1031 Exchange Technology

1031 Exchange Services Can Grow and Add Revenue to Your Title Business

meredithb@accruit.com — Mon, 15 Jul 2024 15:20:31 +0000

1031 Exchange Services Can Grow and Add Revenue to Your Title Business

meredithb@accr… Mon, 07/15/2024 - 15:20

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1031 Exchange Services Can Grow and Add Revenue to Your Title Business

Accruit’s 1031 Exchange platform, Managed Service, allows companies within the real estate industry to offer 1031 Exchange services, in addition to their primary business. Offering “In-house” 1031 Exchange services allows you to capture the revenue that you are currently referring away to your competitors, as well as accelerate growth for the primary business, such as title work for title and escrow companies.

One might ask, how does offering 1031 Exchange services help generate more title work? There are a couple of ways in which Managed Service, the 1031 Exchange platform, has proven to grow title work.

Retain Existing Clients, Stop Referring Them Out to Competitors

As a title company, if you do not offer “in-house” 1031 Exchanges services and you come across a client needing a Qualified Intermediary (QI) there is a good chance you might refer them to Exchange Companies that are subsidiaries of your competitors.

Once that referral is made, the chances of the referring title company earning the title work on future real estate transactions for that client is greatly reduced. All consumers prefer the path of least resistance, and the most efficient means to an end. If the QI handling the 1031 Exchange has an “in-house” title department, they are going to recommend that service to their Exchanger - you may be saying good by to future closings.

Let’s look at this scenario closer. The national average fee for title work is roughly $3000 per real estate closing. Every 1031 Exchange must have at least one Relinquished Property sale and one Replacement Property sale. That’s $6000 in title work per 1031 Exchange. If the title company offers 1031 Exchange services through Managed Service, they have secured an additional $3000 in title work with a valid 1031 Exchange. However, if they do not and they recommend an Exchange Company with a title department for the 1031 Exchange, they may miss out on the $2000 Replacement Property transaction.

Utilize 1031 Exchanges to Generate More Title Work

Offering 1031 Exchange services through Managed Service provides the title company an inside track to upcoming real estate transactions. As an Exchanger, not only are they disposing of at least one property, they must acquire at least one more property for a valid exchange. Right there you have a second real estate transaction. Many 1031 Exchanges involve multiple properties on either side of the exchange, resulting in even more title work.

The opportunities don’t stop there. 1031 Exchange documents, included in the closing paperwork, not only include the Buyer’s and Seller’s details, but also their real estate agents’ details. Exchange documentation is a great prospecting tool, with a built-in “sale pitch.” Depending on the property type and intent, there is a good chance the Buyer or Seller might also be interested in participating in a 1031 Exchange.

Let’s put the above scenario into practice. As a Managed Service facilitator offering 1031 Exchange services, your client is participating in a 1031 Exchange, and you are handling the closing of their Relinquished Property. The Sales Contract will include the Buyer’s information, which can be used for an introductory call - “Hello Buyer, our company is handling the title work for the property at XYZ that you are purchasing. Are you buying this as part of a 1031 Exchange? Are you interested in our 1031 Exchange services? Are you happy with the current title company, we would be more than happy to help you with your closing.”

1031 Exchange as a Tool to Accelerate Title Business

1031 Exchange services through Managed Service should not be seen as an ancillary service offering. It is truly a supporting product offering that will help not only retain existing clientele, but also help companies generate new title work.

In today’s market, where real estate transactions have slowed, it is more important than ever for title companies to capture as much revenue as possible and protect the business they have built, but also look at unique ways to stand out from the competition. Offering “in-house” 1031 exchange services through Managed Service provides a solution to both. Read about the results a title company saw after implementing Managed Service.

The material in this blog is presented for informational purposes only. The information presented is not investment, legal, tax or compliance advice. Accruit performs the duties of a Qualified Intermediary, and as such does not offer or sell investments or provide investment, legal, or tax advice.

Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

marketing — Wed, 26 Jul 2023 14:31:21 +0000

Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

marketing Wed, 07/26/2023 - 14:31

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Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

In Fall 2022, Exchange Manager Pro^SM completed its’ SOC 2 Type I Report, which reviewed Accruit’s internal processes and procedures in relations to how both the company and its software handles customer data. Successfully achieving SOC 2 Type I established that Accruit’s procedures for handling customers data and information met the industry leading requirements for safeguarding customer data.

