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RiM Systems Inc. Recording Application Management. Recording Application. Recording Pkg Management. Easy Order Entry. Order Info. Escrow Number, Property Address, etc. Documents. Parties. Tracking of Important Events. Title/ Escrow Memo Section.
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RiM Systems Inc. Recording Application Management
Recording Application. • Recording Pkg Management. • Easy Order Entry. • Order Info. • Escrow Number, Property Address, etc. • Documents. • Parties. • Tracking of Important Events. • Title/ Escrow Memo Section. • Order Info and Parties are being imported.
Release Recording Pkg. • Escrow can Release Pkg. • Escrow will release within system. • Title can view releases by each county. • Escrow can monitor process from release to record.
Title Operations. • Title can monitor releases throughout day. • Release Report for the day by county. • Name Run Report for the day by county. • Proactively manage releasing process.
Title Ops- Batching • Title can batch releases to county requirements. • Batch Report. • Name Run Report. • Post Confo via automation. • Date. • Time. • Instrument Number. • Fees & Taxes need to be inputted.
Accounting • Improves Recording Check Management • Input of Checks • Associates Checks with Fees • Taxes and Doc Fees • Automation of Bank Reconciliation via export of checks issued • Customizable notification • If check greater than, $50,000, then email sent to Accounting Dept.
Accounting Part 2 • Customized Reporting • Variance Analysis- Actual vs. “Charged”. • Chargeback report.
Reports • Release. • Name Run. • Stale Doc Date. • Fee.
Benefits • Centralized Location for all recording info. • Recording Process is transparent. • Escrow and Title has same info. • Communication. • Standardization. • Tailored. • Customized Reports • Management of Checking Accounts
Future Enhancements • Robust Tracking/ Order Tool. • Escrow can order outside notary. • Schedule Delivery Service pickup. • Automate batching of releases.
Future Enhancements Part 2 • Driven by needs of Customers. • Lessons Learned- Applied. • Build/ Modify application that improves efficiency.