Providing Software Solutions for Real Estate Brokers, Attorneys,
Title Companies and the entire Real Estate Industry.
Robert Erney
President
Elite Software Corp
PO Box 5087
Chicago, IL 60680
Office: 630-483-1035
Elite Software Corp.
Presents:
Real Estate Escrow
Compliance Software
Real Estate Brokers are required by License Law to keep and maintain
certain records regarding escrow funds.
Escrow funds are typically defined as “”all monies, promissory notes or any
other type or manner of legal tender or financial consideration deposited
with any person for the benefit of the parties to the transaction”.
As Every Real Estate Broker is aware, each Sponsoring Broker is required to
keep most or all of the following:
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6.
An Escrow Journal for each escrow account;
A Ledger for each transaction;
Perform a monthly reconciliation;
Keep an Escrow Account Log;
Maintain Ledger Cards for each transaction;
Maintain Broker Ledger Cards for each transaction.
The Elite real estate escrow management software provides an escrow
management software solution to this tedious and time consuming
task. The Elite escrow software program includes:
1.
2.
3.
4.
5.
6.
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10.
Escrow Journal;
Property Ledger Cards;
Broker Ledger Cards;
Escrow Account Log;
Monthly Reconciliation Sheet including Deposit and Withdrawal
Logs;
Real Estate Agent Logs;
Agent Maintenance Records and Alarms for due dates;
Automatic Reconciliation Calculation;
Check Writing;
Dozens of Reports
The Initial Screen Display
The Escrow Journal - A chronological accounting of all
deposits and withdrawals to the escrow account.
Company Information – Begin with entering your
brokerage information. Simply click the Options button
at the top right of the initial Ledger Screen.
New Bank Account Entry – To enter an escrow bank account, simply click the Account
button at the top of the initial Ledger Screen. Please keep in mind if you will be entering
more than one account. You may want to enter a short name before the account number so
there is no confusion when choosing the account. Entering data in the wrong account can
be a real problem come reconciliation time.
Real Estate Agent Entry – To enter your real estate agents, simply click the
Realtor button at the top of the initial Ledger Screen. When entering the
License # please keep in mind the field is only 9 digits long. If you enter to
many digits the software closes. Please keep digits and spaces under 10.
New Property Entry – To enter a new listed property,
simply click the property button at the top of the initial
Ledger Screen.
Ledger Card Entry – To make a ledger card entry, click
the ledger button at the top. By typing the first part of
the property address, most data is automatically filled
in for property ledger card entries.
Property Journal – This Journal lists Records of all
properties. Clicking on any given address immediately
brings up the property ledger card for that address.
Property Ledger Cards - Simply click on any property
address in the property ledger and the property ledger
card for that address appears.
Realtor Records – This Journal lists Records of all real
estate agents sponsored by the broker. Clicking on any
given agent immediately brings up the realtor
information card for that agent.
Realtor Records – Simply click on any real estate agent in
the realtor ledger and the realtor information card card for
that address appears.
Escrow Bank Account Journal – This Journal contains
records of all escrow bank accounts used by the
brokerage. Clicking on any given account immediately
brings up a record card for that particular bank.
Escrow Bank Account Information Card – Click on any
bank account in the accounts ledger and the escrow bank
account card card for that bank account appears.
Broker Ledger Funds Journal –- This Journal is a
chronological accounting of all broker funds deposits
and withdrawals to the escrow account.
Broker Ledger Cards – Simply click on any broker
transaction in the broker ledger and the broker ledger
card for that transaction appears.
The Reconciliation Work Sheet
The Elite Escrow Management
Software includes a reconciliation
worksheet that handles the
tedious process of the monthly
reconciliation in minutes.
The broker simply enters any nonescrow amounts into the Broker
Ledger Card (such as bank
account fees) enters the bank
statement balance, and checks off
any outstanding deposits or
withdrawals and the worksheet.
That’s it!
The program does the rest. The
account is reconciled in a matter
of minutes instead of hours, (and
in the case of written errors, days).
The Reconciliation Work Sheet
Reports – Simply click on the Reports button at the top
of the initial Ledger Screen and the report menu
appears. Then choose the report you want.
The Reconciliation Report
The Reconciliation Report cont’d.
The Escrow Journal Report
The Broker Ledger Card Report
The Property Ledger Card Report
Check Writing from Elite – After making your ledger
card entry, click “Print Check” to print your check from
REMS.
Elite Escrow Management Reports
The Elite Software provides a multitude of
reports that are just a click away. These
reports include:
The Escrow Journal
Individual Realtor Report
All Sponsored Agents Report
Current Sponsored Agents Report
Past Sponsored Agents Report
Individual Ledger Card Report
All Ledger Cards Report
Closed Ledger Cards Report
Open Ledger Cards, Report
Individual Broker Ledger Card Report
Individual Broker Ledger Card Report
All Broker Ledger Cards Report
Broker Ledger Cards by Date Report
Close Broker Ledger Cards Report
Open Broker Ledger Cards Report
Agent CE Report
Agent License Report
Agent E&O report
Agent Auto Insurance Report
Previous Reconciliation Reports
Elite Software Corp.
Providing Software Solutions for the Real Estate Industry
Elite Software Corp.
Sales, Customer Service and Technical Support
PO Box 5087
Chicago, IL 60680
Phone: (630) 483-1035