Gain better control over your escrow management activities. Fifth Third Bank’s Escrow Manager helps you efficiently manage the end-to-end escrow process. From account separation and tracking, to accounting and reporting, Escrow Manager provides automated solutions for each of these challenges. It is a streamlined approach that improves control over fiduciary management to help mitigate commingling of funds.
Let Fifth Third Bank Escrow Manager help you:
- Collect and hold escrow balances and accrue interest.
- Make disbursements easily.
- Compile comprehensive reports on debits, credits, and interest.
- Reduce the administrative burden of managing separate accounts.
- Reduce costs associated with manual processes.
- Streamline account opening and closing.
How Escrow Manager works:
Fifth Third Bank establishes a master account on your behalf to control record keeping in addition to sub-accounts for each of your customers for which we help you manage an escrow.
With Escrow Manager, you can count on:
- Simplified escrow management and record keeping
- Monthly statements indicating activity on all levels
- Automatic Form 1099 reporting to all sub-account holders
Find out more about our Escrow Manager. Contact a Treasury Management Officer or a Relationship Manager.
Deposit and credit products offered by Fifth Third Bank. Member FDIC.