The first step in enabling The Mortgage Office® to process electronic payments for vendors is to enter the pertinent ACH information for each participating vendor.
To enter Vendor ACH information:
- Click on
Loan Servicing in the left-hand navigation panel of The Mortgage Office®. - Scroll down to All Vendors and click on it. This will bring up the All Vendors grid.
- From the grid, select the record you want to modify.
TIP: If the record you want to edit is not visible, go to the bottom-right-hand side of the All Vendors screen and use the page-scroll bar to find the record, or click the Find box 
at the top-right-hand side of the screen to search for the record by entering your own search criteria. For additional information see How to Use Find and How to Use the Data Grids.
- Double-click on the vendor or choose the Edit icon
from the menu choices near the top left of the All Vendors screen, which will open the vendor record. - Click the ACH tab located near the top of the
Vendor page. - Enter the following information:
TIP: Enter the Routing number before any other information. When a new routing number is entered, it is matched against a database of U.S. Bank Routing Numbers containing thousands of records, and if a match is found, the bank's name and address are automatically updated, saving some data entry.
|
Field: |
Description: |
|
Bank Name |
Enter the bank's name. (Maximum of 64 characters) |
|
Bank Address |
Enter the bank's address. (Maximum of 255 characters) |
|
Routing Number |
Enter the number of the bank or financial institution where the vendor’s payment is to be deposited. This is oftentimes referred to as the routing number. (Maximum of 9 characters) |
|
Account Number |
Enter the number of the bank account where the vendor's payment is to be deposited. (Maximum of 17 characters) Refer to the image above to locate the holder's bank account number from a sample check. |
|
Individual Id |
Enter the vendor's account number. (Maximum of 50 characters) |
|
Individual Name |
Enter the vendor's name. (Maximum of 50 characters) |
|
Account Type |
Select Checking or Savings or GL Deposit (Credit) from the drop-down menu. |
|
Service Status |
Indicates the status of the vendor's ACH account. Select one of the following from the drop-down menu:
|
|
Send Printed Notification of Deposit |
Check this box to generate paper notifications of electronic deposits for this vendor. |
|
Send Email Notification of Deposit |
Check this box to generate electronic (email) notifications of electronic deposits for this vendor. |
- Click the Apply icon
near the top-right-hand side of the Vendor page. This will save all of your changes.