Got Uncashed Checks?

It’s one of those tasks that happen once a year, and like audits, nobody likes to talk about it: escheating of unclaimed funds to the State of California. Every year, we watch thousands upon thousands of dollars being sent to the State for uncashed, outstanding checks. I see refund checks in excess of $2,000.00 being remitted and I have to ask, where are these people? Don’t they WANT...

Your Next Audit: Are You Prepared?

Chances are, you are overdue for an examination by the regulatory body governing your escrow company. Audits are rarely performed when expected. If it’s been close to two years since your last visit from a state auditor, here are some steps you can take now to be prepared and to save yourself some time and money! Review a sampling of your files, both open and closed. Are they orderly with...