The Industry Standard for Escrow Reconciliation Compliance

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RynohLive will be on the road next week – stop by and see us!

RynohLive is headed to three locations next week, and we hope to see you there.   First, we’ll be at the Real Estate Bar Association for Massachusetts’s (REBA) annual meeting and conference on Monday, November 3.   Then we’ll be at the Conestoga Title Insurance Company on Wednesday, November 5….

Find out how what you can do now to prepare for ALTA’s Best Practices pillars two and three

October 24th, 2014 “Fortify Your Business: Lock Down Data and Protect Client Funds,” the American Land Title Association’s next Title Topics webinar, will help you learn about some of the important processes that you can implement now in order to prepare for Best Practices pillars two and three.   The…

ALTA identifies RynohLive as an Elite Provider!

The American Land Title Association has designated Rynoh as an Elite Provider.   The providers that ALTA picks for its Elite list are those that promote the highest industry standards while also providing useful solutions for its members. RynohLive’s software solution exceeds ALTA’s Best Practice Pillar No. 2 requirements, including…

Theft can come from unexpected places

According to an ALTA article, a Georgia-based law firm recently sued its former managing partner for allegedly stealing funds from the law firm and then siphoning more than $30 million from the firm’s title company’s escrow accounts in an effort to hide the theft.   Theft can happen at any…

ALTA shares Rynoh’s escrow security tips

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The American Land Title Association recently ran an article regarding RynohLive’s new whitepaper titled “Six Steps to Total Escrow Security.” Rynoh’s whitepaper provides in-depth, step-by-step guidance on how to keep your escrow accounts safe.   One major concern is cybercrime, which, in this age of technology, is abundant. Cyber theft…

Do you know what fraud is?

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What comes to mind when you think about fraud? Fraud can come in a variety of shapes and sizes. Do you know what types of fraud are out there and how to prepare for them?   Right now, cyber theft is a huge issue. Keeping your online transactions secure can…

Are you prepared for the changes ahead?

Change can be scary and it may seem overwhelming. Right now, our industry is facing significant changes and challenges that include adopting higher standards for market conduct in order to meet the Consumer Financial Protection Bureau’s new regulatory and oversight requirements.   One of the more significant changes is that…

Simple steps to ensure your escrow accounts are secure

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Do you have questions about escrow security? Do you wonder if your accounts are at risk? In today’s business world, settlement agent’s escrow accounts are vulnerable to fraud, embezzlement, cyber-attacks and unintentional mistakes. The good news is that you can eliminate those risks by following six simple escrow accounting best…

Protecting the “Lifeblood” of Your Company : Escrow Trust Accounts

Acccounting Software

Dick Reass, CEO of RynohLive was quoted recently in an article about protecting the “lifeblood” settlement companies…Escrow Trust Accounts. What follows is sound advice from industry experts and reprinted with permission from the American Land Title Association. Protecting the ‘Lifeblood’ of Your Company: Escrow Trust Accounts – **Reprinted with permission…

Are you using QuickBooks to manage your escrow accounts ?

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Are you using QuickBooks to manage your escrow accounts? While many agents use industry-standard settlement software, some agents use this off-the-shelf accounting software to manage their accounts and leave themselves vulnerable to theft and fraud. Read on for more tips on protecting your escrow trust accounts. Protect Your Escrow Funds:…