Managing escrow accounts has traditionally been a time-consuming, manual process involving multiple steps, paperwork, and compliance considerations. What if you could streamline this as a simple online banking platform?
With Escrow Direct, you can open, fund, manage, and close escrow accounts and subaccounts—quickly, easily, and securely.
This robust, complimentary tool is now available to FVCbank customers, offering a seamless way to oversee your financial responsibilities while meeting regulatory requirements.
Flex Your Escrow Management Muscle
Escrow Direct is designed for businesses and organizations that rely on precise escrow account management, including:
- 1031 Exchange Intermediaries
- Attorneys and Law Firms
- Property Management Companies
- Title Companies
- Real Estate Firms
- Nonprofits
- Funeral Homes
- Nursing Homes
- And more!
Whether you’re safeguarding client funds, managing transactions, or distributing payments, Escrow Direct ensures compliance is integrated into every step of the process.
Features to Streamline Your Operations
With Escrow Direct, managing your accounts is easier than ever. Here’s what you can expect:
- Regulatory Compliance Built-In: Simplify compliance with pre-integrated features for secure W-9 document uploads and automatic digital signatures.
- Custom Reports and Statements: Generate and download tailored reports and statements for better visibility into your escrow activities.
- Flexible User Management: Add multiple administrators and assign varying levels of access to match your organizational needs.
- Account Customization: Adapt Escrow Direct to handle unique account requirements and preferences.
- Online Beneficiary Documentation: Allow beneficiaries to complete and submit account documentation entirely online for faster processing.
- Bulk Subaccount Transitioning: Transitioning or adding new subaccounts? Escrow Direct enables bulk uploads to save time and effort.
- Data Distribution Across Accounts: Effortlessly calculate, split, and distribute critical data across accounts and subaccounts, all within the platform.
Why Choose Escrow Direct?
Managing escrow accounts shouldn’t feel like a burden. Escrow Direct eliminates inefficiencies and streamlines your operations, empowering your team to focus on what they do best. Whether you’re a real estate professional, attorney, or nonprofit, Escrow Direct is tailored to meet your unique needs—compliance and all.
Ready to Get Started?
If you’re already an FVCbank customer, contact your account manager today to activate Escrow Direct and start simplifying your escrow account management.
Not a customer yet? You can contact us, visit one of our branches in the Washington, DC and Baltimore area, or open an account through our online banking portal.
