9.4 Escrow Disbursement Entry Tab
With the Escrow Disbursement Entry page, you can make payments on escrow from the system in the form of disbursement batches. Disbursement batches record the following information in the Disbursement Group section:
- Company/branch of the account
- Total dollar amount of disbursements
- Total number of disbursements.
The Details section enables you record the following information for each escrow disbursement batch:
- Account number
- Transaction date
- Disbursement amount
- Escrow sub type.
You can use the Escrow Disbursement Entry page to:
- Validate disbursement totals entered in the Disbursement Group section against the transaction totals entered in the Details section.
- Post a validated disbursement entry batch.
- Cancel a disbursement entry batch.
Note:
You cannot cancel a posted batch. Hence temporarily place a disbursement entry batch on hold before validating or posting it.
A posted batch cannot be cancelled. Temporarily place a disbursement entry batch on hold before validating or posting it.
Viewing Batches
The Escrow Disbursement Entry pages enables you to view either all escrow disbursement batches or only open escrow disbursement batches. You can choose which type of batch you want to view using the View Options section. Viewing all batches enables you to locate escrow disbursement batches with a status of OPEN, PROCESSING, PROCESSED, ERROR, or CANCELLED.
This section consists of the following topics: