Payment Processing Update

Fall 2026

10 Reasons TMR is the Right Partner
for Loan Payment Processing

  1. Streamline your loan payment processing with an outsource lockbox solution.

  2. Single solution for processing: (1) mail-in payments – checks; (2) BillPay payments (check & electronic); ACH payments.

  3. Manage and consolidate loan payment activity to improve and automate the posting process.

  4. Resolve payment exceptions (missing loan number, distributions, stop pays, etc.) intraday/real-time to ensure timely posting to loan account(s).

  5. Minimal IT integration with your core/IP systems (i.e. Symitar, other). TMR sends a daily ICL deposit file and Loan posting file. The TMR solution utilizes AWS hosting platform.

  6. Web access for all payment data, reports, images and history – improved customer service response.

  7. Limited in-house operational responsibilities – TMR performs all scanning, processing, balancing, output creation (reports & files) and required end-of-day functions. The credit union staff can focus on customer service activities.

  8. Custom/credit union specific loan system posting file output and delivery via SFTP or web download

  9. Option to offer commercial lockbox processing to member business accounts with web access through a credit union branded payment portal.

  10. TMR Business Builder™ services provide all on-boarding functions and lockbox customer support including sales & marketing resources as needed

Mike is a senior sales/management professional. His in-depth knowledge of payment processing markets, lockbox operations, e-payment solutions and integrated receivables reporting is highly regarded in the banking industry.

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