Escrow Manager
Get precise control over cash balances so you can maximize investment opportunities.
Fifth Third Bank’s escrow manager simplifies escrow management and record keeping by enabling clients who manage other people’s funds to gain better control over separate accounts.
With our automated solutions, you can collect, hold, and track escrow balances, while at the same time, keeping accounts segregated. You will have a master account, in addition to sub-accounts for each of your customers. This solution provides the reporting for you, including automatic form 1099 reporting to all sub-account holders, and monthly statements showing activity on all levels.
Let Fifth Third Bank Escrow Manager help you:
- Make disbursements easily.
- Compile comprehensive reports on debits, credits, and interest.
- Reduce costs associated with manual processes.
- Streamline account opening and closing.
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