Accounting
for your escrow deposits.
Numerous opportunities to improve your escrow account processing exist.
The problem is uncovering those factors that make or break your profitability.
Factors such as efficient account processing, economical account tracking
or timely, up-to-date data for optimal decision-making.
The Master/Sub
Tracker solution.
That's where Escrow Manager can help. Our Master/Sub Tracker system provides
banks, law firms, real estate brokers, municipalities and other organizations
with an efficient and profitable on-site system for attracting, recording
and maintaining escrow deposits.
Master/Sub Tracker is easy-to-use and eliminates the need for labor-intensive manual calculations, record keeping or confusing spreadsheets. The system significantly increases your profit margins by reducing the amount of time your personnel spend on account management.
With Master/Sub Tracker, up-to-date information is just a click away- data that includes all transactions, current master balances, current sub-account balances, deposits, disbursements, current interest rates and interest earned. With clear and organized escrow management data right at your desktop, you and your employees will never waist another second looking for the right information.
Simplify
your approach.
Your organization can simplify its approach to tracking and managing your
escrow deposit business by leveraging the following features of the Master/Sub
Tracker system:
- Master/Sub Account Processing
- Monthly statements generated to both the master and sub accounts
- Statements present all transaction activity for the period in separate chronological, credit, debit and summary sections.
- Overdraft activity is detected at the sub-account level and for IOLA accounts, required reports can be generated.
- Multiple interest rate tables can be assigned and maintained with full control over interest rates and their effective dates.
- Two interest calculation modules are available - simple and compound.
- Interest posted to account balances monthly or sent to the IOLTA fund with an appropriate transmittal.
- All transactions are recorded for audit control and can be viewed on screen.
- System performs IOLA processing.
- Generates 1099INT forms and IRS magnetic media reporting.
- All data can be exported to Microsoft Excel for use in internal reports.
- Customization is available.
Ease of
connectivity and training.
The Master/Sub Tracker system is designed to operate in the Windows 95/98,
2000 and NT environments and can be interfaced with your existing core
accounting applications. The system requires little to no technical expertise,
and implementation and training can be accomplished in as little as a
few hours, minimizing your overall software investment.
Customized
for the way you work.
When selecting the Master/Sub Tracker system, your organization benefits
from an experienced team of escrow managers, technical experts and industry
consultants. In addition to installation and training, we provide ongoing
support, customized programming, maintenance services, telephone support,
quality assurance and technical consulting-all customized to meet your
individual business requirements.
Escrow Manager and other product names, slogans and logos are trademarks of Escrow Manager. Other product names mentioned in this document may be trademarks or registered trademarks of their respective companies and are hereby acknowledged.
Client
Tracker Overview
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Escrow
Manager
872 Jericho Turnpike
St. James, NY 11780
Phone:
631.265.8305
Toll Free: 877.674.6312
Fax: 631.265.8307
info@escrowmanager.com
webmaster@escrowmanager.com
