This article will serve as an introduction to the topic of how we define payments and how LoanPro handles them.
Payments – Intermediate
Complexity:. Audience: Loan Servicer or Collector, Upper Management, Developers, Loan Servicing/Collections Managers Introduction. As borrowers make payments on their loans, it is essential that the…
Payment Processors 101
This is a brief overview on what payment processors are and which ones are available in LMS; here, we'll explain the payment process and how processing companies play a role in making transactions.
Payment Processors – Next Steps
This is our intermediate-level article for the topic of payment processors. Here, we explain how to set up and use them, as well as detail the differences between each one.
Complexity:. Audience: Loan Servicer or Collector, Management Team, Developers, Accounting, Loan Servicing/Collections Managers, Administrator, Compliance, Data Introduction. Lenders have a few optio…
LoanPaymentPro Pre-Transaction Verification – Advanced
Introduction. If you have read Payment Processors Intermediate and understand the loan payment process, and you are interested in learning more advanced concepts and features, this is the place for y…
Introduction. After you log a payment in LoanPro you will have the option to print a receipt. These receipts are customizable, and can include system variables that will merge in customer and loan da…
TabaPay Payment Processor
New Feature: A recent update to our integration added Sandbox mode to TabaPay processors. In Secure Payments, you can create a processor (or edit an existing one) with Sandbox mode turned on. When a…
Introduction. As a lender you'll have to keep detailed records of any loan activity. LoanPro allows you to see all of the payments on a loan with the payment history feature. On this page you can als…
Extra Towards Options
Introduction. Sometimes, borrowers might pay more than their payment amount. For example, if a borrower's payment comes due for the amount of $300.00 and the borrower makes a payment of $350.00, they…
Secure Payments is integrated with Repay Payment Solutions, which will let customers process both bank card and ACH payments. This article will explain how to set up the Repay Payment Processor in LMS and Secure Payments.
Split a Payment
Introduction. When logging a payment , you may elect to split the payment between related loans. The related loans must be properly linked to enable payment splitting. If you're not familiar with how…
SpeedChex (also known as ACHQ) is an eCheck processor that Secure Payments is integrated with. LoanPro integrates with Secure Payments, which in turn is integrated with eCheck processors, credit/debit card processors, and EFT processors.
Automatic Payment Reversal
LoanPro and Secure Payments can automatically reverse payments that are not successful. This function is relevant to ACH/EFT/eCheck payments, NACHA returns (requires an import), and credit card chargebacks.
Complexity:. Audience: Loan Servicer or Collector, Developers, Loan Servicing/Collections Managers Introduction. The payment information section of the payment wizard is for the information specific…
LoanPaymentPro's Pre-Transaction Verification
This article explains LoanPaymentPro's pre-transaction verification.
Payment Type and Waterfall Application
This article explains how to create your own payment application types.
VersaPay is an EFT payment processor that is integrated with Secure Payments. This company only processes payments for Canadian bank accounts. In order to use VersaPay to process payments, you will need an account with VersaPay.
In this article, we break down merchant services providers and provide suggestions based on your lending structure.
This article provides information on how payments are processed through credit/debit cards, ACH/EFT, and NACHA files. Here, we provide a diagram detailing payment processing.
Custom Payment Application
While you can choose the way the waterfall application on a payment will work by creating a payment type, sometimes you want to enter specific amounts that will apply to the different pieces of a payment. This can be done through a custom payment application.
In this article, we'll explain how to set a new LoanPaymentPro processor up in LoanPro's Loan Management System (LMS).