Feature Overview

Objective

Enable users to process Refund Excess Escrow directly from the Properties > Post screen, eliminating the need to navigate back to the Properties > Escrow tab and streamlining the posting workflow.

Refund Excess Escrow from the Post Screen

Steps to follow:

1. Open the Post Screen

Navigate to Properties > Post for the relevant deal. The system automatically calculates any Escrow Overage to Disburse (e.g., $5,430.00).

2. Start Refund Process

In the Escrow Overage section, click the overage amount hyperlink to initiate the refund workflow.

3. Create Escrow Check

The Write Escrow Check modal opens.

• Select the Escrow Payee manually.
• The system auto-populates:
  • Bank Account (from original escrow deposit)
  • Check Number (next available sequence)
  • Check Template (default escrow template)
  • Check Date (current date)
  • Amount (escrow overage amount)
  • Memo (property address)

Click Post or Post & Print to complete the transaction.

4. System Updates

After closing the modal:

• The Post screen refreshes.
• The escrow overage amount is cleared.
• The Escrow Held balance updates.
• The refund check appears in Properties > Escrow.

5. Complete Posting

Proceed with the remaining Write Escrow Check (Commission) step. The ledger is now balanced, allowing the user to finalize the post with confidence.