Pillar:
2
Services Offered:
Escrow Account Reconciliation Services
Program Summary:
iTracs® is a proprietary escrow reconciliation service that allows professionals in the settlement services industry to proactively manage their escrow accounts, avoiding financial losses and resolving critical problems in a timely manner.
Reconciliations performed through iTracs comply with highly recommended ALTA Best Practices and the rules enforced by state bars. With iTracs you are able to achieve segregation of duties between transaction processing and account reconciliation.
iTracs® provides the following important benefits:
- Automated daily and monthly reconciliation of receipts and disbursements
- Notification through customized alerts of irregularities or critical errors
- Early detection to protect against unnecessary financial losses
- Daily monitoring to detect cyber fraud activity
- Reverse positive pay and bank positive pay integration
The iTracs® service team will guide you through an efficient implementation process, as well as train your team. Consulting services are offered on an ongoing basis to assist you with the management of your escrow accounts.
Enrollment and Contact Information:
Click the link below or contact a member of the iTracs® team at itracs@invtitle.com or 800.326.4842.