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iTracs Reconciliation Solution
iTracs®, our proprietary escrow reconciliation service, offers time-saving escrow accounting management through the following features:
- Automated daily 3-way reconciliation
- Daily reporting of account activity and status delivered through email
- Immediate notification through customized alerts of irregularities or critical errors
- Early detection to prevent unnecessary financial losses
- Monthly third-party review and analysis from qualified professionals
- Reports that are audit-ready and state bar compliant
- Installation, training, and live support to meet your trust accounting needs
We Save You Time
With iTracs®, you can focus on your core business. Through our tailored reporting, you are able to proactively manage your accounts and resolve potential critical issues, such as disbursement errors and account irregularities. Avoid spending time and money training and re-training staff on reconciliation procedures by relying on iTracs® to help manage these functions.
We Give You Peace of Mind
iTracs® adds an important level of security to your escrow accounting processes. Reconciliations performed through iTracs comply with the rules enforced by state bars. You are able to achieve segregation of duties between transaction processing and account reconciliation. Real-time alerts and regular, comprehensive reconciliation reports improve your organization and readiness for an audit.
We Know Service
As an iTracs® customer, you receive excellent service through a single point of contact. On a strictly confidential basis, our team of professionals reviews and analyzes your trust accounts for accuracy and propriety, delivering reconciliation reports and monthly risk analyses through convenient electronic data transfer. iTracs® is competitively priced and compatible with a variety of closing software solutions.
For more information and pricing, please call 800.326.4842 or email itracs@invtitle.com.
iTracs Brochure