Default Log Bank Account Payment Process
A major function of LoanPro software is to make common company processes as streamlined and effective as possible, to save users on time and manpower. This article will cover how this is generally accomplished with the Log Bank Account Payment process.
Starting the Process
The Default Log Bank Account Payment Process is used to process an e-check payment made on a loan account.
Enter the specific loan account where the payment is to be processed and navigate to the 'Wizards' tab. Select the 'Category' drop-down and click 'Payment Processing'.
The account must be in an 'Open' status in order to access the wizard. Click and on the 'Log Bank Account Payment' wizard to begin the process.
Follow the instructions provided to process an e-check payment. Note: If the company has a live PCI-Wallet account and the borrower's account information is correct, actual funds will be processed. Once the payment has been saved, click Next to continue the process.
Choose an appropriate Action & Result, then document a note with any additional necessary information regarding the processed payment. Save the information and click Next to complete the wizard and the process.