RealTime IT News

Countrywide Home Loans Signs With CheckFree

Electronic billing and payment company CheckFree said Countrywide Home Loans Inc., a national residential mortgage company, signed on to offer its services to all of Countrywide's 2.4 million customers.

Using CheckFree (CKFR) E-Bills, an integrated electronic billing and payment solution, Countrywide customers now can pay their mortgage and home equity loan bills electronically.

Financial arrangements between the companies were not disclosed.

Countrywide E-Bills are available at a number of CheckFree-supported Web sites including Yahoo, U.S. Postal Service, WingspanBank.com and CheckFree E-Bill Direct.

Once enrolled, Countrywide customers receive one final paper bill by mail and then all future bills electronically. Customers can then view their bill on demand, review current and outstanding account balances and access full bill detail online.

Electronic payments made to Countrywide Home Loans will be processed by CheckFree Genesis 2000, an integrated end-to-end electronic billing and payment engine.

With Genesis 2000 and CheckFree's browser-based customer care tools, billers can view, track and report the status of billing and payment events without transferring the call to CheckFree.