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Special Services
Escrow Account Management Service
Provident Escrow Account Management Service is designed
to help your business manage a client's escrow funds
with simplified procedures and a reduction in the
paperwork normally associated with escrow administration.
Provident's Escrow Account Management Service allows
you to establish one master account instead of many
individual accounts. This convenient master account
enables you to open or close an unlimited naumber
of separate sub-accounts as needed. The account can
be used for rent security, property management, attorney
escrow, realtor escrow, and title escrow. It features:
- Consolidated records
- Reduced administrative burden
- Audit trail
- Funds security
- Complete IRS reporting
- Secure and confidential
- Sub-accounts FDIC insured up to $100,000
- No miscellaneous fees
- Comprehensive monthly statements
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