INV_Invoice Life Cycle

Invoice Life Cycle

Use InvoicingSM to submit invoices and any supporting documentation electronically to the servicer. Invoice processing occurs in stages.

First Stage

In the first stage, InvoicingSM provides a wizard that presents steps for invoice creation.

Second Stage

The invoice is not complete until you add one or more line items. The second stage of the invoice process involves managing invoice details, which includes adding line items to the invoice and attaching supporting documentation. The line item dollar amounts comprise the total invoice amount. Line item information appears on the Line Items tab in the Invoice Editor.

Third Stage

In the next stage of the invoice process, you submit the invoice to the servicer for review. InvoicingSM runs the invoice through business rules established by the servicer and investor. This stage can include aspects of the previous stage when the servicer needs you to make a monetary adjustment to the invoice, include more supporting documentation, or simply provide more information for a particular line item.

The servicer can then approve or deny the invoice. The servicer can also pend the invoice while asking for a resolution to an issue or for a monetary adjustment. When the invoice is approved, the servicer pays for the services rendered.

Top of Page

Confidential, Proprietary and/or Trade Secret
TM SM Registered Trademark(s) of Intercontinental Exchange, Inc. or a subsidiary or affiliate
Copyright 2024 Intercontinental Exchange, Inc. All Rights Reserved
ICE | Privacy Notice