RynohLive Announces Preferred Vendor Agreement with Fidelity National Title Group
|August 22, 2013
RynohLive has entered into a business arrangement with Fidelity National Title Group (FNTG) to offer its agents an extended no-cost 90-day trial, which includes long-term preferred pricing pursuant to the terms of the agreement.
For a limited time, qualified FNTG agents will have an opportunity to use RynohLive’s escrow trust account software solution that will assist in following ALTA’s “Title Insurance and Settlement Company Best Practices.”
“We are thrilled about becoming a Preferred Vendor for Fidelity National Title Group. This agreement confirms that the industry leaders like Fidelity are truly committed to offering their agents cost-effective solutions that will allow them to follow Best Practices,” said Dick Reass, RynohLive CEO and Founder.
The software solution allows agents to adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts. RynohLive includes the following modules:
- RynohPay provides automated delivery of positive pay files, either payee or non-payee match, depending on the capability of the agent’s bank. If the agent’s bank does not offer a positive pay service, RynohLive provides a standalone non-payee match positive pay solution.
- RynohTrax verifies and validates user-defined critical transactions including both receipts and disbursements.
- RynohRecon provides automatic daily three?way reconciliation, with an embedded “Wizard” that identifies accounting and posting errors.
- RynohReport a comprehensive set of daily reports that enable proactive management and oversight of escrow activities, which includes the “Morning Report” – a daily analysis report of escrow account activity and integrity.
“As we all face the changes required by new regulations, it is more important than ever that FNTG continues to provide our agents with the best tools available,” said Erika Meinhardt, president, Fidelity National Title Group, National Agency Operations. “We are excited to add RynohLive to our portfolio of Best Practice Partners. The no-cost trial program, and preferred pricing shows our ongoing commitment to help our valued agents adopt industry-leading solutions in a cost-effective way.”