SoftPro Releases New Integrations With First American
August 30, 2022
With an integration with First American Trust FSB, users of SoftPro Select can send and receive wires directly in their SoftPro software. The integration supports the delivery of Positive Pay files. Additionally, SoftPro customers who are agents of First American Title will be able to utilize PCN Network’s SAFEvalidation within the SoftPro Banking platform.
“Protecting funds is critical to every real estate transaction, and the new SoftPro Banking integrations with First American Trust and SAFEvalidation provide our customers with more tools to protect those funds,” said Patrick Hempen, SoftPro’s chief customer officer.
With First American Trust’s addition as an integrated banking partner within SoftPro Banking, SoftPro Select users can receive incoming wires into their corresponding SoftPro ledger. Similarly, wire transactions initiated from within SoftPro Select are securely sent to First American Trust for processing.
“We are very excited about the integration with SoftPro Select,” commented Sheri Olsen, First American Trust national director banking services. “This integration allows agents to manage daily banking responsibilities directly in their SoftPro platform creating efficiencies and cost savings. First American Trust is an expert in title and escrow banking and our goal in partnering with SoftPro is to create an integration that makes banking easier for our title agents. We are working on additional products with SoftPro that and will continue to enhance the title agents banking services.”
SoftPro Select users who are agents of First American Title will also be able to validate wire instructions and remediate payoffs without leaving their SoftPro environment through the new integration with PCN Network’s SAFEvalidation application. Users can push wire and payoff information from their SoftPro order to SAFEvalidation and obtain information regarding the bank account’s validity from SAFEvalidation. Account and routing numbers are verified by SAFEvalidation and account numbers are also verified to be owned by the recipient of funds designated by the user through real-time authentication against bank records.
“Our integration with SoftPro, from planning and development, through testing and completion, proceeded smoothly and efficiently,” said Kenneth Smolar, president of PCN Network.
SoftPro Banking features security permissions allowing for the designation of specific users as “approvers” for outgoing wires in addition to approval limits for those designated approvers. The integration with First American Trust also supports SoftPro’s Positive Pay feature that allows for a list of checks to be sent to the bank for authorization of payment—preventing illicit check writing. With SoftPro Banking’s integration with SAFEvalidation, wire instructions are authenticated in real-time and payoff accounts are validated prior to the disbursement of funds.
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