Escrow Xpress
Simplified Account Management...
for your clients
NJM Bank's EscrowXpress is for Landlords, Attorneys, and other businesses that act as escrow agents for third parties. EscrowXpress is designed to reduce operating costs and save you time with ongoing account openings, account maintenance and tax reporting – allowing you more time to focus on your client.
Account Management Made Easy
NJM Bank's EscrowXpress will simplify your account management needs and make it both easy and convenient by combining all escrow requirements into one complete escrow management product. All you need to do is establish one "Master Account" with interest-bearing sub-accounts for your clients and NJM Bank will do the rest.
EscrowXpress offers:
- No monthly maintenance fee
- Personal identifying numbers on sub-accounts
- Comprehensive monthly activity and summary reports
- Check writing from your Master Account for disbursements
- Complex year-end 1099 and IRS reporting
*E-mail us or call Susan Gummel, Assistant Vice President, Business Development Administration, toll-free at 1-877-NJM-BANK (1-877-656-2265) extension 3703 for more information.
*Please do not send account or sensitive personal information to this address; it is not a secure method of exchanging information.
