There are a set of stakeholders that either are brokers paying for ancillary products themselves, or are borrowers that, in accordance with a lender’s operational rules – must have application or appraisal fees collected, who require fund collection as opposed to monthly invoicing of a bill-to-party.
KeyStone’s payment solutions allow for both, synchronous and asynchronous approaches – all with full reporting and comprehensive dispute management services.
KeyStone looks for flood determination providers that are reliably accurate and priced competitively.
While the reseller owns the direct vendor relationship with the flood determination provider, KeyStone provides a good selection of options and facilitates the contracting necessary to access the services of major flood providers to achieve a low cost service to track orders and fulfillments, including provider scorecards, consolidated reporting and invoice reconciliation for the lender.