The Montran Escrow platform allows any bank to provide a fully featured Escrow service to their clients. All funds are automatically allocated to the correct client accounts upon receipt of funds with full alerting, IOLA/IOLTA interest calculation and regulatory reporting. Available as Software-as-a-Service (SaaS) or on premise.
White labelled Escrow Platform for banks, FIs/NBFIs, Property, Legal and, Trust
The Montran platform allows any regulated institution to offer an Escrow service to their clients.
Immediate Customer On-Boarding
Real-Time Account opening (multi-currency) with immediate ability to accept and remit funds.
Multiple Account Structures for different markets
- Property Management (Transaction/Sale, Construction Projects— Retention, Project)
- Trust Accounts
- Full IOLA/IOLTA Management and Reporting
- Litigation Accounts
- Syndicated Finance Control
- Care and Funeral Services
- 1031 Exchange
- Paying Agents
- Bid Contract Management
- Interest Apportionment
Real-Time Reconciliation and Alerting
Real-time reconciliation and automatic funds allocation to the correct Client Account with strict segregation of funds in pooled or omnibus accounts. Alerting also identifies non-receipt and partial/excess funds receipt.
All payment transactions ensure funds are available in the client account before payment instruction can be enacted. Future dated payments that have been committed can form part of this (configurable).
Automated Fees Processing
All Fees can be automatically deducted and accounted for and presented in customer statements/billing.
Virtual IBAN Management (VIBAN)
Full VIBAN support including 1 and 2-way VIBANs.
Bank Account Rationalization
One Bank Account per currency. No need to open real bank accounts for each Escrow.
Dashboards are provided and configurable by job function and KPIs. Automatic alerts of incoming funds or requests that exceed available balances.