RC_LA_CM_200.3 ACH Drafting

One of the most widely used forms of automation in mortgage servicing is Automated Clearing House (ACH) payment drafting, where a borrower authorizes the servicer to withdraw the monthly payment directly from a checking or savings account. ACH drafting provides clear benefits for both borrowers and servicers—streamlining payment collection, improving cash flow, and reducing processing costs.

ACH Drafting explores how this method works, its advantages for both parties, and the regulatory and security standards that govern its use. The course begins with an overview of ACH processing, then explains the mechanics of payment drafting and its benefits. It concludes with a look at the controls and compliance requirements that help protect the ACH network.

This is a single-family/residential course.

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