Disbursement Hub

Reference Section · Orange hub

Demo exchanger: Matt Belcher (synthetic) Sale: 456 Sunset Blvd, Los Angeles CA · $850,000 Replacement: 789 Ocean Ave, Santa Monica CA

No IRS countdown applies to disbursement — the hub uses .hub-status-pill in place of .hub-deadline. The QI multi-party approval banner appears prominently throughout and blocks wire release until QI counter-approval is received. Vectr workflows: escrow-wire-release (NEEDS-APPROVAL) and escrow-wire-routing (RUNNING) are attributed on every state.

State G Loading — skeleton + ping while hub data loads from Supabase

State A Tab 1: Enter Wire Details — empty state, Neela auto-fill available

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Exchange complete — disbursement pending · No IRS deadline applies to this step escrow-wire-routing · running

Completion 0%

Wire Funds Out Step 1 of 3

Neela can read your wire instructions · AI Assistant

Drop your wire instruction document below and I'll extract the bank name, routing number, account number, and beneficiary name automatically. You review and confirm — nothing moves until you sign the Disbursement Authorization and QI approves.

Neela guides and drafts. She never moves, holds, or releases your funds — that takes multi-party approval.

Requires QI multi-party approval before funds move

escrow-wire-release · needs-approval

Your QI is the Qualified Intermediary of record. To keep your exchange free of constructive receipt, no funds can be released without approval by two authorized officers at your QI, proposer distinct from approver. Your submission triggers a QI review — typically within one business day.

Exchange summary — seeded from your completed hubs

Exchanger Matt Belcher from ID Hub

Sale proceeds $850,000 from Sales Hub

Replacement property 789 Ocean Ave, Santa Monica CA from ID Hub

Amount to wire $850,000 from Escrow Hub

Wire Instructions

Step 1 of 3

Upload a wire instruction letter from the receiving escrow company and Neela will fill in the fields below. Or enter the details manually.

Or enter wire details manually

Receiving bank name

ABA routing number

Account number

Beneficiary name (on account)

Wire memo / FFC reference (optional)

Wire amount — set by QI from your exchange balance

$850,000.00 (not editable — contact your QI to adjust)

I confirm these wire instructions are correct and belong to the replacement escrow account.

Complete all required fields above to enable this confirmation.

State B Tab 1: Enter Wire Details — Neela auto-filled from uploaded letter

After upload, Neela extracts all fields and shows a review card (emerald). Exchanger reviews before confirming.

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Exchange complete — disbursement pending · No IRS deadline applies escrow-wire-routing · running

Completion 30%

Wire Funds Out Step 1 of 3

Requires QI multi-party approval before funds move

escrow-wire-release · needs-approval

Your submission triggers a QI review. Two authorized officers at your QI, proposer distinct from approver, approve before the wire is released. Typically within one business day.

Neela extracted wire details from your document

Review the fields below — edit any that look incorrect before confirming.

Neela guides and drafts. She never moves, holds, or releases your funds — that takes multi-party approval.

Wire instructions — review before confirming

Receiving bank name

ABA routing number

Account number

Beneficiary name (on account)

Wire memo / FFC reference

Wire amount — set by QI from your exchange balance

$850,000.00 (not editable)

I confirm these wire instructions are correct and belong to the replacement escrow account.

State C Tab 2: Verify Payee — CertifID verification pending

CertifID confirms the bank account belongs to the named escrow company before any dollar leaves the exchange account. Mandatory gate.

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Exchange complete — disbursement pending · No IRS deadline applies escrow-wire-routing · running

Completion 55%

Wire Funds Out Step 2 of 3

Payee verification protects you from wire fraud

Wire fraud costs real estate buyers over $400 million per year. CertifID confirms that the bank account you entered actually belongs to the escrow company named — before a single dollar leaves your exchange account. This step is mandatory and takes less than two minutes.

Wire details entered in Step 1 — being verified

Bank Pacific Escrow & Title Bank

ABA routing 122242843

Account ••••• 7741

Beneficiary Ocean Ave Escrow LLC

Payee Verification via CertifID

Required

CertifID contacts the escrow company directly and confirms their bank details independently — the whole process takes 1–2 minutes.

Verification status

Awaiting verification

Click the button above to begin. You must complete CertifID before proceeding to e-sign.

Pending

I confirm the payee bank account has been independently verified by CertifID.

Complete the CertifID verification above to enable this confirmation.

State D Tab 2: Verify Payee — CertifID PASSED, toggle enabled

State E Tab 3: Authorize & Release — Disbursement Authorization e-sign + QI gate

The exchanger e-signs the Disbursement Authorization. The wire itself is blocked behind QI counter-approval — the final lock before money moves.