Over the past nine months, Johanson Group with the help of Secureframe has been reviewing in detail the information and assurance of the execution of the controls Accruit has in place relevant to security, availability, and processing integrity of Exchange Manager Pro^SM pertaining to users’ data and the confidentially and privacy of the information processed. By achieving SOC 2 Type II, Johanson Group attests to Accruit’s information security controls meet the leading industry standards for security, confidentiality, availability, privacy, and processing.

Starting out as Accruit’s in-house software for processing 1031 Exchanges, Exchange Manager Pro^SM, is now a SaaS (Software as a Service) offering utilized by several Qualified Intermediaries to process their 1031 Exchanges. Through embedded controls, automated workflows and digital document creation and execution, Exchange Manager Pro^SM has revolutionized the way in which 1031 Exchanges are processed across the industry.

“By developing Exchange Manager Pro^SM, a cloud-based technology, Accruit is quickly revolutionizing the 1031 exchange marketplace and becoming the industry standard. Utilizing Exchange Manager Pro^SM for the efficient processing of 1031 Exchanges is why we dedicated time and effort to ensure our client’s data is managed through tested redundancies, high security and uncompromised procedures,” stated Brent Abrahm, CEO of Accruit.

About Accruit Technologies

Accruit Technologies, a wholly owned subsidiary of Inspira Financial, developed Exchange Manager Pro^SM, a proprietary, cloud-based SaaS application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager ProS^M SOC 2 Type I and Type II certified, is designed to automate routine functions of Qualified Intermediaries including online client onboarding, document creation and distribution, and automatic deadline reminders and notifications.   

Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

marketing — Tue, 24 Jan 2023 15:31:06 +0000

Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

marketing Tue, 01/24/2023 - 15:31

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Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

A veteran Qualified Intermediary company, QI ABC, facilitates roughly 25-30 exchanges per month. They want to reduce their workload as they transition toward retirement, but they are not ready to shut down shop altogether. QI ABC realizes the value of the business is tied directly to the principals. Therefore, selling the business is not a lucrative option unless they maintain working in the business at a similar level, defeating the purpose of scaling down. QI ABC looks for options to begin enjoying the fruits of their labor, while maintaining a revenue stream that supports semi-retirement. But their options are sparse. The QI could reduce the number of 1031 exchanges they will accept and process, but eventually this erodes their reputation and eventually will eliminate their revenue stream entirely. Learn how Accruit’s Managed Service, a white-label QI solution for 1031 exchanges, became the solution for this Qualified Intermediary.

The Facts

QI ABC has been in the 1031 exchange business for over 30 years, the partners are both gearing toward retirement and are looking for options to reduce their workload, maintain a legacy, and make a profit off the business they built over to past three decades.

The Problem

Knowing the desire to retire was on the near horizon, QI ABC started to look at their options for entering semi-retirement and turning a profit from the long-term business they built. When QI ABC investigated selling their Qualified Intermediary business, they realized the value in their QI business was themselves. Their QI business was built upon their industry reputation and without them involved in the day-to-day, QI ABC was not valuable to an outsider buyer.

QI ABC knew that the status quo was not a solution because they could not maintain the same workload and output as they look to enter semi-retirement.

QI ABC had run out of ideas and options, but they were committed to finding a solution as they entered their golden years.

The Solution: Managed Service through Exchange Manager Pro^SM

QI ABC received an email from fellow FEA member Accruit about their Managed Service offering through Exchange Manager Pro^SM and began a conversation about business possibilities going forward. Knowing Accruit was a renowned player in the 1031 Exchange industry, QI ABC, determined that a turnkey, white-label Qualified Intermediary solution, might just be the solution for them.

Implementing Managed Service, QI ABC can continue to offer 1031 services “in-house” under their existing brand. To their client base, there is no noticeable change in service to get a 1031 exchange started. Once the 1031 exchange is initiated by QI ABC, the Exchange Manager Pro^SM team of 1031 experts work behind the scenes as the back-office qualified intermediary to facilitate the 1031 exchanges.

