PropLogix stated its service is designed to handle the reporting course of from knowledge assortment by way of submission to FinCEN.
“FinCEN reporting isn’t optionally available, and it isn’t one thing businesses can afford to get unsuitable,” stated David Daley, vp of product at PropLogix. “We’ve constructed an answer that integrates immediately into their present workflow — making certain filings are dealt with precisely and effectively with out disrupting the closing course of.”
Companies embrace buyer-facing consumption to securely gather required data, completion and submission of experiences by PropLogix and integration with present choices from the corporate.
In contrast to some compliance instruments that require title agents to collect and enter knowledge themselves, PropLogix stated it handles purchaser outreach, entity knowledge assortment, type completion and submitting.
“On the finish of the day, our prospects need readability and ease,” Daley stated. “This resolution offers them a simple path ahead with out including pointless complexity to an already busy closing setting.”
The FinCEN reporting service is now out there nationwide.
