Overview
Before finalizing a payment, you may need to authorize the release of funds through your internal financial workflows. Generating a funds approval request allows you to download a pre-populated Same Day Funds Request spreadsheet, which contains the specific batch ID, total authorized amount, and a detailed list of associated tax report IDs and loans.
Generating Funds for Approval
Select Manage Wire Batches under Wire Batches from the menu.
Click the Wire Batch # for the batch you wish to generate a request.
Click Generate Funds Approval.
Open the downloaded file to review the "Same Day Funds Request." This file includes:
The Cotality Funds Batch ID.
The total amount to be wired.
A breakdown of Tax Report IDs, Loan numbers, Agencies, Parcel Number, and Amount
Outcome
You have successfully generated the standardized funds request file required for internal approval.