Allocated Credit Costs

Flex Pay

Having the ability to pay for credit reports in multiple ways can be useful in controlling and lowering business costs. All credit report billing is managed and billed through the same credit ID number established between your mortgage company and your credit agency. Credex® separately bills Applicant, Loan Officer, Office or Mortgage Company, the Credex® transaction fees based on a user’s personal discretion. Charges for the cost of credit reports will be billed by your Credit Reporting Agency and a credit will be applied to your credit agency account for all charges paid with a credit card.

Automation Benefits Achieved:

 Eliminate monthly invoices or charge backs by the Originator to the loan officer
Billing segregated or grouped at your discretion based on your business model
Billing Receipts reside in your LeadVault for anytime access distribution
Receipts are auto-generated and provided to an applicant through the AppWizard™

Credex® provides four ways to allocate Point of Sale costs:

  • Applicant Direct - Applicants pay for charges up front

  • User - User pays for all charges incurred on account

  • Office - Office maintains billing control for all users

  • Company - Company maintains billing control for offices


* We accept Visa, Master, American Express