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Exchange complete — disbursement pending · No IRS deadline applies escrow-wire-release · needs-approval

Completion 90%

Wire Funds Out Step 3 of 3

Requires QI multi-party approval before funds move

escrow-wire-release · needs-approval

After you e-sign and submit, your QI will review and countersign the Disbursement Authorization. Under IRS §1031 qualified escrow rules, no funds can leave your exchange account without a second authorized QI signature. This protects you from constructive receipt — a tax disqualification risk.

Neela guides and drafts. She never moves, holds, or releases your funds — that takes multi-party approval.

Typical QI turnaround: 1 business day · Email confirmation when approved

Wire summary — review before signing

Exchanger Matt Belcher

Relinquished property 456 Sunset Blvd, Los Angeles CA

Replacement property 789 Ocean Ave, Santa Monica CA

Wire amount $850,000.00

Receiving bank Pacific Escrow & Title Bank

Beneficiary Ocean Ave Escrow LLC

Wire details confirmed by Neela

Payee verified by CertifID

QI countersignature pending

Disbursement Authorization

This document authorizes your QI, as the Qualified Intermediary of record, to wire $850,000 to Ocean Ave Escrow LLC for the purchase of 789 Ocean Ave, Santa Monica CA. Your signature certifies the wire details are correct and that you understand funds will only be released upon QI counter-approval.

Matt Belcher · Exchange #EX-2026-0044 · Jun 6, 2026

QI approval status

Awaiting QI countersignature

Open1031 will review your submission and countersign the Disbursement Authorization. Funds wired only after QI approval — typically 1 business day.

Assigned QI Open1031 Ops

I confirm the wire details, payee verification, and Disbursement Authorization are complete and accurate.

E-sign the Disbursement Authorization above to enable this confirmation.

State F Submitted — hub locked, awaiting QI countersignature

Hub locked read-only after exchanger submits. QI gate clearly displayed. Wire has NOT moved yet.

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Submitted — QI countersignature in progress · Wire releases after QI approval · typically 1 business day escrow-wire-release · needs-approval

Completion 95%

Wire Funds Out Submitted · Awaiting QI

Disbursement Authorization submitted

You've e-signed the Disbursement Authorization for $850,000 to Ocean Ave Escrow LLC. Open1031 has been notified and will countersign within 1 business day. You'll receive email confirmation when the wire is approved and released.

Submitted Jun 6, 2026 at 2:31 PM · Exchange #EX-2026-0044

Wire is pending QI countersignature — no funds have moved yet

escrow-wire-release · needs-approval

Open1031 will review and countersign. The $850,000 wire to Pacific Escrow & Title Bank will be initiated only after QI approval.

Neela guides and drafts. She never moves, holds, or releases your funds — that takes multi-party approval.

What happens next

QI review and countersignature

Open1031 ops team reviews your Disbursement Authorization and wire details. Typical turnaround: 1 business day.

Wire released to escrow

$850,000 wired to Pacific Escrow & Title Bank · Ocean Ave Escrow LLC. Federal wire — same business day if approved before 2:00 PM PT.

Exchange complete

You'll receive a wire confirmation with IMAD/OMAD trace number and a final exchange summary from Open1031.

State H Error — OFAC SDN screening blocked recipient · hub cannot proceed

The ofac-sdn-screening workflow flagged the beneficiary entity. The exchanger sees a blocked state. Only QI can clear the hold.

Disbursement Hub

Wire exchange proceeds to your replacement property escrow.

Blocked — OFAC screening returned a potential match · QI review required before proceeding ofac-sdn-screening · blocked

Completion Blocked

Wire Funds Out Action required

OFAC SDN screening returned a potential match

ofac-sdn-screening · review required

The OFAC screening workflow flagged a potential match on the beneficiary entity "Ocean Ave Escrow LLC" against the SDN list. This is sometimes a false positive due to name similarity. Your QI (Open1031) must review and manually clear the hold before the disbursement can proceed.

Flagged Jun 6, 2026 at 2:21 PM · OFAC ref #OFAC-20260606-0092 · QI notified

OFAC Hold Active QI Review Pending No funds will move until this hold is cleared by QI

What happens next

QI reviews the OFAC flag

Open1031 compliance team reviews the screening result and determines if this is a false positive. Typical review: 1–2 business days.

Hold cleared or beneficiary change required

If a false positive: QI clears the hold and you can proceed. If a true match: you must provide updated payee information and restart Verify Payee.

Disbursement continues

Once cleared, you may e-sign the Disbursement Authorization and submit for QI approval.

Questions? Contact your QI directly

Open1031 compliance team · compliance@open1031.ai · Ref: EX-2026-0044

Open1031 Disbursement Hub Reference Section · Hub Design Language v2 · Synthetic demo data only · No NPI