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RC_LA_CM_200.3 Electronic Payments
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011119-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

One of the most widely automated activities in mortgage payment processing is electronic payment drafting, in which a mortgagor allows a servicer to draft his or her monthly payment from a checking/savings account. The use of automated payment drafting provides advantages for borrowers and servicers alike.

In Electronic Payments, we investigate the use and benefits of electronic payment processing in mortgage servicing, and the relevant regulations and standards that impact servicers that use automated payment solutions. This module begins with an overview of electronic payments processing. Next is review how payment drafting works and discusses its benefits for borrower and servicers. Finally, the module focuses on the critical issue of regulating and securing the ACH system.

Topics:

  • How Payment Drafting Works
  • Benefits for Borrowers
  • Benefits for Servicers
  • Regulating and Securing the ACH System

    Seat time approximately one (1) hour.

    Copyright 2016.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011119-WC-W 
     
    Title:
    RC_LA_CM_200.3 Electronic Payments 
     
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