Is "PAYMENTS ROUNDPOINT MTG 2011196553 RECURRING INTER" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "PAYMENTS ROUNDPOINT MTG 2011196553 RECURRING INTER"?

RoundPoint Mortgage Servicing Corporation, established in 2007, is a company that operates within the mortgage servicing industry. They offer a range of mortgage-related products and services, including loan servicing and subservicing, loss mitigation, and customer support solutions. The company also provides mortgage refinancing options and assists clients with purchasing new homes. RoundPoint Mortgage Servicing Corporation is known for managing a diverse portfolio of loan types, serving both individuals and institutional clients.

PAYMENTS: Indicates the type of transaction

ROUNDPOINT MTG: Identifies the payee, in this case, RoundPoint Mortgage

2011196553: Likely the account or reference number associated with the transaction

RECURRING: Indicates that this is a regularly scheduled payment

INTERNET PAYMENT: Specifies the method of payment, which is an online transaction

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.