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
Explore More About Accounting Automation
Product Presentation
HousingWire Launchpad
Demo
HousingWire Mortgage Tech Virtual Demo Day
Article
CoreLogic’s Accounting Automation suite can quickly help lenders streamline appraisal payment processing