Here s how it works A borrower has an account appearing on their credit report that must be paid prior to closing. Instead of taking the time required to obtain a money order or certified check and pay overnight fees to send the payment with the hopes the creditor will verify the account is paid, the consumer or mortgage lender pays the account in minutes using CTI NetPay. Credit Technologies issues payment electronically to the creditor, within a few hours the payment has been sent and the lender has received an updated copy of the credit report showing the paid off account. CTI NetPay makes paying off creditors fast and easy. You can also mail, or pay in person using money orders, cashiers checks or cash.
Verifications occur in minutes, and the modest transaction fee includes updating the credit report.
A separate request form must be submitted for each creditor being paid. For more information on how Credit Technologies CTI NetPay can help you and your borrowers, call us toll-free at 800.445.4922 Option 4. Inc . .