RynohTrax
RynohTrax ensures that funds are on hand and on deposit before file disbursement.
RynohTrax automatically tracks and validates all funds flowing into and out of a specified account(s). RynohTrax ensures that funds are on hand and on deposit before file disbursement. A user-defined alert list provides automated notification when a specified transaction has or has not occurred in the specified time frame.
For example: The user can request notification after any specified number of days if a mortgage pay-off check has not cleared an account. The criteria can be set to reflect a specific time frame, payee, purpose, or dollar amount.
RynohTrax also ensures that funds are deposited or wired into the correct account. As long as the account receiving the funds is also monitored by Rynoh, the user will receive an alert if funds are deposited or wired into the wrong account.
We have many escrow accounts and sometimes people disburse from the wrong account. Rynoh quickly identifies the issue before any problems occur.
Patricia Daniello
RynohTrax Highlights
- Tracks and validates funds into and out of Escrow Accounts
- Automatic notification when a specific transaction has not occurred
- Alerts are defined based on payee, purpose, amount, and number of business days
- If you have multiple escrow accounts, RynohTrax notifies you of funds deposited in the wrong account
- Proactively track outstanding stale-dated checks
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