Rynoh and paymints.io rolled out an integration that allows title agencies to accept funds and reconcile bank transactions.
With the integration, paymints.io subscribers can directly access Rynoh’s daily automated transaction retrieval and reconciliation functions. The increased efficiency facilitates faster error discovery, correction, and fraud safeguards for title agents, according to the companies.
Rynoh is a financial security and management software company for the real estate settlement services industry. Its platform offers account auditing, daily reconciliation, transaction monitoring, anti-fraud algorithms, and automated reporting.
“Our clients rest easier knowing that Rynoh is on the job protecting them, and we’re always looking for innovative new ways to do so,” Rynoh Executive Vice President of Strategic Partner Relationships Matt Reass said in a release. “We couldn’t be happier about this partnership with paymints.io and the opportunity to provide digital funds transfer users with the same protection as our existing clients through automated transaction reconciliation of funds accessible directly on their paymints.io dashboard.”
Paymints.io’s application is designed to eliminate the need for paper checks and defend against wire fraud. The system collects earnest money deposits or cash for closing and offers a vendor marketplace of service providers who may be due funds or payment at closing.
“Rynoh has long been a pioneer in the title technology field, and their platform has become the gold standard for the industry,” paymints.io Chief Operating Officer Amit Doshi said. “We’re honored to collaborate with them to help title agents digitize their operations and start to eliminate the archaic practice of check-writing in the real estate transaction.”