Upon further conversations with Accruit on their Managed Service offering, QI ABC learned of the following benefits they would receive as a Managed Service client:

QI ABC, would leverage the buying power of a national QI which could earn them more revenue from depository funds
QI ABC’s branding would remain intact and pre-designed marketing collateral would be provided
QI ABC is electronically notified and informed on every step of the 1031 process
QI ABC’s workload would be reduced by roughly 80%

Implementing Managed Service would allow QI ABC to continue business as usual without sacrificing transactional volume. Yet, they would greatly reduce their internal efforts because Accruit’s Managed Service is facilitating the actual 1031 exchanges through the industry’s only 1031 exchange workflow solution.

The Result

QI ABC couldn’t be happier with their decision to implement Managed Service. After three decades, within nine months, QI ABC saw the following benefits:

Workload reduction by roughly 80%
Leveraged the “buying power” of a larger QI, producing up to 300% of previous revenue per transaction compared to Managed Service
Took first uninterrupted vacation in many years

As a seasoned Qualified Intermediary company, aware of the due diligence required to set-up a new 1031 Exchange, QI ABC, seamlessly transitioned into Managed Service. Accruit’s Exchange Manager Pro^SM, the patented 1031 exchange workflow, made the data and document collection and delivery secure and timely for all parties involved.

Are you a QI looking for options? Maybe you want to scale back your personal efforts in your business without affecting your revenue. Maybe you want to leverage the “buying power” of a larger QI?

Learn more about Managed Service and how it could benefit your existing Qualified Intermediary operations.

Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

marketing — Tue, 25 Oct 2022 14:39:05 +0000

Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

marketing Tue, 10/25/2022 - 14:39

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Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

In today’s market with inflation at a multi-decade high and escalating interest rates many businesses want to “wait and see”, rather than “adapt and act”. We believe if you aren’t moving forward, you are moving backwards, and now is the perfect time to reinvest into your business and improve your 1031 exchange infrastructure – if you don’t, know that others will.

Exchange Manager Pro^SM, the only patented 1031 exchange web-enabled workflow, is proving its worth time and time again as Qualified Intermediaries (QI) across the country continue to license and implement the software in their own organizations.

Features of Exchange Manager Pro^SM include:

Standardized workflow with embedded controls to ensure exchange compliance
Single data entry to reduce data redundancies and potential for errors
Automated document creation and execution
Calendar-view of all exchanges, with automated reminders to ensure timeliness
Central repository for all exchange documents with robust reporting options

Exchange Manager Pro^SM QI clients are experiencing the following since implementing the revolutionary 1031 workflow technology:

30-50% reduction in time spent on mundane, tedious administrative tasks
Increased efficiencies with up to 35% reduction in processing times
Reduced operating expense by replacing costly and typically antiquated software programs including client databases, electronic signature applications, and file storage systems

Exchange Manager Pro^SM delivers on the expectations of today’s exchanger, including real-time access to exchange data, timely completion of requests, and the ability to handle last minute closings without skipping a beat. As a QI, don’t just meet, but strive to exceed these elevated expectations, Exchange Manager Pro^SM makes that possible.

With 2023 just around the corner and the first quarter being the most active for 1031 exchanges historically, now is the time to act on improving and scaling your QI processes.

Case Study: Title Company ABC Implements Managed Service

Karlee Kilbey — Thu, 28 Jul 2022 15:20:04 +0000

Case Study: Title Company ABC Implements Managed Service

Karlee Kilbey Thu, 07/28/2022 - 15:20

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Case Study: Title Company ABC Implements Managed Service

The Facts

Title Company ABC does the title work for several customers that utilize 1031 exchanges on their real estate transactions for properties held for investment and business use. Because Title Company ABC does not service 1031 exchanges, they must refer these customers out to a competitor that services 1031 exchanges, in addition to title work.

The Problem

As Title Company ABC continues to refer their customers executing 1031 exchanges out to their competitor, eventually, some of these customers moved all their business, including title work, over the competitor to simplify the process by keeping everything with one company.

Because Title Company ABC did not have the time or resources to start a Qualified Intermediary needed to service 1031 exchanges in house, they would continue to lose some customers to their competitors and lose present and future revenue – they needed to find a solution.

