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Check Processors Inc.

Check Processors Inc., known as CPI, was formed in 1986 and since that time has been providing remittance processing “AKA” Lockbox services for Banks, utility companies, various cities, counties, property management companies, medical billing, as well as providing services for the State of California. On July 1st 2011 AFTS of Seattle, Washington purchased Check Processors Inc.

CPI provides the most complete and comprehensive payment processing solutions to Business, state, city and local government, utilities and companies of any size.

If you are looking to out-source your company billings or need solutions to enhance your in-house payment processing operation go with an industry leader with over 40 Years Experience.

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A Complete Payment Services Solution

  • Checks-in the mail processing (AKA Lockbox) Retail and Wholesale Remittance
  • Check image capture with secure internet look-up
  • Image Cash Letter creation
  • Check Images deposited and checks shredded
  • Web-Pay Hosting
  • Phone-Pay Hosting and payment solutions
  • ACH Origination
  • Credit Card Processing
  • Home Banking Consolidation
  • Deposit Source Reporting
  • Check Clearing Services
  • NSF Recovery Services
  • Invoice Printing/mailing
  • Payment Coupon Book manufacturing/mailing
  • Electronic delivery of invoices and statements
  • Merchant Services
  • Statement Printing/Mailing
  • Direct Mail Marketing
  • Loan Servicing
  • Contract Collections
  • Address Processing

Loan Servicing

If you receive periodic payments CPI’s Loan Servicing Department can help you with the servicing of your note. CPI’s Loan Servicing Department has been servicing notes since 1986. Having a Note Serviced by CPI simplifies your record keeping and can save you time and money.  We act as your agent for the collection of your payments. You can now spend your time doing what you want without worrying about changing IRS regulations, computing interest, sending late notices, watching for payment changes or balloon payments all that can be a real headache.

CPI’s Loan Servicing system handles everything for you using the most state of the art computer technology and a staff of experts in funds transfer and accounting.

Our system and process is so flexible that we can service most any type of note or installment payment such as:

  • Promissory Notes
  • Mortgages
  • Installment Notes
  • Personal Loans
  • Real Estate Contracts
  • Land Contracts
  • Seller-Carry Backs
  • Private Investor Notes
  • Contract Collections
  • All-Inclusive Notes
  • Bi-Weekly Servicing
  • Rentals
  • Leases
  • Child Support
  • Membership Fees
  • Association Dues
 

Our services includes:

  • Calculating interest, late charges, due dates, etc.
  • Statements and Emails
  • Send statements, payment advices, or emails to notify payer and payee


Mailing annual 1098 & 1099 interest statements to all parties and the IRS for tax reporting purposes.

Providing reserve accounting, amortization schedules, account history ledgers, payoff quotes, consolidated investor reports, balloon payment calculations, and multiple disbursements when needed.

Quality Customer Service

Our knowledgeable staff is accessible toll free between 8 am to 5 pm Monday-Friday P.S.T.

Secure Collateral Housing

We will safeguard  key collateral documents (the Note and Mortgage) in a state of the art, secure vault. Documents will be safe from loss caused by misplacement, weather, or other casualties. In addition, complete imaged mortgage documents will be available via email or our website.

Efficient Payment Processing

We can automatically deduct funds from the borrower’s checking account and deposit the payment directly into a specified bank account. Additional fees apply for non-electronic payment processing and remittance.

Web- Access and online payments

We maintain a complete history of all transactions that have occurred on your loan.  You can view all of your history or payment information online via our website 24/7. You can even make payments on your loan.

Late Notices

Mailing or emailing late notices or reminders if payments ever falls behind.

Accurate Year End Reporting

We will report the required data to the IRS and provide the Seller Financer and the borrower with this information via regular mail.

Complete Escrow Tracking Services

We can monitor and manage the tax and insurance payments on the seller’s and the borrower’s behalf. We will review the escrow account annually to ensure the collection of adequate funds for the next year’s bills. We will provide the borrower with an annual statement and projection of the new escrow amounts. This will ensure that all bills are paid timely and collateral is secured.