CheckAlt and LoanPro Partner to Expand Payment Processing Capabilities for Lenders

From paper checks to online banking bill pay, LoanPro customers gain more efficient processing, simpler reconciliation, and better visibility.

NEW YORK--(BUSINESS WIRE)--CheckAlt, a provider of integrated receivables and payment processing solutions, announced today a partnership with LoanPro, the modern lending and credit platform, to expand the receivables and payment processing capabilities available to LoanPro customers—giving lenders a more efficient way to process and reconcile inbound payments across paper checks and online banking bill pay.

While many lenders have modernized their loan servicing platforms, check payments—including paper checks generated through online banking bill pay—often still require manual processing and reconciliation. The partnership helps LoanPro customers streamline check payment workflows, reduce manual work, accelerate payment posting, and gain greater visibility into inbound payment activity.

“LoanPro customers have been looking for a better way to manage check payments without disrupting their existing servicing environment. By partnering with CheckAlt, we’re giving customers a streamlined way to improve operational efficiency while enhancing the overall borrower and back-office experience,” said Charles Sweeney, CRO & COO at LoanPro.

“Modern loan servicing requires modern receivables,” said Jason Schwabline, Chief Commercial Officer at CheckAlt. “Even as lenders modernize their servicing platforms, check payment workflows that support them often remain manual. Together with LoanPro, we're helping lenders expand their payment processing capabilities to reduce manual work, simplify reconciliation, and gain better visibility into payment activity.”

Through the partnership, CheckAlt will support LoanPro customers with lockbox, electronic lockbox, remote deposit capture, and remote lockbox capabilities—helping lenders streamline inbound payment processing and reconciliation.

About LoanPro

LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ lenders use LoanPro to holistically upgrade their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture allowing lenders to enhance their origination, servicing, payments, and collections, all built on the foundation of a modern lending core. Learn more at loanpro.io.

About CheckAlt

CheckAlt is a leader in payment management, delivering a complete receivables solution that seamlessly processes both paper and digital payments. From traditional lockbox services to our advanced electronic lockbox, and from ACH to credit and debit card payments, we simplify B2B and C2B transactions for hundreds of financial institutions, fintechs, and businesses nationwide. Organizations trust CheckAlt to accelerate payment processing, improve operational efficiency, and deliver secure, digital-first solutions. With innovation and a commitment to exceptional service at our core, we empower businesses to manage payments more efficiently and securely.

For more information, visit www.checkalt.com and follow CheckAlt on LinkedIn.