The Solution: Managed Service by Exchange Manager Pro^SM

Title Company ABC attended a recent Land Title convention held by their state association. While attending, they heard about Managed Service through Exchange Manager Pro^SM, a turnkey, white-label Qualified Intermediary solution.

Managed service would allow Title Company ABC to offer 1031 exchanges “in-house” under a custom branded Qualified Intermediary entity, while the Exchange Manager Pro^SM team of 1031 experts worked behind the scenes as the back-office facilitating the 1031 exchanges.

The unique nature of Managed Service will allow Title Company ABC to offer and monetize 1031 exchanges without needing to invest or divert scarce resources.

Title Company ABC decided to give Managed Service by Exchange Manager Pro^SM a try. For a nominal upfront set-up fee, they were onboarded as Managed Service clients within days, and they were able to start offering 1031 exchanges to their existing clientele.

The Result

Within a few short months of implementing Managed Service, Title Company ABC has earned roughly $20,000 of new income from the revenue share which is made up of both shared fee and deposit revenue. Additionally, they were able to retain roughly 10 customers that they would have previously referred out to a competitor, and they were able to secure a handful of new customers that were looking for a title company that offered both 1031 exchange and title services under the same roof.

Does this scenario sound familiar? If so, visit to learn more about Managed Service and how it could benefit your company.

Qualia FORES22 Debut of Exchange Manager Pro(SM)

Karlee Kilbey — Fri, 15 Apr 2022 15:38:13 +0000

Qualia FORES22 Debut of Exchange Manager Pro(SM)

Karlee Kilbey Fri, 04/15/2022 - 15:38

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Qualia FORES22 Debut of Exchange Manager Pro(SM)

Exchange Manager Pro^SM by Accruit had the pleasure of not only attending, but co-sponsoring the recent Qualia Future of Real Estate Summit 2022 (FORES22). FORES22, Building a Connected Tomorrow, was designed to bring together title & escrow, mortgage, and property tech companies to explore technology, processes, and business models to unite all segments for an improved client experience. Exchange Manager Pro^SM was right at home, introducing its white label 1031 exchange solution, Managed Service, to companies in attendance from across the US.

What is Managed Service?

Managed Service through Exchange Manager Pro^SM provides a value add for title companies and others that are interested in offering 1031 exchange services. The white-labeled 1031 exchange technology solution allows the company, referred to as exchange facilitator, to maintain the relationship with their client while Exchange Manager Pro^SM provides all of the documentation and banking services of the Qualified Intermediary (QI) behind the scenes, providing a turnkey 1031 exchange experience for all parties.

Managed Service not only provides an improved customer experience for the exchange facilitator’s client, but it also eliminates the need for companies to turn away clients or worse, recommend a competitor for the 1031 exchange. Lastly, it creates a new income source for exchange facilitators through a revenue share.

How does Managed Service Work?

Implementing our white-labeled QI, Managed Service, is seamless for all involved. Once a Managed Service agreement is in place, there are a few simple steps for the exchange facilitator to follow in order to offer in-house 1031 exchange services to their existing clients:

Qualify the client for a 1031 Exchange: Is the client interested in doing a 1031 exchange on their real estate transaction? Utilize a provided guide to confirm the client and their transaction qualify for a 1031 exchange.
Collect client information and documents: Through our cloud-based intake form, submit client info and documentation pertinent to the 1031 exchange. All information required is likely already on-hand due to the work your company is already completing on behalf of the client.>
Once all information is provided, the remaining 1031 exchange processes will be facilitated through Exchange Manager Pro^SM including document creation and execution, deadline reminders, wiring of funds, etc.

Through Managed Service, companies can facilitate 1031 exchanges for their clients and ultimately retain future business by keeping everything under one roof.

Benefits of Managed Service

While there are numerous benefits of implementing Managed Service, some of the more notable benefits that will directly impact your company’s bottom line include:

Retain 1031 Exchange Business: When your client requests a 1031 Exchange, instead of referring them to another company that services 1031 exchanges and potentially losing future business with that client, you will be able to facilitate the 1031 exchange in-house and preserve future business.
Offer 1031 Exchanges as a Disqualified Party: Per IRC §1031 you may be a disqualified party and unable to facilitate the 1031 exchange; however, through Managed Service you could still offer 1031 exchange services.
Drive Income Through NEW Revenue Share: With minimal effort and manpower on your end, you will drive income through a new, favorable revenue share while retaining your current clients – win, win!

