To create a Mortgagee or Loan/Unsecured Line of Credit disbursement with Fairstone Financial as the payee:
- Create the Disbursement as you normally would.
- From the Payee Type drop-down list, select either Mortgagee or Loan/Unsecured Line of Credit, based on these criteria:
- If the payout statement was sent from a Fairstone Branch and includes a fax cover sheet containing the branch number and city/location, and the footer reads © 2021, ™ ® Fairstone Financial Inc., select Loan/Unsecured Line of Credit.
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If the payout statement received is a Mortgage Discharge Statement, and has a header including the text "First National Financial LP", and "First National Home Equity Secured Mastercard Issued by Fairstone Bank of Canada", select Mortgagee.
3. In the Payee Name field, enter Fairstone.
4. Select the Search button.
5. From the search results, select the appropriate Fairstone branch.
- Loan/Unsecured Line of Credit - select the Fairstone Financial Inc branch that applies.
- Mortgagee - select the Fairstone Bank of Canada at 33 Yonge St, Toronto branch
Note: If the branch does not appear in the Search Payee results, contact Customer Service at 1-888-417-4818 or via email at help@surefund.ca
6. Complete the disbursement as you normally would.
Loan/Unsecured Line of Credit funds will be paid by cheque, delivered the next business day.
Mortgagee funds will be delivered by wire.