Optical character recognition (OCR) technology
To read consumer checks for loan payments from lenders. In this way, FCI can accurately and quickly enter payment data into FCI’s online platform in real time, allowing lenders to get instant updates on their loan activity.
Centurion software
It processes each payment automatically by scanning and digitally interpreting numerous data fields. This automated process eliminates virtually all opportunities for input errors compared to the human error that exists when manually processing and entering payment information.
Lenders
Those who service their loans with FCI Lender Services can be confident that FCI will accurately enter and process consumer payments on their loans, as well as distribute the funds daily when the funds settle in the consumer’s account.
In addition, if lenders use FCI’s API technology at no additional cost, their customized reports will also be automatically updated to reflect the current status of their loans.
This emphasis on technology provides lenders with a streamlined process, from payment processing to the financial reporting desired by lenders.