Learn more about Managed Service.

Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

Anonymous — Thu, 26 Aug 2021 17:19:41 +0000

Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

Anonymous (not verified) Thu, 08/26/2021 - 17:19

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Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

SaaS Offering of Exchange Manager Pro^SM

In 2020 and 2021, we have seen an unprecedented surge of interest in, and execution of, 1031 exchanges in all areas of the country. Qualified Intermediaries (QIs) all over America are challenged to keep up with demand for 1031 exchange services well outpacing all previous transactional levels. With that in mind, the time is right for Accruit to offer our internally developed, patented, safe, simple, and secure software, Exchange Manager Pro^SM, previously available only to Accruit and select partners and clients, for white-label licensing to the QI industry as a whole.

The Benefits of Accruit's Exchange Manager Pro^SMSoftware

Administrative Efficiency: By simplifying process flow, reducing duplicate data entry, and pushing some data collection out to the taxpayer or their advisors where possible, Exchange Manager Pro^SM reduces time needed for administrative tasks during exchange processing by more than 50%, while reducing the opportunity for errors. Decrease the time spent on mundane clerical tasks so you can spend more focused time with your clients.
Simplify and Accelerate Document Creation: In the current real estate climate, closings often pop up with very little warning, and creating exchange documents becomes a sudden priority. Developed for scale and efficiencies, Exchange Manager Pro^SM reduces the time to create documents to just a few minutes, reducing the impact of such an interruption to an exchange specialist’s workflow while increasing client satisfaction.
System Notifications: Key communications such as deadline reminders, detailed next steps, and distribution of documents are all highly automated and configurable while opting in or opting out clients, advisors, referral sources, and other associated contacts as desired. Make sure all parties are aware of relevant milestones without having to maintain templates and set reminders.
Central Repository for all Exchange Documents and Other Data: Exchange Manager Pro^SM retains all exchange documents, system notifications, notes, and exchange data in one cloud-based location. Just a handful of clicks take you from exchanger details to exchange overview to exchange documents to fee information to sale or purchase details.

Leveraging Technology in a 1031 Exchange

Anonymous — Sat, 01 May 2021 17:26:03 +0000

Leveraging Technology in a 1031 Exchange

Anonymous (not verified) Sat, 05/01/2021 - 17:26

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Leveraging Technology in a 1031 Exchange

Executing a 1031 exchange properly can range from the simple to the complex depending on a variety of issues such as property type, property use, vesting and so on. To this day, however, the vast majority of Qualified Intermediaries processing 1031 tax deferred exchanges still rely on either a paper-based system or title software modified to attempt to fit the needs of a 1031 exchange workflow. Not only do these antiquated ways of processing exchanges open customers and companies to the risk of error and broken exchanges, but also reduces efficiencies and the overall customer experience.

Accruit, as a nationally recognized Qualified Intermediary and technology company, thinks of this differently. Building on its over 20-year history in 1031 exchange technology, Accruit developed and patented Exchange Manager Pro℠ (EMP) software initially as an internal 1031 exchange processing software to gain efficiencies, create internal controls, increase security and drive the customer experience higher.

Efficiencies: It is estimated that Exchange Manager Pro℠ from Accruit can increase the number of exchanges processed per person by 2-3x a paper-based system.
Internal Controls: Exchange Manager Pro℠ is built on a 1031 exchange rules-based system with wizards to help client service professionals process exchanges without constant oversight and feedback.
Security: The cloud-based software increases security through two-factor authentication, document retention and electronic signature capture.
Customer Experience: Users of Exchange Manager Pro℠ are capable of spending more time working with clients and less time with administrative tasks. The technology helped propel Accruit to the highest customer service score in the industry as measured by Net Promoter Scores (NPS).

Exchange Manager Pro℠ is now available externally to Title Companies, Qualified Intermediaries, Banks, Attorneys and others through Accruit’s Managed Service platform. 1031 Managed Services clients can take advantage of either the 1031 exchange automation or licensing EMP as a 1031 software application depending on their unique needs.

