Services

Electronic Trust Account Service (ETAS)

Let RBJ oversee your trust account activity. On a daily basis, securely transmit your trust account activity to RBJ’s professional, trained staff. They’ll process your activity and produce daily and monthly PDF reports to view or print at your convenience.

 

Positive Pay Data Transmission

For an added level of security on your trust account, add Positive Pay Data Transmission service. Positive Pay is a service provided by many banks to help prevent fraud. With participating banks, your daily “check issue” information will be transmitted to your bank for verification.

 

1099-S Tax Processing

RBJ's Processing Service helps keep you compliant with government regulations. Easily generate 1099-S information from RBJ’s Escrow Processing software and electronically transmit to RBJ. After a content verification process, we can prepare and mail the 1099-S form to your client (full service), or you can (partial service). You choose between full or partial processing, we do the annual state and federal IRS filing.

 

Specially Designated Nationals (SDN) List Access

SDN List Access allows for easy compliance with regulations on Specially Designated Nationals, established by the Department of the Treasury’s Office of Foreign Assets Control (OFAC).

Quickly and easily check the parties to your escrows, third party depositors, and payees of disbursements against OFAC's SDN list.

Note — As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called 'SDNs'. Their assets are blocked and U.S. persons are generally prohibited from dealing with them.

Source: www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx

 

3-Way Reconciliation Service

To detect any discrepancies between your trust accounting reports and bank statements, RBJ offers a daily or monthly reconciliation service. Only RBJ’s reconciliation service indicates when a check has cleared the bank — and it's available in both our escrow processing and our trust accounting software.