Pay Policies Quickly with Fund-Exclusive Integration
E-Closing DT is getting better and better! Save time, streamline your post-closing process with Policy Payment, the latest Fund-exclusive integration that lets you upload policies to The Fund, provide an invoice for remittance of the policy(s) and endorsements submitted and pay policy premium invoices to The Fund electronically.
The following will show the workflow and process in E-Closing DT to successfully make an invoice payment using Policy Payment!
Prerequisites
The financial institution being used for payment of Policy Invoice(s) will need to be setup in Escrow Management in order to be used for Remittance.
- Escrow Management
- Bank Setup *At least one bank will need to be setup for Remittance to use Policy Payment
- Account Purpose - If creating a new bank or modifying an existing one the Remittance checkbox will need to be enabled to use for Policy Payment
- Must have a valid Account Number
- Must have a valid Routing Number
Please Note: Users must have Full rights in User Security Setup for Escrow to add or edit Bank Setup
Single File Payment - Title Policy Information
The following steps outline the workflow and preparation of data for a successful single file payment of invoice(s) to The Fund.
- Pay Invoices Button will be visible once policy(s) have been submitted
- Select a Bank Account. If multiple 'Remittance' accounts, they will all show in the drop down for selection
- Select all Invoice(s) to be paid
- Click on the Submit Payment button to complete payment
- Once submitted an Informational Message will show 'Successfully processed invoice payment'
Multiple File Payment - Whiteboard
The following steps outline the workflow and preparation of data for a successful multiple file payment of invoice(s) to The Fund.
- Click on the 'Industry Partners' icon from the Whiteboard
- Under The Fund, choose 'Click Here to open…' for the Invoice Payment section
- Payment Status - by default, the latest 'Unpaid' Invoices will show. You can choose 'All', 'Unpaid' or 'Paid' categories from the drop-down
- The Invoice Date and Closing Date can be used to filter the selection of invoices
- After selecting the checkboxes next to the invoices to pay, click on the 'Pay Invoices' button.
- In the Pay Invoices screen, select the Bank Account.
- The cumulative total of the invoice(s) selected will show in the Total Payment Amount.
- Click the 'Submit Payment' button to make a payment to The Fund
- Once submitted an Informational Message will show 'Successfully processed invoice payment'
