Virginia Beach, VA, November 2, 2016 –Title Industry Assurance Company RRG (TIAC), an errors and omissions insurance provider for the title industry will reward policyholders that comply with American Land Title Association’s (ALTA) Pillar No. 2 along with other financial safety measures.
According to a recent press release from TIAC, insureds who comply with these regulations can have their out-of-pocket expenses discounted by fifty-percent.
To be eligible, policyholders must meet ALTA’s Pillar No. 2 and Daily Reconciliation Best Practices for financial transparency. For example, policyholders can show financial transparency using reconciliation software, but that does not necessarily cover the Pillar No. 2 requirement.
To meet Pillar No. 2 many agents are using RynohLive, a financial protection and fraud prevention software optimized for the real estate industry. The software is the only tool available that can meet and exceed Pillar No. 2 while also meeting transparency regulations.
“RynohLive is the only software out there that is able to show absolute financial transparency while remaining complaint with Pillar No. 2,” Dick Reass, CEO and Founder of RynohLive said, “With Rynoh, accounts are being protected and managed while meeting strict but necessary industry requirements.”
RynohLive provides automated electronic verification of reconciliation on a daily basis, allows for customizable alerts, and delivers daily reports for all account activity giving users complete oversight of all accounts. The software is quickly becoming the industry standard for financial and settlement fund management.
“With fraud on the rise, it’s more important now than ever to maintain account security,” Reass said, “RynohLive is something no business should be without.”
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About RynohLive: RynohLive’s patented software system provides absolute financial protection for the real estate settlement industry, and provides the financial transparency mandated by Dodd-Frank and the Consumer Financial Protection Bureau. Since its national market introduction in 2009, RynohLive has protected over 4 million real estate transactions worth in excess of $1 trillion. Recognized as an Elite Provider by the American Land Title Association, RynohLive is universally acknowledged as the industry standard for the financial management and protection of settlement funds. RynohLive operates out of Virginia Beach, VA and is provided by Segin Software Inc. For more information about RynohLive please call 877-467-9664, visit rynoh.com, or email sales@rynoh.com.
Press Contacts:
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Robert Pleasants EVP Sales and Marketing 561-628-7463 |
Katie Handerhan Marketing Coordinator 757-333-3760 x 419 |