RynohLive tracks and reconciles Critical Escrow Disbursements

RynohLive is a patented, web-based, “bridge application” that has revolutionized escrow account management practices.

ABOUT RYNOHLIVE

Reconciliation Analysis, Fraud Identification & Reporting Tools


RynohLive integrates with the agent’s escrow accounting software and their online banking (read only) to provide the industry’s leading 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. 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!

Unique Features:

  • Automated
    Positive Pay
  • Daily 3-way reconciliation
  • Tracking of critical
    disbursements
  • Daily reporting to
    key personnel

RynohLive offers a standalone Positive Pay feature if your bank does not offer this service.

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 easily identifies 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.

About Reconciliation

Reconciliation Wizard

The Reconciliation Wizard identifies accounting errors and assists users in ensuring their accounts are reconciled. The Reconciliation Wizard:

  • Verifies that File-to-File Transfers are in Balance
  • Ensures there are no “forced” Cleared Transactions
  • “Forced” Cleared Transactions are Transactions that are Manually Cleared in the Software and do not have a Matching Bank Transaction
  • Flags Errors (Including Posting Errors and Bank Errors)
  • Guides the User Through the Correction Process Ensuring that your Escrow Account Remains Compliant with ALTA’s Best Practices, and that you are Audit Ready!

Reconciliation Analysis Report

The Reconciliation Analysis Report ensures that an account is balanced three ways and identifies potential audit or regulatory concerns including:

  • Transactions that have Cleared the Bank but are not Posted in the
    Accounting Software
  • Files with Negative Balances & Stale-Dated Checks
  • Pending Deposits & Files with Retained Funds
  • Flags Errors (Including Posting Errors and Bank Errors)
  • Guides the User Through the Correction Process Ensuring that your Escrow Account Remains Compliant with ALTA’s Best Practices, and that you are Audit Ready!

MAKE THINGS BETTER

Software Features


Positive Pay

Funds Tracking & Validation

Intraday Wire Notifications

Auditor Oversight

Custom Reporting

RynohRecon

Automated Reconciliation

MAKE THINGS BETTER

Software Features


Positive Pay

RynohRecon

Automated Reconciliation

Funds Tracking & Validation

Auditor Oversight

Custom Reporting

Intraday Wire Noifications

What does a typical day look like for you?

Namaste. A typical day in the office for me looks like the floor beneath my dad’s desk – the perfect oasis. From there I can help promote a chill and relaxed vibe for the entire office. Throughout the day, I may need to alert my colleagues of any unknown humans, like this one guy they call “UPS Tim,” that might interfere with our zen. But my fellow RynohPup, Kevin, seems to like his deliveries, so we’re cool.

- Rex