The Bill Me payment type is where the appraiser invoices the lender for the order and the lender is the responsible party for remitting payment to the appraiser.
During the acceptance process, the appraiser will see Appraiser bills lender directly under the Payment Terms.
Another location the payment is disclosed for all parties is the Print view from the Property Information (house icon) tab.
Located under the Payment Details heading, the information will display that the Appraiser bills the lender directly, listing the name of your organization. Additional information shown is how much the appraiser is charging for the work completed and if any service fees are assessed by the appraiser. In the example below, the appraiser would collect $202.
The Billing Details tab will also display the party responsible for remitting payment to the appraiser, including if the appraiser is responsible for any service fees.
Remitting payment for Bill Me payment types will need to align with your organization’s payment distribution schedule. Appraisers will be invoiced monthly by Appraisal Firewall for any service fees due.