Porch Group’s, Rynoh, Launches Highly-Anticipated Escheatment Software Module
June 14 2022 - 08:00AM
Porch Group’s (NASDAQ: PRCH) Rynoh, the premier provider of
settlement software for the title, real estate, and settlement
industries has officially launched its next software module,
RynohEscheat.
The long-awaited module simplifies regulatory compliance across
the country. This easy-to-use cloud-based software seamlessly
integrates with bank accounts ensuring that title agents are
notified of unclaimed funds and helps to facilitate the claims
process in accordance with each state’s escheatment reporting
regulations.
“The RynohEscheat product is a significant advancement in the
title and real estate settlement sector,” said Mary Gomez, Rynoh
President. “There are tens of billions of dollars in unclaimed
funds across the U.S. Our software generates awareness for our
clients, ensuring they are not unknowingly in possession of any of
those funds.”
Porch Group acquired Virginia-based Rynoh in May 2021, to expand
the Company’s reach into the title industry, helping these
companies to grow and run more efficient operations.
“At Porch Group, we strive to make every aspect of the home
simple,” said Matt Ehrlichman, Porch Group founder, chairman, and
CEO. “We believe Rynoh’s commitment to automating laborious
processes that title and settlement companies now deal with
manually will continue to help us grow market share and deliver
strong customer value.”
About Porch GroupPorch Group is a
Seattle-based, vertical software platform for the homeowner
industry. Porch Group provides software and services to over 25,500
home services companies such as home inspectors, utility companies
and loan officers, home inspectors, warranty companies, and real
estate agencies. Through these relationships and its multiple
brands, Porch provides a moving concierge service to homebuyers,
helping them save time and make better decisions on critical
services, including insurance, warranty, moving, security,
TV/internet, and home repair and improvement, and more. To learn
more about Porch,
visit porchgroup.com or porch.com.
Press Contact:Catherine Adcock Gateway Group,
Inc.(949) 574-3860PRCH@gatewayir.com
Investor Relations Contacts:Emily Lear, Head of
Investor RelationsPorch Group(701) 214-8177Emilylear@porch.com
Matt Glover/Alex Thompson Gateway Group, Inc.(949)
574-3860PRCH@gatewayir.com
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