Reduce Costs, Save Time, Improve Relations with Accounting Automation

Accounting inefficiencies — particularly in tracking, collecting, reconciling and distributing appraisal fees — cost some lenders tens of thousands of dollars annually. This money could be going straight to your bottom line. Now there’s a comprehensive Accounting Automation solution to help you reduce the costs associated with invoice processing and accounts payable overhead while also simplifying your tax record management processes.

Here’s how Accounting Automation simplifies and automates today’s manual and timely processes

Borrower payment automation

1

Automated email to borrower requests payment

2

Borrower pays via credit card

3

Receipt automatically sent to borrower
Appraisal complete

Appraiser/AMC payment automation

4

Payment ready for collection

5

Payment collected from your account

6

Payment complete

Automate appraisal payment processing

  • Reduce both the total revenue lost on appraisal accounting inaccuracies and the complexity of appraisal payments
  • Eliminate manual accuracy checks and balances between appraisers and vendors
  • Create a paperless digital invoicing and vendor payment method
  • Gain efficiency and minimize errors
  • Manage risk and grow your business faster and with more ease
  • Limit the risk faced by clients and borrowers (meets PCI DSS standards)
  • Implement simplicity with intuitive user interface

Work faster and smarter

  • Simplify account reconciliations
  • Manage tax record management processes more effectively
  • Performs a detailed analysis of payments
  • Removes need to double-check if payments were received and posted
  • Delivers timely, accurate information
  • Enhance the way appraisal companies work