Financial Services for Title Agencies
Escrow Account Solutions
Stewart Financial Services provides escrow account reconciliations based upon your specific needs via remote access to your computer system and accounting software. They include follow-up and assistance in resolving unidentified items and are performed on a monthly, weekly or daily basis.
We can also train your office staff to reconcile your escrow account in your accounting software or conduct an evaluation of your reconciliation. We can review your company's completed reconciliation to check for possible errors, and analyze the account for risk and liability.
Upon completion of each reconciliation, our experts analyze your escrow account for any risk or liability. You will receive a risk report listing any items we found that we advise you to research further with your reconciliation.
Our semi-annual review is a valuable management tool for your office to determine if you are taking appropriate measures to maintain a low risk escrow account by providing guidance on the steps needed to “clean them up”.
Funding & Escrow Services
We offer holding and disbursement services based on lender’s needs including: holding earnest money deposits for your agency until close or requirements are met and handling partial or complete disbursements. We can also invest funds on your behalf and act as escrow agent on your behalf.
Unclaimed Property Reporting
Our unclaimed property reporting, support and due diligence solution makes it easy to maintain compliance while managing aged outstanding checks and open file balances. We provide both one-time assistance as well as full escheatment services with monthly reporting. Following the initial assessment, we will review past due properties and how to avoid future penalties.
Positive Pay is an automated fraud-detection tool that integrates with your accounting software. It verifies a check number that has been presented at the bank against a daily register of issued checks from your software, enabling fraudulent checks to be quickly discovered.
With this service, you can rely on us to file annual 1099 reports to the IRS. We also provide direct state reporting (where applicable), assist your agency with developing internal procedures for an efficient filing process and can assist you with completing and filing the necessary forms if extensions or corrections are needed.
Contact Stewart Financial Services
Learn more about our accounting solutions, or schedule a consultation based on your individual business situation and price estimate.