Escrow Module
The Nortridge Escrow Module is an add-on that automates tasks associated with maintaining escrow accounts on behalf of borrowers.
Why Use Nortridge's Escrow Module?
Comprehensive Disclosure Statements
Voucher Management
Timely Disbursement Tools
Automated Payment Processing
Streamlined Escrow Account Management
Maintain escrow accounts with precision and accuracy. Track balances, monitor transaction histories and manage payment schedules efficiently within the integrated system.
Powerful Reporting & Analysis
Generate detailed reports on escrow account status, upcoming disbursements and payment histories. Access insights that help you manage escrow accounts efficiently.
Frequently Asked Questions
What types of escrow accounts can the module manage?
The Escrow Module handles various types of escrow requirements including property taxes, insurance payments and special assessments. You can configure different schedules and rules for each escrow-type.
How does the disbursement process work?
The module automates the disbursement process. You can generate checks or electronic transfers at any time, with the ability to select individual vouchers for payment or place them on hold as needed.
What reporting capabilities are available?
The system generates comprehensive reports, including the Unpaid Vouchers Report, for tracking timely disbursement. You can also generate escrow statements at any time for individuals or groups of borrowers.
Can the module interface with other systems?
Yes, with customization, the Escrow Module can seamlessly interface with AP systems. It maintains a complete accounting audit trail from receipt of escrowed funds to final disbursement.
Our Latest Testimonials
Optimize Your Escrow Management with Nortridge
Get ready to automate your escrow processes! The Escrow Module streamlines account management, ensures timely disbursements and provides comprehensive reporting. Let us show you how to transform your escrow operations.