Software automation clients can take advantage of the increased efficiencies of Exchange Manager Pro℠ coupled with the depth of knowledge of Accruit. For example, a title company may wish to monetize their 1031 tax exchange volume, but do not want to invest in the resources and legal requirements to build their own Qualified Intermediary. Through EMP software automation, that title company can now upload necessary documents and information easily through the cloud and allow Accruit and Exchange Manager Pro℠ to process the exchange while they focus on the client and enjoy the added revenue of a new business line.

Software as a Service (SaaS) clients license the software and are able to leverage it to power their exchange operations. These customers tend to already be a Qualified Intermediary and are looking for the software to increase efficiencies, embed controls and security and increase the customer experience.

If you are interested in learning more about Exchange Manager Pro℠ or Accruit’s Managed Services platform contact us at info@accruit.com or (800) 237-1031 today!

Managed Services Powered by Exchange Manager Pro℠

Anonymous — Thu, 04 Mar 2021 20:23:14 +0000

Managed Services Powered by Exchange Manager Pro℠

Anonymous (not verified) Thu, 03/04/2021 - 20:23

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Managed Services Powered by Exchange Manager Pro℠

For those who advise on real estate transactions routinely, you likely have clients in need of 1031 like-kind exchange services. Whether they are looking for a qualified intermediary, or just some guidance on how an exchange is facilitated, your real estate advisory talents naturally align with an ancillary 1031 exchange offering.

But what are your choices? Your client trusts you to make sure they are well advised.

You can:

Refer YOUR CLIENT over to another real estate advisor (title company, attorney, bank, CPA) that can act as a qualified intermediary? Watch out – this outsourced value-added service has the potential of jeopardizing your client relationship.
Try to facilitate the exchange yourself. Become a qualified intermediary—as long as you are not a disqualified party. Make sure you are well versed in IRC§1031, recent private letter rulings, Rev-Procs, state guidelines, and additional insurance requirements.
Simply tell your client you can’t help them, which also strains your relationship and future referral opportunities.

What if none of these is the right solution? It is important to retain your client relationship, provide cross-selling opportunities, stay engaged during the real estate transaction and be compensated for your effort.

A back-office 1031 Managed Service option is a simple solution to this dilemma. Powered by Exchange Manager Pro℠, a patented technology developed by one of the country’s most experienced and largest qualified intermediaries, you can provide a full service 1031 experience and remain engaged with your client without the burden of maintaining a complex 1031 solution.

Some of the exclusive benefits offered by adding Exchange Manager Pro℠ include:

Document prep: exchange agreement, assignments, and designation notice
Your clients remain your clients
1031 technical support from Certified Exchange Specialists® and exchange attorneys
Document retention and retrieval
Electronic signature functionality
Branded communication between you and your client
Complete suite of reports, including banking and final exchange summary report

1031s are complex by nature. But for a dedicated service offering coupled with leading industry technology and supported by technical expertise, the transaction should be hassle-free.

Timely email notifications on exchange progress to the exchanger and Exchange Facilitator, including:

45-day identification and 180-day exchange period reminders
Assignment notifications and instructions for relinquished and replacement properties
Confirmation of funds credited and confirmation of funds received
Upcoming bank holidays
Executed exchange documents

The Managed Services solution gives you the opportunity to provide the level of services your clients have come to expect coupled with extensive support from respected, experienced professionals. Managed Services is a back-office technology solution with the flexibility to white-label the experience. Adding the Exchange Manager Pro℠ solution not only provides the technology workflow you need to track your clients’ 1031 exchanges, but also helps to ensure that your QI services strictly adhere to all IRC §1031 rules.

Simply being a qualified intermediary under the regulations is relatively easy. However, in an industry where form over substance is imperative, being intimately involved with the nuances comes with knowledge and experience to avoid a significant tax consequence. The Managed Services powered by Exchange Manager Pro℠ solution provides you with the tools to execute 1031 exchanges, combined with the expertise that goes with it. You’ll add a fully operational, fully dedicated 1031 department to your company and grow revenue while providing a service your clients can trust.

