LenderLogix has partnered with CardConnect to provide mortgage lenders with a fully integrated upfront fee collection solution. This new partnership brings simple, secure, and affordable processing to your mortgage origination process and ensures a best-in-class payment experience for your borrowers.
By integrating CardConnect’s innovative payment technology with LenderLogix Fee Chaser, mortgage lenders can now collect all upfront fees and easily reconcile payments with loan files in their Loan Origination System all with a single button click.
Now you can securely accept credit card payments from your Loan Origination platform. No need for your team to learn a new system or manually reconcile credit card payments with loan files. The powerful API integration between Fee Chaser and CardConnect means your payments will automatically update your Loan Origination system making this the perfect solution to streamline the way you collect the mortgage origination fees paid outside of closing.
Protect your business and customers with CardConnect’s payment security technology. Powerful features like point-to-point encryption (P2PE) and tokenization secure sensitive cardholder data. Better yet, these features will allow you to reduce the time and costs associated with maintaining PCI compliance.
CardConnect's powerful CardPointe platform serves as a one-stop shop for managing your credit card transactions, drilling into transaction details, performing actions like voids and refunds, and pulling real-time reports. Fee Chaser even uses the CardConnect API to populate information like loan number so you can search on the fields you care about, not just a transaction ID.
An interchange rate is the base fee that credit card companies charge per transaction. CardConnect aggressively manages interchange rates and have built their technology to automatically include Level 2 and Level 3 data with a transaction, all so that Fee Chaser customers qualify for the lowest rate possible every time.
LenderLogix is excited to offer unparalleled fee collection technology through our partnership with CardConnect. Whether you are a non-depository independent mortgage bank, bank, credit union, or mortgage broker Fee Chaser will help you offer industry leading upfront fee collection capabilities.
To get started feel free to Contact Us now to schedule a demo or see how Fee Chaser works now. Most customers are up and running within a matter of weeks!