COMPLIANT ESCROW SERVICES
DESIGNED FOR LOAN DOCUMENT PREPARATION, DEBT CONSOLIDATION AND SETTLEMENT SERVICE PROVIDERS
Our complete escrow services not only protect your funds but also ensure your adherence to Consumer Financial Protection Bureau (CFPB) regulations , NACHA Rules, and the Fair Debt Protections Act.
Compliance Validation
Escrow
Services
Payment Collection
Funds Disbursement
Software Integration
COMPLIANT PAYMENT PROCESSING
Specializing in comprehensive escrow services across all industries, including high-risk sectors, we ensure seamless fund management, and strict adherence to consumer debt protection regulations.
Debt Settlement & Debt Consolidation: After you complete the debt restructuring for your customers, we handle the associated fees by collecting and distributing the new monthly charges independently of the loan.
Loan Documentation & Preparation: We directly collect document preparation fees and securely hold these payments in escrow until your services are completed, ensuring both party's financial stability.
What we do and how we do it
1. WE COLLECT PAYMENTS
2. WE HANDLE TRUST ACCOUNTS
3. YOU RECEIVE YOUR FUNDS
We collect payments directly from your clients bank account and send them to you.
We hold your funds in our third-party trust account until your work is finished, helping you remain compliant in every transaction.
We collect payments directly from your clients bank account and send them to you.
Low-Cost Processing: Cost-effective payment solutions with a minimal fee per transaction.
Secure Funds Collection: Payment security through verified bank accounts.
Comprehensive Reporting: We provide comprehensive statement of funds collected, amount disbursed to your company, servicing fees & escrow deposits.
Quick Underwriting: Efficient data collection for minimized entry delays.
24/7 Real-Time Online Access: Secure web portal for instant access to payment & disbursement records.
Payment Date Reminders: We email your clients and verify bank account information before processing the payment at the bank, which saves you thousands on return payments.
We Integrate Seamlessly with Financial Customer Relationship Management (CRM) Software
Payment Automation Network integrates with the following CRM software vendors, so you can take your software solution to new levels of functionality while keeping your business compliant with the FTC, CFPB & the DOE.
Our comprehensive escrow services not only protect your funds but also guarantee compliance with regulations, including those established by the Consumer Financial Protection Bureau (CFPB), NACHA Rules, and the Fair Debt Protections Act and others including:
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FTC Debt Relief Services & Telemarketing Sales Rule
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Federal Dept of Consumer Protection Laws
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Consumer Debt Protection Regulations
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Electronic Fund Transfer Act (EFTA)
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Fair Debt Protections Act
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NACHA rules & PCI DSS