Class Valuation has partnered with leading Pay Later providers to eliminate payment friction in the appraisal process, creating a better experience for everyone involved.
How it Works
1
Simple integration
Available in the Class Marketplace (CMP) portal and integrates seamlessly with your existing processes
2
Three flexible options
Pay in four installments (no interest), three-month option or six-month option
3
Quick approval
Borrowers/members complete a simple approval process that takes just 3-5 minutes
4
Automatic updates
Once approved, orders automatically update in Class Valuation's system and move forward
5
Direct borrower/member payments
They pay directly online with no collection hassles for you
Benefits for your organization
Simplified operations
Eliminate payment collection hassles, reduce administrative burden and focus on closing loans instead of chasing payments
Accelerated processing
Enable faster appraisal ordering with no payment delays and streamlined loan processing
Enhanced customer satisfaction
Offer flexible payment options that improve borrower/member experience and remove payment hurdles
Risk-free implementation
Available in the Class Marketplace portal with zero risk as payment partners handle all repayment responsibility
Immediate borrower adoption
In our trials with high-volume lenders, one in five borrowers chose a Pay Later option organically—without any promotion or marketing.
Implementation is immediate through the Class Marketplace portal. Most organizations can be up and running within one to two business days.
What payment options are available to borrowers/members?
Three flexible options through our Pay Later partners: Pay in four bi-weekly installments with no interest, three-month payment plan or six-month payment plan.
Does applying for Pay Later affect borrowers' credit scores?
No. Only a “soft credit check” is performed that doesn't impact credit scores. However, if payments become delinquent, this may affect their credit score.
What happens if a borrower/member doesn't pay?
Our Pay Later partners assume all repayment risk. You and Class Valuation are not responsible if a consumer doesn't pay.
Are there any hidden fees for borrowers/members?
No. There are no late fees, prepayment fees, penalties, annual fees or setup fees.