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Entering Non-recurring Escrow Payees

Non-recurring escrow payees are entities you may pay on behalf of a homeowner from their escrow fund, but only for something that either occurs once or otherwise not on a regular basis, such as payment to a title company. Add non-recurring payees using the Escrow tab of Affiliate Setup.

If you want to add a recurring escrow payee (a payee to whom regular escrow payments must be made), use the instructions on the Entering Recurring Escrow Payees section.

To add a non-recurring escrow payee

1. Open the Tools tab in the Keystone ribbon and click Affiliate Setup.
2. Open the Escrow tab.
3. Go to the new record line of the Escrow Payee Defaults list.
4. Enter the name of the non-recurring escrow payee in the Escrow Payee Defaults column field.
5. Choose the category for the payee from the Category drop-down list.
   
6. Click the Close button when you are done adding non-recurring payees.

It is not required that you enter non-recurring escrow payees as contacts unless you choose to do so.

For more information on how to make payments to escrow payees that require individual checks, refer to the Recording Escrow Disbursements section.