Ready to learn more? Get in touch with us today to discuss how to add a Managed Services offering to your company.

Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

Anonymous — Tue, 01 May 2018 14:39:01 +0000

Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

Anonymous (not verified) Tue, 05/01/2018 - 14:39

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Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

DENVER, CO – Accruit, a financial technology company specializing in escrow and 1031 exchange services, today announced the general availability of its fifth major release of its Exchange Manager application that makes tax-deferred exchanges of real estate safe, secure and simple for both clients and advisors. With this unique app, investors and advisors can more easily participate in 1031 exchange transactions that provide increased cash flow of up to 40 percent of asset sales.

The only app of its kind, Exchange Manager allows for smooth, efficient and secure management of 1031 exchanges with paperless processing, mobile access, deadline-tracking and automated exchange notifications. All documents are handled through the online system and can be signed electronically. In addition, Exchange Manager allows clients, advisors and tax attorneys to enter data directly into the app and quickly export exchange reports at tax time, as well as provides access to deposits, reports and documents at any stage of the process. Transaction data is protected by 256-bit encryption and is filtered through a web application firewall. Additionally, all transaction data is continuously backed up.

“For more than 15 years, Accruit has been the recognized leader in escrow and 1031 exchange solutions. In fact, in 2002, we transformed personal property exchanges with our patented exchange automation platform. Our new web-based and mobile-ready Exchange Manager sets a new standard in 1031 exchange solutions by streamlining the exchange process for single exchange clients in an industry that relies on manual exchange transactions,” said Karen Kemerling, president and COO, Accruit.

“Accruit has always been known as the leader in 1031 exchange technology, and Exchange Manager offers a huge leap in value to our clients,” said Martin Edwards, Accruit’s EVP and general counsel and a 35-year veteran of the 1031 exchange industry. “Deadline-tracking, management of replacement property identification, and the ease of reporting – any one of these alone would qualify Exchange Manager as a big step. Combined, they’re a game changer. We now spend a lot less time processing and more time adding value for our clients.”

About Accruit

Accruit, LLC is a financial technology company that facilitates all types of commercial and individual transactions as a trusted independent escrow agent and qualified intermediary. Accruit specializes in 1031 like-kind exchange services and escrow, including Digital Vault, an escrow solution for digital assets, and PaySAFE®, providing protection to buyers and sellers in online transactions. Learn more about PaySAFE®.

1031 Exchange Technology

1031 Exchange Services Can Grow and Add Revenue to Your Title Business

1031 Exchange Services Can Grow and Add Revenue to Your Title Business

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1031 Exchange Services Can Grow and Add Revenue to Your Title Business

1031 Exchange as a Tool to Accelerate Title Business

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Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

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Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance

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Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

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Case Study: Veteran Qualified Intermediary Shifts to Managed Service Tripling Revenue

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Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

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Invest in Your Business Infrastructure Today, Don’t Wait for Tomorrow

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Case Study: Title Company ABC Implements Managed Service

Case Study: Title Company ABC Implements Managed Service

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Case Study: Title Company ABC Implements Managed Service

The Facts

The Problem

The Solution: Managed Service by Exchange Manager ProSM

The Result

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Qualia FORES22 Debut of Exchange Manager Pro(SM)

Qualia FORES22 Debut of Exchange Manager Pro(SM)

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Qualia FORES22 Debut of Exchange Manager Pro(SM)

What is Managed Service?

How does Managed Service Work?

Benefits of Managed Service

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Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

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Accruit Launches SaaS Offering of Exchange Manager Pro℠ Software

SaaS Offering of Exchange Manager ProSM

The Benefits of Accruit's Exchange Manager ProSM Software

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Leveraging Technology in a 1031 Exchange

Leveraging Technology in a 1031 Exchange

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Leveraging Technology in a 1031 Exchange

BLOG UPDATES

Managed Services Powered by Exchange Manager Pro℠

Managed Services Powered by Exchange Manager Pro℠

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Managed Services Powered by Exchange Manager Pro℠

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Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

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Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

About Accruit

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The Solution: Managed Service by Exchange Manager Pro^SM

SaaS Offering of Exchange Manager Pro^SM

The Benefits of Accruit's Exchange Manager Pro^SMSoftware