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Payment Processing

General. This article gives information on how payments are processed through credit/debit cards , ACH/EFT , and NACHA files. The article will make reference to the diagram to give a clearer picture…

Updated 2 seconds ago by Sloan

Payment Waterfall Application

General. Payment Waterfall Application refers to the order in which a payment applies to the various components of a loan. The most typical payment waterfall application is Fees, Interest, Principal.…

Updated 3 days ago by Andy

Add a New Payment Method

General. This article will go over how to customize the list of payment methods available for your company. How To. The list of payment methods for your company can be found by navigating to Settings…

Updated 3 days ago by Cole

Create New Payment Type

General. Payment types in LoanPro allow you to choose the order in which payments should apply to the different loan parts (interest, principal, standard fees, payoff fees, discount, escrow, individu…

Updated 3 days ago by Sloan

Add a Customer Payment Profile

Payment Profiles (e.g. credit/debit cards, bank accounts) can be added directly to the customer. This ensures that the payment profile will be available regardless of the loan the customer is linked to.

Updated 3 days ago by Cole

SpeedChex (ACHQ)

General. SpeedChex (also known as ACHQ) is an eCheck processor that Secure Payments (formerly PCI Wallet) is integrated with. LoanPro integrates with Secure Payments, which in turn is integrated with…

Updated 1 week ago by Sloan

Edit or Reverse Payments

General. At LoanPro, we strive to keep an audit trail inside our software so you can always have as much information as possible including the who, what, and when of your loan changes. This being the…

Updated 1 week ago by Sloan

Merchant Services

General. In order to process credit and debit card payments, a merchant (any company that accepts credit cards) will need a merchant services provider. But what is a merchant services provider, and h…

Updated 1 week ago by Sloan

Payment Receipt

General. After you log a payment in LoanPro you will have the option to print a receipt for that payment. This article will cover how to customize the payment receipt for your company. How To. To cus…

Updated 1 week ago by Sloan

Automatic Payment Reversal

General. LoanPro and Secure Payments (formerly PCI Wallet) can automatically reverse payments that are not successful. This function is relevant to ACH/EFT/eCheck payments, NACHA returns (requires an…

Updated 1 week ago by Cole

Payment Integrations

General. It’s very convenient to be able to take payments directly from your loan software. It’s even more convenient to have your loan software automatically pull payments from your customers’ credi…

Updated 1 week ago by Darrin Wray

Payment Information

General. The payment information section of the payment wizard is for the information specific to the payment you are logging. The information you enter here will determine when and how the payment w…

Updated 1 week ago by Sloan

Log a Payment

General. Logging payments is one of the most frequent and important tasks you will do inside of LoanPro. By and large, most of your payments will apply in similar ways and the process may seem quite…

Updated 1 week ago by Sloan

Payments

General. One of the most important parts of lending is accepting payments. Many of the features inside LoanPro are based around this concept. The purpose of this article is to give an overview of pay…

Updated 1 week ago by Sloan

Suspending Payments

General. Suspending payments is a way to hide forecasted payments – basic predictions of how payments will be applied in the transactions report. When payments are suspended, forecasted payments are…

Updated 2 weeks ago by Sloan

PayNearMe

General. PayNearMe is a service that lets your customers make cash payments to you at thousands of locations nationwide including all 7-Eleven locations. This service is important because often peopl…

Updated 2 weeks ago by Sloan

TabaPay Payment Processor

General. LoanPro is integrated with TabaPay, a credit card processor. TabaPay's competitive advantage over other credit-card processors is that they can often process credit transactions through debi…

Updated 4 weeks ago by Sloan

VersaPay

General. VersaPay is an EFT payment processor that is integrated with Secure Payments (formerly PCI Wallet). This company only processes payments for Canadian bank accounts. In order to use VersaPay…

Updated 4 weeks ago by Sloan

Actum Processor

General. Secure Payments is integrated with Actum Processing which allows customers to process Bank Account/ACH payments. Once you have an account with Actum, you can create an Actum processor inside…

Updated 4 weeks ago by Cole

Routing Number Verification

General. When a new bank account payment profile is entered into LoanPro, a check is run to make sure that the routing number entered is valid. This is a 2-step process. The first verification step l…

Updated 1 month ago by Cole

Repay Integration

General. Secure Payments (formerly PCI Wallet) is integrated with REPAY Payment Solutions, which will let customers process ACH payments and credit/debit card payments. Once you have an account with…

Updated 1 month ago by Andy

Extra Towards Options

General. When making a payment in LoanPro, you have different options when it comes to "extra" payment amount. For example, if a borrower's payment comes due for the amount of $300.00 and the borrowe…

Updated 1 month ago by Cole

Custom Payment Application

General. 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 piece…

Updated 3 months ago by Sloan

LoanPro TabaPay Integration

General. Tabapay is a payment processor integrated with LoanPro. Tabapay has the ability to process credit and debit payments. How To. To create a Tabapay processor inside of LoanPro, navigate to Set…

Updated 3 months ago by Sloan

Split a Payment

General. 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. How to. If your loan is linked to al…

Updated 4 months ago by Sloan

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