New Jersey-based NJ Lenders Corp has integrated with mortgage technology firm LenderLogix to automate their upfront fee collection process.
This move positions NJ Lenders Corp to provide borrowers with a better user experience while internally streamlining operational processes.
NJ Lenders Corp implemented Fee Chaser for its user-friendly interface and its simple implementation to their LOS, the company said in a statement. Fee Chaser will allow NJLC to request fee payments via SMS and email communication. Payments will then be made through a secure payment processor, and NJ Lenders Corp does not have to manage or store financial data.