Reconciliations made easy
SoftPro’s Trust Account Reconciliation Service helps ensure compliance with ALTA Best Practice #2 and places reconciliations in the hands of experienced, trained professionals, delivering the critical reconciliation reports required by your state and underwriters.
Here’s how SoftPro's Reconciliation Service works:
- We complete a full three-way reconciliation of your bank balance, book balance, and escrow trial balance.
- Our reconciler works with you to clear any outstanding or exception items.
- We prepare the escrow trust accounts and trial balances.
- We list all open escrow balances, including those with old and negative balances.
- We deliver the reconciliation results as monthly reports.
- We ensure the reliability of the reconciliation by segregating duties and providing an independent reconciler separate from those with signing authority.
In addition, SoftPro's Daily Trust Account Reconciliation Service is available for an extra layer of fraud protection, alerting you immediately to any irregularities in your trust accounts.
