RamQuest is closely monitoring the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN)'s new rule. FinCEN issued its final rule that requires certain people involved in real estate closings and settlements to report information to the agency about all-cash residential transactions nationwide involving legal entities and trusts. This ruling will go into effect starting December 1st, 2025.
For more information about FinCEN's ruling take a look at the following links:
“There’s so much to love about RamQuest’s solutions, including the robust search features in their production software and two-way integrations with key service providers and underwriters – all of which improve our operation’s efficiency. Plus, the software ensures communication between our various departments, which made RamQuest the right business decision for us."
Mary Pellegrini, Executive Vice President