INV_Invoice Processing

Invoice Processing

InvoicingSM enables vendors and brokers to create invoices and submit them electronically to the servicer. In turn, the servicer can review and process the invoice so that the vendors/brokers can be paid. The back and forth actions performed on an invoice are all tracked in InvoicingSM and can be reviewed via reports.

In some instances, an invoice might receive easy approval. In other instances, the servicer might dispute an amount submitted on a specific line item. If there is a disagreement, the servicer can create an explanation resolution and send it back to you requesting that you make changes to the invoice and resubmit it. If a satisfactory resolution is not achieved, the servicer might deny the invoice.

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