ACH Payments – Electronic Funds Transfers
ACH Payments – Electronic Funds Payments and Direct Deposits Add-On Module to i-Servicing, i-Trust and i-Pools. ACH Payments, as an Add-On module facilitates electronic payments received from borrowers and the direct deposits into the lenders and accounts payable accounts. ACH Payments Add-On offers a seamless integration with i-Servicing, i-Trust or i-Pools modules. ACH Payments Add-On Module is available for all Editions of i-Servicing.
Features and Benefits
- NACHA compliant format
- Easy file creation
- Easy upload to own bank’s website for processing transactions
- Built-in microdeposit for initial account testing
- Automatic posting to loan history for borrower payments received
- Automatic posting to investor/lender history
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