three-way account reconciliation BOOKKEEPER
3Way reconciliation specialist for title agents and real estate attorneys. Remote bookkeepers with extensive accounting experience.
three-way escrow reconciliation
avoid liabilities by reconciling client's ledgers
Three-Way Escrow Reconciliation
We have assisted title insurance underwriters with audits and ensuring title agents' compliance. We provide the monthly 3-way escrow bank account reconciliation comprehensive reports which accurately identify each of your client's balances, shortages, and stale outstanding transactions, and fraud prevention while complying with regulations and the Best Practices code.
Our bookkeepers are proficient with popular closing software including Quickbooks, Qualia, SoftPro Trust, LandTech, Double Time, Closer's Choice, eClosing, Title Express, RamQuest, Rynoh, AgentNet, ResWare.
SEPARATION OF DUTIES Escrow compliance
ALTAS best practices
A separation of duties, also known as "segregation of duties," ensures the reliability of the reconciliation is prepared independently by someone not associated with the receipt and disbursement function of the account. It is designed to deter mishandling of accounts and to allow to promptly detect errors or concerns in the reconciliation process.
About 3 Way Reconciliation Services
As a title agent and real estate attorney you have a fiduciary duty to manage an escrow account. Our Three-way reconciliation services services follow state and industry-specific accounting regulations and guidelines for escrow trusts.
We have extensive knowledge of current accounting and closing software systems. We will access your network via the secure remote connection you prefer, at times and days that are convenient for you.
Best Practices Certification
Best practices recommend Separation of Duties, that is for your escrow reconciliation to be prepared by a qualified third party, as an extra layer of protection to you and your clients.
Our monthly three-way escrow reconciliation includes an an additional assessment report pointing out any exceptions to avoid any risk to your agency.
Rates starting as low as $65 per month and never a set up fee.
We work with your favorite accounting and closing programs: Qualia, Rhyno, Quickbooks, Landtech, AgentNet, SoftPro, DoubleTime, eClosing, closers choice, ramquest, and more.
Escrow Account Dormant
Comply with State Regulations
Stale transactions over a period of time become dormant file ledgers within your escrow account. To remain in compliance with underwriters, Attorney Bars Associations, and State rules and regulations, all money must go out to the respective party. We can provide you with a thorough report detailing a resolution for each of these stale files in order to efficiently clear your escrow account, so you can continue to focus on your revenue-producing activities.
If after efforts have been made to clear stale transactions are unsuccessful, escrow funds are to be transferred to the state after a certain period of dormancy. We can help you in the reporting and filing of the state's requirement.
Venetian Title Services
Title Aid is a fantastic company. They have made my life so much easier with their services. They are very detailed and professional and very good at what they do. I highly recommend them for all accounting and title related needs.
Jonathan Steszewski Attorney
Carmen is absolutely Amazing! Our previous escrow company had our accounts a mess. Carmen comes in like Mary Poppins and cleans up three years of files in less than a month! I do not know where we would be without her! She is an absolute must for any title company.
A & A Title Services
Always a pleasure with Carmen! Always looks out for our best interests.
The Closing Company