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.
While the borrower and lender owns the direct broker relationship with insurance providers, KeyStone works to operate and with providers that specialize in rapidly researching reputable insurance carriers and their costs for the requested coverage within a given state.
Ultimately, this allows the customer the crucial opportunity to make an informed decision.