Quickly communicating on outstanding funds while being compliant is now possible

RynohEscheat

Rynoh, the real estate and settlement industry’s premiere escrow and financial security software solution, has announced the official launch of its stale-dated funds tracking and reporting software, RynohEscheat.

“Developing time-saving, technology solutions to tackle laborious, manual processes is what drives us,” said Rynoh’s President, Mary Gomez, “especially when individual state regulation compliance and potential fines or penalties are involved.”

Quickly communicating on outstanding funds while being compliant is now possible. Rynoh’s easy-to-use, cloud-based software seamlessly integrates with a user’s bank account (read-only access) to make staying informed regarding outstanding checks and notifying the appropriate party a seamless process.

  • Due Diligence Requirements & Letters
    The Due Diligence Letter feature generates a prepared letter that meets state requirements for notifying owners of their unclaimed funds.
  • State Submission Compliance
    RynohEscheat provides each state’s escheatment reporting regulations.
  • Avoid Penalties
    Faster error discovery and correction makes staying compliant effortless.

“There are tens of billions of dollars in unclaimed funds in the U.S.,” said Gomez. “We want to help our clients ensure they aren’t unknowingly holding on to any of those funds.”