LoanPAY
LoanPAY is a comprehensive payments solution that ensures your borrowers and customer service representatives have the information they need in a format that facilitates better customer service and faster loan payments. From 24/7 Web-based services that consolidate multiple loans into a single view, to the ability for your customer service representatives to set up payment schedules over the telephone on behalf of delinquent borrowers, LoanPAY is your comprehensive loan payments solution.
Key Benefits:
- Reduce billing, mailing, and postage costs associated with paper invoices
- Reduce costs associated with bank and lockbox fees
- Reduce transaction processing and payment reconciliation time
- Eliminate credit card processing fees
- Reduce defaults and collection actions with event-triggered e-mails
- Update your loan servicing system in a real-time or batch environment
