As a real estate closing attorney or title company, First Banking understands the needs of your business. FBS works in concert with your closing and accounting systems to provide the reporting necessary to help keep you in compliance regarding the reconciliation requirements of your underwriter, auditors, or other government regulatory agencies. We retrieve your deposit and payment data from your closing software and allow optional on-line inquiry during the reconciliation process. Or, we go directly on-line to your closing system to reconcile your account and produce your reports.

You Receive

• A comprehensive 3-way reconciliation - as required by your underwriters
• A detail report of your balance by escrow or file number
• A detail report at the file level of every receipt and payment made on behalf of the file....tracked until it zeros out
• Third Party involvement in your reconciliation process
• Authorized submission of report copies to your underwriter(s)

Standard Monthly Reports (per your closing production system)

• A Reconciliation Statement
• Current Period Deposits and Payments Registers
• Outstanding Deposits and Payment Registers
• Escrow Trial Balance Report
• Detailed File-By-File Reporting on Each Non-Zero File