CheckAlt

CheckAlt provides integrated receivables and payment processing solutions that help lenders simplify how inbound payments are received, processed, and reconciled across paper and digital channels.

For lenders that continue to receive paper checks or checks generated through online banking bill pay, CheckAlt helps replace manual workflows with more automated, efficient processes. Solutions include traditional lockbox, electronic lockbox, and Remote lockbox, available in one connected experience integrated with the LoanPro platform. This approach improves visibility, strengthens control, and simplifies payment management.

Common use cases include:

Traditional Lockbox: Outsource mailed paper check processing at a secure facility, reducing in-house handling while supporting efficient payment processing and posting.

Electronic Lockbox: Keep eligible online banking bill pay payments electronic from borrower to lender, reducing the paper checks that can result when a lender isn’t enrolled in the biller network.

Remote Lockbox: Capture and deposit check payments in-office via a desktop scanner, without making a trip to the bank.Shape

By connecting payment processing with the systems lenders already use, CheckAlt helps reduce manual work, accelerate payment posting, improve visibility, and simplify back-office operations.