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Which payee should I enter for a First National mortgage payment?

  • Updated

For all First National mortgage payments, the payee should be First National Financial GP and LP Corp. at 100 University Avenue, Toronto, Ontario. 

  1. Create the Disbursement as you normally would.
  2. From the Payee Type drop-down list, select Mortgagee.
  3. In the Payee Name field, enter First National.
  4. Select the Search button.
  5. From the search results, select First National Financial GP and LP Corp. at 100 University Avenue, Toronto, Ontario.

A green banner message will appear, confirming that this payee will be used for all First National Mortgage disbursements.

6. Complete the disbursement as you normally would. 

Note: First National mortgage payments are sent to First National via bulk wire for next business day delivery. 

Note:  Fairstone Bank mortgages payable to First National are handled differently. Please refer to How do I create a Disbursement for Fairstone? for more information on Fairstone Bank mortgages payable to First National.