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In Response To:
Thread Starter: Anonymous
Title: Re: Loan

Yes, I think you are correct on that issue...

Most of the payments we take over the phone are debit cards from their checking account at another bank.
My main concern is if we take it over the phone and it is not posted until the next business day which I believe the servicing rule says you must post a house payment the day the transaction is made. Or we would have to reimburse them the late fee and make sure the information wouldn't be sent to credit bureau if it created an over 30 day issue.