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Lockbox and Remittance
Processing Services

AFTS Remittance Processing Services provides you the ability to directly receive payments and if you'd like you can apply them right to your payor's account. The checks can then be deposited right to your bank.

● Input can be from your own demand payment system, or from a demand payment mailing sent out by our own Mailing Preparation Services. Mail is retrieved from your PO box as often as three times a day.
● Our "lockbox" is equipped to handle barcoded payment stubs, in addition to OCR. Barcodes provide increased readability, even on damaged documents, increased reliability and more efficient workflow. In the end, this adds up to saving you money! Our Laser Printing Services are well equipped to produce barcoded payment stubs for your application.
● We process match items, mismatch items (when the check doesn't equal the amount on the stub or coupon), and multiples (when one check pays for many accounts, or one account is payed with many checks).
● We can maintain a copy of your invoice data for looking up customer numbers or invoice numbers (whatever you post to) in case your payors send a payment without a stub or coupon.
● Exception items can be photocopied, returned to you, or whatever you desire.
● Check images can be captured for your immediate review on the web or returned to you.
● Check amounts are keyed twice at different times for accuracy.
● Checks are dollar amount encoded by computer control, ensuring accuracy and obtaining the best possible discount on your depository fees.
● Checks are deposited as often as you wish, usually once or twice a day.
● Full reporting and electronic posting of payment data to your system is provided.
● The Remittance Processing Service is also used to process payments for our own Contract Collections Service.

Contact us for pricing, or more information.

AFTS is Registered with Nationwide Mortgage Licensing System & Registry

NMLS ID #337842