Impact/SQL - Escrow

The Escrow module is used to perform all of the traditional functions of escrow officers and their team members. These include the collection and organization of all of the data relating to escrow transactions; the ordering of work from the Title Department; the generation of documents involved in each transaction; the logging of the receipt of funds and the generation of disbursements; and the generation of reports about the work completed through the system. There are a myriad of tools provided to the user, including a Name Search function for locating data in the system, a robust Name and Address File (NAF) function to ease data entry of common data about your clients, and the use of “quick keys” to speed workflow. E-mail functionality is integrated into Impact/SQL, aiding internal and external communications. In addition, the seamless integration of Microsoft Word® into the Escrow module provides an extremely user-friendly mechanism for document preparation. Data entry can be done through a series of screens patterned after the HUD form, or through a series modeled on the Settlement Statement. Regardless of the method selected for data entry, either document (HUD or Settlement Statement) can be prepared for your closings. Workflow aids include ticklers and tracking tools, and there are options available that smooth the data flow between Escrow and centralized wire transfer departments. Documents can be posted to the web, if the companion product, Impact Online is installed.

You are encouraged to review the Escrow Manual, for a full description of all of the functionality of this module.

Review the other Impact/SQL modules:  Title,  Escrow Accounting,  Management Information, and Utilities  or all of our software products.