ACH Accounts

Access the ACH Accounts function under the Borrower Services tab when you need to add, update, or delete an ACH Account for a borrower.

To Add an ACH Account

If the borrower does not have an ACH Account set up yet, you can click the link where prompted, or you can click the Add icon in the Function Bar.

You will then be presented with a data entry window.

Enter the following information and click on the Save icon to create a new ACH Account. If you close this window without clicking on the Save icon, your data will not be entered into the system. Clicking on the Reset icon will erase any data you have entered.

Field Name	Required?	Size/Format	What to Enter
Bank Name	Required	30 characters; alphanumeric	Enter the name of the borrower’s bank.
Account Number	Required	20 characters; numeric	Enter the borrower’s bank account number from which the payment will be made. This is the number that appears along with the routing number at the bottom of the borrower’s check. Enter numeric characters only, no spaces or dashes.
Account Name	Required	alphanumeric	Enter the name of the account.
ACH Signup Date	Required	10 characters	Enter the date after which payments will be taken from the account. The date format must be "mm/dd/yyyy".
FRD/ABA Number	Required	9 numeric characters	Enter the bank's routing number.
Override Amount	Optional	5 numeric characters	When this field is populated, the system will use this amount in place of the borrower’s normal billing amount.
Transaction Type	Required	Select value from drop-down list	Select a debit or prenote account.

The Next Step

Once you have added a new ACH Account for a borrower, you will need to go to the Payment Method option under the Loan Grid menu in order to associate the borrower’s loan with the new ACH Account.

To Update or Delete an ACH Account

If ACH Accounts currently exist for a borrower, they will be displayed. In order to update or delete account information, select a record by clicking on the Magnifying Glass icon. This opens the data entry window, populated with the account information.

To update information for an ACH Account, revise the data and click on the Save icon to update the system. If you close the window before clicking the Save icon, your changes will not be saved to the system. Clicking the Reset icon will return all modified fields to their original values.

To delete an ACH Account, click on the Delete icon. You will be given the option to continue with the delete or cancel it.

NOTE: If the Delete icon is not enabled, you do not have the security privileges necessary to delete this data.