Bank Reconciliation System

The Bank Reconciliation System (BAR) is designed to reduce the time required to balance your bank statements, whether monthly, weekly, or daily. Checks printed when posting payments and disbursing from reserves or trusts automatically transfer during the UPF process. All other bank entries are entered in the Register in BAR.

BAR streamlines the reconciliation of bank statements. Once checks and bank entries have been cleared, outstanding items are easily identified in the available reports. These reports can be sorted by date, check number, transaction type, and cleared or outstanding items.

Once the bank statement has been balanced, it will be removed. However, the information remains accessible in the prior statements tab of BAR for easy recall.

Key Benefits & Features:

• Daily Processing
• Printable Reports (including outstanding items)
• Checkbook Balancing
• Memos

Ideal Candidates:

• Institutions or servicers who work with many contracts

Email Receipts

Our email service provides buyer/seller statements via email, ensuring fast delivery as well as reducing postage costs.

Key Features:

• Easy tracking
• Less time-consuming
• Cost-effective

Likely Candidates:

• All Institutions or servicers

ACH Interface

Our ACH Interface integrates with other computer systems, allowing monetary disbursements and loan payments between buyers, sellers, and banks via the National Automated Clearing House (ACH) system.

Key Features:

• Generates export files for accounts coded for ACH disbursements or payments
• Reduces late fees, bounced check, and replacing lost checks
• Batch multiple ACH debit transactions at once
• Provides audit summaries

Likely Candidates:

• Institutions or servicers whose clients prefer immediate and electronic payment distributions

Online Web Inquiry

Our Internet interface provides "online web inquiry" access to loan data. This feature is accessible through Lincoln Data’s wwwBranch option and is linked to your website. It allows sellers and buyers the ability to access their loan information online, any time they want, using a password-protected account.

Key Features:

• Secure access for sellers and buyers
• Users can view their loan information online, but not make any edits or changes
• User-friendly and intuitive interface
• Facilitates easy and immediate access to loan information without the need for physical visits or calls.

Ideal Candidates:

• Companies with multiple locations
• Larger companies that may not be able to field all client inquiries regarding their loans