Escrow Manager
Northeast Bank’s Escrow Manager platform is an online sub-accounting system that allows for easy accounting and management of escrow funds.
Escrow Manager Platform Benefits
With Escrow Manager you can do the following without contacting the Bank:
- Open, manage, and close an unlimited number of escrow accounts under one Master Account
- Search and view escrow account history
- Retrieve mid-cycle balance reports and historical statements for the Master account and sub-accounts
- Extract your escrow data for further analysis
Suited to your needs.
Northeast Bank’s Escrow Manager platform can be used for a wide variety of escrow accounts, including but not limited to:
- Municipalities/government funds
- Attorney/trust (IOLTA and IOLA)
- Landlord/tenant
- Real estate (IORETA)
- Title company
- Developer
- Surrogate
- Resident care
- 1031 Exchange
- Pre-needs deposits (funeral services)
Northeast Bank also offers:
- Platform training by Northeast Bank
- Extended FDIC deposit insurance programs – choose to fully insure your deposits with extended FDIC deposit insurance programs
- 1099 reporting to taxing authorities and clients for the Master Account
Contact us today.
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| Matthew Colpitts Senior Vice President, Dir. of Government Banking 207-514-1712 Send Email | Jason Simcock Senior Vice President, Senior Government Banker 207-514-1609 Send Email |