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Home » Store » News » Wells Fargo Reaps Savings, Increased Efficiency, Through Electronic Payments

Wells Fargo Reaps Savings, Increased Efficiency, Through Electronic Payments

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Boosting borrowers’ electronic payment options proved to be successful for Wells Fargo Home Mortgage, who used its new technologies in payment processing to cut costs and improve efficiencies. The company, the top mortgage lender in 2003 and the second largest servicer in the business, expanded its traditional paper and online collection payment plans by adding an accounts receivable check conversion system, or ARC, in November. And as a result, Wells expects 88 percent of
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