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Escrow Manager

Escrow Manager

Northeast Bank’s Escrow Manager platform is an online sub-accounting system that allows for easy accounting and management of escrow funds.

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Escrow Manager Platform Benefits

With Escrow Manager you can do the following without contacting the Bank:

  • Open, manage, and close an unlimited number of escrow accounts under one Master Account
  • Search and view escrow account history
  • Retrieve mid-cycle balance reports and historical statements for the Master account and sub-accounts 
  • Extract your escrow data for further analysis 
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Suited to your needs.

Northeast Bank’s Escrow Manager platform can be used for a wide variety of escrow accounts, including but not limited to:

  • Municipalities/government funds
  • Attorney/trust (IOLTA and IOLA) 
  • Landlord/tenant
  • Real estate (IORETA) 
  • Title company 
  • Developer 
  • Surrogate 
  • Resident care 
  • 1031 Exchange 
  • Pre-needs deposits (funeral services)
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Northeast Bank also offers:

  • Platform training by Northeast Bank
  • Extended FDIC deposit insurance programs – choose to fully insure your deposits with extended FDIC deposit insurance programs
  • 1099 reporting to taxing authorities and clients for the Master Account

Contact us today to learn more.

Matthew Colpitts

Matthew Colpitts
Senior Vice President, Director
of Government Banking
207-514-1712
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