After completing 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 security.
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. You also gain access to refund support by choosing Unity FI Solutions for your payment processing needs.
Cost-effective payment solutions with a minimal fee per transaction.
Secure Funds Collection:
Payment security through verified bank accounts.
Efficient data collection for minimized entry delays.
Proactive Payment Reminders:
Client payment date reminders to avert return charges.
24/7 Real-Time Online Access:
Secure web portal for instant access to payment and disbursement records.
What We Do & How We Do It
1. We Collect Payments
We collect payments directly from your clients bank account and send them to you.
2. We Handle Trust Accounts
We can help keep you compliant by holding your funds in trust until your work is completed.
We provide you with comprehensive statement of funds collected, amount disbursed to your company, servicing fees & escrow deposits.
24/7 Account Monitoring
24/7 secure access to Payment disbursement statements, payment histories, delinquent reports and projected cash flow reports.
Payment Date Reminders
We email your clients payment date reminders and verify bank account information before processing the payment at the bank, which saves you thousands on return payments.
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.
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We help you stay compliant with consumer debt protection regulations & others including:
Federal Dept. of Consumer Protection Laws (FDCPL)
Consumer Debt Protection Regulations
Electronic Fund Transfer Act (EFTA)
Fair Debt Collection Practices Act (FDCPA)
NACHA Operating Rules
Payment Card Industry Data Security Standard (PCI DSS