Mortgage Remittance Check Processing
Insurers receive thousands of paper checks each day from mortgage companies to pay for their customers’ homeowners insurance policies. Checks must be scanned, validated for errors, verified against policy information, routed for exceptions, and moved to Accounts Receivable teams.
WorkFusion can review scanned checks, validate for issues or concerns, review accounts and addresses for potential mismatches, and push information into a payment-processing system. It can even flag and route exceptions for additional investigation. Automation in this area can help companies scale up during volume spikes and reduce overall manual handling time by 60%.
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