Loan Payment Processing

Nortridge loan payment processing software brings borrower payments directly into your servicing operations. Accept ACH, card, and cash-based payments, automate routine payment workflows, and control exactly how every payment is applied.

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Simplify Loan Payment Processing From Collection to Application

Nortridge handles every stage of a borrower payment, from collection and processing to application and exception handling.

Accept Multiple Payment Methods

Use configurable rules to automate late fees, refunds, short payments, and more, all without manual intervention.

Configurable Payment Waterfalls

Set the order payments apply across principal, interest, fees, escrow, and other balances, per loan or per individual payment.

Automated Payment Workflows

Configure rules for recurring payments, late fees, refunds, and other routine payment activity to reduce manual work for your team.

Manage Payment Exceptions

Process reversals, NSF returns, short payments, deferments, and suspense account items without leaving your servicing workflow.

FLEXIBLE PAYMENT OPTIONS

Give Borrowers More Flexibility in How They Pay

Nortridge supports the payment methods and schedules your borrowers need while keeping every transaction under your rules. Choose monthly, semi-monthly, weekly, bi-weekly, quarterly, or custom payment frequencies, then match each schedule to the loan’s terms.

Skip a payment and add it to the end of the loan
Accept ACH, card, and cash-based payments
Configure payment schedules around each loan’s terms
Set up automated recurring ACH and card payments

Payment flowing into principal, interest, fees, and escrow coin jars, showing a loan payment waterfall. AI-generated.

CONFIGURABLE PAYMENT WATERFALLS

Control How Every Loan Payment Is Applied

Nortridge applies every payment according to the waterfall you configure. Set the order in which funds flow across principal, interest, fees, escrow, and other payment buckets, then adjust that order for a single loan or a single payment when a borrower’s situation calls for it.

Nortridge automated payments interface showing ACH and card payment configuration options.

AUTOMATED PAYMENT WORKFLOWS

Automate Routine Loan Payment Workflows

Nortridge reduces repetitive servicing work by automating common payment activities based on the rules you configure.

Process scheduled ACH and card payments
Automatically assess configured fees and charges
Manage payment returns and reversals
Set rules for partial and short payments

Two colleagues reviewing a computer screen beside a document flagged with a payment exception warning. AI-generated.

EXCEPTION MANAGEMENT

Handle Payment Exceptions Without Disrupting Servicing

Nortridge gives servicing teams built-in tools for payments that fall outside the normal path. Each exception is handled inside the loan record, keeping balances accurate and every change date-stamped.

Returned and NSF payments
Payment reversals and corrections
Suspense accounts for unidentified payments
Skip payments
Deferments
Refunds by ACH or check

API & INTEGRATIONS

Connect Payment Processing With Your Lending Technology

Nortridge connects payment processing with the other systems your lending operation relies on. REST APIs, XML import, and web services move payment data between platforms, while the REPAY integration supports secure borrower payment processing and SFTP supports delivery of NACHA files for ACH.

Explore Nortridge Integrations

Frequently Asked Questions

Quick answers to common questions about Nortridge’s software for loan payment processing

What types of payments does Nortridge support?

Nortridge supports ACH, debit and credit cards, plus cash-based payments through REPAY, MoneyGram, Western Union, and Quick Collect.

Does Nortridge support ACH payment processing?

Nortridge offers native ACH processing for single and recurring payments. Secure SFTP transfers deliver NACHA files, and returned payments trigger configurable NSF handling.

Can borrowers set up recurring loan payments?

Servicing teams set up automated recurring ACH and card payments for borrowers. Nortridge also provides borrower portal code lenders use to offer self-service access.

Can lenders configure how loan payments are applied?

Lenders configure payment waterfalls that set the order funds apply across principal, interest, fees, escrow, and other balances. The order is adjustable per loan or per payment.

How does Nortridge handle partial or short payments?

Nortridge uses configurable payment thresholds to determine when a short payment counts as paid in full. It adjusts billing amounts accordingly. Payments below the threshold can trigger late fees or other events based on your business requirements.

How does Nortridge handle returned or reversed payments?

Reversing a payment rebalances the loan as if it never posted. Returned payments trigger an NSF transaction code, which applies the NSF fee automatically when configured.

Does Nortridge integrate with third-party payment processors?

Nortridge integrates with REPAY for payment processing and supports cash payments through your preferred source.

Can Nortridge process payments for different types of loans?

Nortridge processes payments for auto, consumer, commercial, agricultural, equipment, title, and mortgage loans, plus lines of credit, across simple interest, amortized, and rule of 78s methods.

Ready to Simplify Loan Payment Processing?

See how Nortridge helps your organization automate payment processing, configure payment rules, and manage borrower payments within your loan servicing operations.

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