How It Works
Learn about RynoLive’s continuous end-to-end account auditing, daily reconciliation, transaction monitoring, anti-fraud algorithms and built-in automated reporting.
RynohLive is a patented, web-based, “bridge application” that has revolutionized escrow account management practices. RynohLive integrates with the agent’s escrow accounting software and their online banking (read only) to provide the industry’s only escrow and financial security software solution. We offer continuous end-to-end account auditing, daily reconciliation, transaction monitoring, anti-fraud algorithms and built-in automated reporting.
- Automated Positive Pay
- Daily three way reconciliation
- Management and tracking of critical disbursements
- Daily monitoring and reporting to key management personnel
*RynohLive offers a standalone Positive Pay feature if the agent’s bank does not offer this service.
RynohLive connects seamlessly to your banking data and your settlement software in a cyber-secure, cloud-based environment. We tell you what you need to know, when you need to know it, and automatically generate reports that allow you to manage and reconcile your accounts DAILY!
With RynohLive, you can reconcile your account(s) on a daily basis, as recommended by the American Land Title Association’s Best Practices Pillar #2. We are the solution provider that allows for electronic verification of reconciliation, a critical distinction in following Best Practices. Also included with RynohLive is the reconciliation Wizard, which to easily identify account inconsistencies and flags items that are preventing reconciliation. From day-one of installation, you and your team can take full advantage of RynohLive reconciliation analysis, fraud prevention, and reporting tools. Within 24 hours of your registration, our onboarding team will email you precise instructions on next steps which include:
- Adding your online banking information (READ ONLY access)
- Provide Rynoh your online banking login
- Provide RynohLive your bank contact information for Bank Integrated Positive Pay (optional)
- Schedule time for adaptor software to be installed on your escrow software
- Provide ending bank balance for the last reconciliation
- Schedule RynohLive Training Webinar.