Rynoh and paymints.io Unveil New Integration

February 22, 2022

Financial security software provider Rynoh and paymints.io, a digital funds transfer solution, announced an integration that enables title agencies to accept funds and reconcile bank transactions.

Paymints.io subscribers can now directly access Rynoh’s daily automated transaction retrieval and reconciliation functions. The increased efficiency offers comprehensive oversight for faster error discovery, correction and safeguard against costly fraud. This allows title agencies to automatically reconcile and clear the transaction without logging into multiple systems or cross-referencing multiple screens.

Rynoh offers account auditing, daily reconciliation, transaction monitoring, anti-fraud algorithms and built-in automated reporting. Paymints.io’s multi-purpose application is designed to eliminate the need for paper checks and defend against wire fraud. The system not only collects earnest money deposits or cash for closing, but also offers an expansive vendor marketplace featuring real estate agents, mortgage brokers, real estate attorneys, and other service providers who may be due funds or payment at closing. A disbursement to all clients and vendors can be initiated within 60 seconds, eliminating the process of printing and mailing paper checks or multiple phone calls to confirm routing and wiring instructions.

“Rynoh has long been a pioneer in the title technology field, and their platform has become the gold standard for the industry,” said Amit Doshi, COO of paymints.io. “We’re honored to collaborate with them to help title agents digitize their operations and start to eliminate the archaic practice of check-writing in the real estate transaction.”

Matt Reass, Rynoh’s executive vice president of strategic partner relationships, added, “Our clients rest easier knowing that Rynoh is on the job protecting them and we’re always looking for innovative new ways to do so. We couldn’t be happier about this partnership with paymints.io and the opportunity to provide digital funds transfer users with the same protection as our existing clients through automated transaction reconciliation of funds accessible directly on their paymints.io dashboard.”

Contact ALTA at 202-296-3671 or communications@alta.org.