- Menu driven for ease of operation and user friendliness.
- Allows multiple buyer and seller/disbursement records per escrow account.
- Automatic pass-thru of Seller's Other Deduction as a payment to a related escrow account.
- Disbursements automatically split between multiple sellers on a percentage and/or fixed amount basis.
- Automatic preparation of disbursement checks showing payment and escrow information with Year-to-date totals.
- Computer printed Check Protection.
- Trial Balance/Deposit Register Report to confirm correctness of data before check preparation.
- Check Register Report and Check Reconciliation routine.
- Account Status Report showing Escrow Balance and Year-to-date information with option for Delinquency Reporting.
- Buyer/Seller Notice reporting payment breakdown and YTD information.
- Escrow Year-to-date History Report showing history of Escrow payments and disbursements for the current year.
- Account Inquiry for viewing the status of any escrow, with Buyer/Seller record information, a history of all payments received and disbursements made during the current year, and a special "Notes" record. Escrow accounts may be called up either by Escrow Number or by Name.
- Prepares printed Forms 1098 and 1099-INT and/or Magnetic Media reporting.
- Accurate daily interest calculation with allowance for leap-year. Also handles monthly interest calculations based on 360 or 365 day year. Also handles annual, semi-annual, quarterly, semi-monthly, bi-weekly & weekly payments.
- Easy-to-handle overrides or adjustments to Principal and Interest, Collection Fees, and Other Deductions for any Escrow Payment entered.
- Allows for Accumulation of Reserves for Taxes and Insurance.
- Prints mailing labels selectable by escrow number range, name range, type code range or zip code range, or any combination of these parameters.
- An annual fee may be automatically accessed to the sellers.
- Options to print Payment Coupons, Billing Statements, and Pay-Off Notices.
- Includes our Amortization Program to print Amortization Schedules or to calculate payments.
- Built-in Backup, Restore and Purge routines for file safety.
- Runs on affordable Windows compatible personal computers.
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