Press Release
Rynoh Upgrades All-In-One Software Bundle With Account Verification Feature
RynohVerifi Set to Launch January 2024.
Virginia Beach, VA | January 09, 2024.
Rynoh is set to release account verification services in January 2024, the software release will allow title and escrow agents to confirm critical account information before sending a wire transaction.
The service is available to clients and new customers as part of Rynoh’s bundled services, including: automated escrow reconciliation, escheatment, operation account management, and now account verifications.
RynohVerifi will help simplify the complex and highly regulated account verification process. Assisting clients to stay protected against fraud and monitoring the disbursement of daily funds. Currently almost 40% of all US residential purchases and refinances are protected by Rynoh.
“Preventing wire fraud is a top priority for everyone involved in real estate transactions,” said Jim Weld, Rynoh General Manager. “We are excited to launch this valuable platform as it provides fraud protection and banking integration services for our clients. We are committed to working with our clients and industry partners to make the real estate closing as safe and secure as possible. This service is just one more way that Rynoh helps our clients manage their escrow accounts, eliminate compliance risk, and provide a robust funding environment. This launch is a great example of how our team is continuing to develop new products to support our clients needs for the challenges of tomorrow.”
About Rynoh
Founded in 2007, Rynoh is a patented, cloud-based financial management and fraud prevention system that has revolutionized escrow account management practices. Since it was introduced, Rynoh has identified and prevented escrow theft, wire and ACH fraud, stopped employee embezzlements, eliminated check fraud and disbursing errors, and has saved our clients millions of dollars. Rynoh seamlessly integrates with your accounting software programs to provide the industry’s top financial security software solution. Rynoh offers continuous end-to-end accounting auditing, daily reconciliation, transaction monitoring, anti-fraud algorithms and built-in automated reporting.
Media Contact:
PJ Yates, Head of Marketing
pj.yates@rynoh.com
Validate Account Ownership With RynohVerifi
RynohVerifi provides account validation services that will ensure the payee and bank account are associated. Quickly and confidently mitigate transaction fraud and determine whether an account is open and in good standing with real-time validation of user-provided accounts.
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Escrow Accounting | Escheatment | Operations Accounting | Banking Integrations | Account Verifications