Skip to main content

Nationwide Mortgage Licensing System expands to 14 states

Jun 26, 2008

ChargeSmart launches new credit card bill payment solution MortgagePress.comChargeSmart, credit card, ChargeSmart LLC, a provider of online payment solutions to the financial and mortgage industries, has announced the launch of its comprehensive Web-based payment service allowing consumers to pay their mortgage, auto and education loans as well as utility bills using a major credit card. Having a network of more than 4,000 billers across the United States, ChargeSmart completes transactions using a secure Internet-based payment system. ChargeSmart enables individuals with Internet access and a major credit card to make payments to companies in five different industries. Customers submit payments directly to ChargeSmart and indicate the amount they wish to pay and the recipient. The ChargeSmart system accepts, processes and remits payments electronically, ensuring every step from the customer to the payee is accounted for and traceable. The companys easy-to-use interface enables customers to gain reward points or miles from his or her card issuer. "Our offering is perfect for the individual who may experience an unexpected lifestyle change such as a temporary income interruption or fluctuation," explained Mitch Friedman, co-founder of ChargeSmart. "Or for the savvy consumer who wants to earn rewards for the ease of using his or her credit card for payment. Our solution's benefits are twofold: billers receive payments on time, every time, and it is a good financial tool for certain borrowers to meet payment deadlines and avoid late fees that negatively impact credit scores." Mortgage servicers benefit from the service because ChargeSmart collects more payments on their behalf without increasing their expenses. Brett McGovern, CEO of Bay Equity LLC, a mortgage lender based in San Francisco stated, "Over the years, borrowers have asked me if there is a way to use their credit card to make mortgage payments. There has never been a cost-effective solution until now with ChargeSmart." ChargeSmart simplifies the payment process for consumers facing important credit obligations. According to the company's market research, ChargeSmart is ideal for those with interest in innovative payment methods, and ones who use credit card rewards or points programs. Some payment options include mortgages, education loan, utilities and auto loan payments. "ChargeSmart offers a very convenient way for consumers to pay their mortgages," Friedman said. "One added benefit to paying by credit card is the immediate advantage of the 30-day grace period to pay that credit card bill enabling users to better manage their cash flow. In talking with interested third parties, we anticipate this concept to become a widely accepted payment method." For more information, visit www.chargesmart.com.
About the author
Published
Jun 26, 2008
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024
UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Apr 25, 2024
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024