Fee Chaser is a leading payment solution for mortgage lenders looking to streamline operations, ensure compliance and deliver homebuyers with a five-star digital mortgage experience.
Text and email borrowers a unique link with one click from your LOS, and give borrowers a seamless way to pay their mortgage origination fees right from their cell phones (or any device). Once paid, everyone gets a receipt, and the LOS is automatically updated. Say goodbye to manual processing and hello to an amazing customer experience.
Borrowers using Fee Chaser see a 5-minute turnaround time between sending the request and receiving the receipt confirmation.
Time is money - whether you’re spending too much operational time manually collecting and processing fees or waiting until closing to request payment. In both cases, you’re leaving money on the table and missing out on the opportunity to get borrowers to invest in their journey.
Nothing is worse than an uncomfortable conversation with a regulator. Protect your borrower’s financials and your reputation by leaning on a solution that tokenizes payment data. Partnered with Fiserv, we can help you protect every transaction with superior security and eliminate PCI compliance headaches.
SMS & Email Communication
Handles all Upfront Fees
Accepts Credit Card & ACH Payments
Automatic Reminders for Unpaid Fees
PCI Compliant Payment Gateway
Secured by Tokenization
Web-Based, No App Required
Customized to your Brand & Process
Pricing is based on volume and varies greatly from one lender to another. You can expect this payment solution to start at around $500/month.
Fee Chaser has provided a much needed lift for our processing department to automatically collect appraisal fees (and extended rate locks). We no longer have to take card numbers over the phone and our accounting department no longer has to track and store receipts as everything is automatically dropped into Encompass. Big win all around!!!
Chief Operating Officer, NJ Lenders Corp
This has been a lifesaver when it comes to collecting payments from borrowers. No need for maintaining credit card data.
Encompass Admin, The Mortgage Firm, Inc.
LenderLogix is more than a 3rd party vendor. They are truly a company partner who offers incredible technology and unparalleled customer service. [Fee Chaser] implementation was easy and seamless and the continued support is absolutely amazing. LenderLogix is the GOLD STANDARD in partners.
Software Infrastructure & Compliance Manager
First Equity Mortgage
We purchased LenderLogix’s Fee Chaser product and wish we would have found it years ago. We have been able to save hours of manual processing! The implementation was painless and the Lender Logix team is amazing. You won’t be sorry purchasing Fee Chaser.
Mortgage Technology Officer, Centier Bank
Every lender knows they should be collecting upfront fees because it gives the borrower an incentive to close the deal. Unfortunately, the manual processes leave too much room for human error. When we calculated the annual losses, automating this collection process just made sense. I think I can speak for the entirety of my team when I say that Fee Chaser has streamlined our business.
President, Premium Mortgage Corporation
Enter your information and get a sample fee request texted right to you. You’ll get to check out the borrower’s experience when paying upfront fees with Fee Chaser.
"LenderLogix is more than a 3rd party vendor. They are truly a company partner who offers incredible technology and unparalleled customer service. [Fee Chaser] implementation was easy and seamless and the continued support is absolutely amazing. LenderLogix is the GOLD STANDARD in partners."
Case Study: Learn how Premium Mortgage Corporation saves tens of thousands of dollars each year by automating upfront appraisal fee collection with Fee Chaser
Have more questions? Check out the full list of FAQs.