Fidelity National Financial, Inc. · NYSE:FNF
Fidelity National Financial — RynohLive — Investor Presentation (2016)
10 slides from Fidelity National Financial's investor presentation, 2016
Slide 1: RynohLive
RynohLive TITLE GROUPE Walepesiry Presented by: NATIONAL
Slide 2: Matt Reass, Senior Vice President
Matt Reass, Senior SCROW BEST PRACTICES Vice President Matt Reass joined Segin Systems, Inc. in June 2015 as Senior Vice President. Prior to joining Segin, for thirteen years Matt worked for a Virginia based title and settlement agency, Reliant Title Insurance Agency. A licensed underwriter and Virg
Slide 3: RynohLive Escrow Best Practices
RynohLive SCROW BEST PRACTICES ® • Protected over $1 Trillion (June 2016) • Monitored over 4 Million real estate closings • Electronic Verification (per ALTA’s Best Practice Pillar #2) • Financial Transparency (per Dodd-Frank/CFPB) • Agent Monitoring 24/7 (OCC Bulletin 2013-29) • Eliminate Check Fra
Slide 4: ALTA Pillar No. 2
ALTA Pillar SCROW BEST PRACTICES No. 2 “Adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.”
Slide 5: Multiple platforms of RynohLive
Multiple platforms SCROW BEST PRACTICES of RynohLive® nohPay • RynohRecon Automated Positive Pay (payee or non payee match) • 3-way Reconciliation (daily and automated) Scheduled to match Bank updates • Group Deposit Matching Stand-alone solution when bank does not provide • Reconciliation Wizard no
Slide 6: RynohLive (true daily reconciliation)
RynohLive® SCROW BEST PRACTICES(true daily reconciliation) • Summary Page q Bank Statement q Outstanding Deposits Be able to present a daily report q Outstanding Check Report q Account Adjustments q Trial Balance • Debits & Credits = Bank & Book • Red Flags q Stale Dated Checks q Undisbursed Funds q
Slide 7: Agency Oversight
Agency Oversight SCROW BEST PRACTICES • Continuously monitor / audit agent escrow account practices • Antifraud algorithms to detect potential problems • Minimize financial losses due to fraud and agent defalcation • Reduce personnel, audit and travel costs • Comprehensive rather than selective file
Slide 8: Benefits of RynohLive
Benefits of RynohLive SCROW BEST PRACTICES ® • Eliminate Financial Losses • Disbursing errors • Check Fraud • Cyber Fraud • Embezzlement • Audit Ready Daily • Reduced Operating Costs • Ensure Regulatory Compliance • Meet CFPB/Dodd-Frank requirements for financial transparency
Slide 9: ALTA Pillar No. 2 (continued)
ALTA Pillar No. SCROW BEST PRACTICES2 (continued) “On at least a daily basis, reconciliation of the receipts and disbursements of the Escrow Trust Account is performed” – RynohRecon “Results of the reconciliation are reviewed by management and are accessible electronically by the Company’s contracte
Slide 10: Robert Pleasants, EVP Sales & Marketing
Robert Pleasants, EVP Sales & Marketing P: 757.333.3760 | C: 561.628.7463 Robert.Pleasants@rynoh.com | www.rynoh.co Matt Reass, Senior Vice President P: 757.333.3772 | C: 757.652.9288 Matthew.Reass@rynoh.com | www.rynoh.com