Virtual Escrow Technology™
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FUNDING TIME
Funding Time
Broker Side
Technology
Title Side

Receives funding figures

Completes FUNDING screens from the funding sheet

Upon confirmation of recording, Prints checks in office

Updates Trust Account

HUD1 prints instantly upon confirmation

Disburses Funds

 

System generates authorization to record

Balances file

Closings checks are generated

Final HUD1 is generated

Completed Checks and final HUD1 are made available for printing

Receives confirmation, Title charges and Payoff figures

Balances file

Sends Trust Reports to Broker monthly

 

Back to Processing






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