Escrow Loan Servicing 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?
Transform your escrow management with automated tools and seamless payment processing.
Comprehensive Disclosure Statements
Generate escrow statements for individual borrowers or groups. The three-part disclosure statement includes account history, projections for the coming year, and analysis of impounds, payouts and surpluses.
Voucher Management
Utilize an easy-to-use voucher system to manage and schedule disbursements from escrow accounts. Track payment requirements and maintain detailed records of all transactions.
Timely Disbursement Tools
Ensure all disbursements are made by due dates with the Unpaid Vouchers Report. Take advantage of available discounts with configurable payment timing options.
Automated Payment Processing
Process check printing and electronic transfers effortlessly. Select individual vouchers for payment or place them on hold as needed, with options to reject or suspend partial payments.
Complete Accounting Audit
Track the entire process from receipt of escrowed funds to final disbursement. Maintain detailed records with a comprehensive accounting model that interfaces with AP systems.
Multi-Type Escrow Management
Handle various types of escrow requirements including property taxes, insurance and special assessments. Configure different schedules and rules for each escrow type.
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
Questions frequently asked about our Escrow Module.
How many reports does Nortridge offer?
Nortridge provides over 150 standard reports with extensive filtering, sorting, and grouping options to match your specific needs.
Can I build custom reports and dashboards?
Yes, the platform includes an ad-hoc report builder and configurable dashboards to match your business needs.
Can I export reports and dashboards?
Absolutely. Export any report or dashboard to Excel, PDF, or CSV for deeper analysis.
Does Nortridge handle borrower statements?
Yes, generate and deliver statements, notices, and payment coupons through digital channels or our integrated print and mail service.
What data analysis capabilities are available?
For advanced analysis, access comprehensive loan data with configurable reporting tools, filter options, and direct database connectivity.
Our Latest Testimonials
Read the latest from lenders and loan servicers using Nortridge to power their lending operations
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.