On November 14th, The Legal Description is hosting a 75-minute webinar to train title insurance and settlement services professionals on proven methods that allow settlement agents to follow Best Practices. In addition, the webinar will demonstrate how to mitigate theft, employee errors, bank errors and ultimately how to prevent the loss of their business through proper management of their escrow trust account.
Attendees will hear from RynohLive’s CEO and Founder Dick Reass, and Brent Scheer, of Agents National Title Insurance Co., about protecting accounts from internal and external threats. The webinar training will offer sound take-aways and provide essential information for settlement industry professionals that work with escrow trust accounts. Topics will include:
- Escrow accounting best practices, including safeguarding accounts
- ABCs of the 3-way escrow reconciliation to mitigate risks
- Why you must have Positive Pay™
- Online banking requirements
- Available funds, good funds and collected funds
- Industry software vulnerabilities
- What to know about cloud computing, firewalls and securing email
- Hosted solutions vs. local servers
- Today’s environment and cyber fraud realities
- The latest cyber fraud statistics and the top three cyber threats
Attendees will have an opportunity to ask questions and will receive the entire PowerPoint presentation following the live event, in addition to related articles from October Research publications.
Register HERE for a live site and/or order the recording and view the webinar at your leisure.