
In competitive markets, delays cost deals. Manually redacting documents or asking clients to do it themselves added friction at the worst possible moment.
Inconsistent Results
When clients redacted their own documents, results varied wildly—black boxes that could be removed, missed account numbers, unprofessional appearance.
Cloud Upload Concerns
Several clients explicitly refused to use cloud-based tools for their financial documents. They didn't want statements sitting on third-party servers.
The Solution
Summit Realty Group adopted a simple workflow using SafeRedact:
Client Sends Statement
Buyer emails their bank statement PDF to their agent (secure, direct communication).
Agent Redacts in 2 Minutes
Using SafeRedact, the agent removes account numbers, routing numbers, and transaction details—keeping only name and sufficient balance.
Clean POF Submitted
The redacted proof of funds goes to the listing agent, showing the buyer is qualified without exposing sensitive details.
Why SafeRedact Fit Summit's Needs
Client documents never upload to external servers. Critical for privacy-conscious high-net-worth buyers.
At $4.99 for 24-hour unlimited access, agents only pay when they need it. Perfect for transaction-based workflows.
Automatically finds account numbers, routing numbers, and transaction details that manual review might miss.
Clean, permanent redaction that looks professional and can't be reversed—unlike black highlighting.
A Real Transaction Example
Jennifer shared a recent example that illustrates the value:
$2.8M Property, Multiple Offers
A buyer needed to submit proof of funds within two hours to be considered for a competitive property. Their bank statement showed a $3.4M balance—more than enough—but also revealed:
- • Account number and routing number
- • Wire transfer from a business sale
- • Multiple other account balances
- • Recent large transactions
Using SafeRedact, the agent produced a clean proof of funds in under 3 minutes showing only the client's name and sufficient balance. The offer was accepted. The client's complete financial picture remained private.
The Results
After implementing SafeRedact across the brokerage:
Client Adoption
Every client now gets redacted proof of funds as a standard service. Several have specifically cited it as a reason they chose Summit.
Client Financials
AI detection helps ensure account numbers, routing numbers, and transaction details are flagged for redaction before documents are shared.
Per Document
Agents can redact and return a proof of funds document while the client is still on the phone.
Per Transaction
The day pass model means agents only pay when actively working deals. A negligible cost on transactions worth millions.
"Our clients are successful people who value their privacy. They shouldn't have to choose between proving they can afford a home and protecting their financial information. SafeRedact lets us offer both. It's become part of our standard service."
Beyond Proof of Funds
Summit agents now use SafeRedact for additional real estate documents:
Tax Returns
Redact SSNs and detailed income breakdowns when submitting with mortgage pre-approvals.
Pay Stubs
Remove employee IDs, tax withholding details, and YTD figures while showing income verification.
Investment Statements
Show asset totals without revealing specific holdings, account numbers, or transaction history.
Note: This case study represents a composite of common customer experiences. While AI-powered detection significantly improves efficiency and catches sensitive information that manual review may miss, we recommend reviewing redacted documents before sharing to ensure all desired information has been removed.
Protect Your Clients' Financial Privacy
Join Summit Realty Group and real estate professionals nationwide who use SafeRedact to handle sensitive financial documents securely.