Payment Processing- Job Scope Middle office Disbursement Compliance team is responsible to align and integrate CTS Common function to a centralized disbursement team As a paying agent, Wells Fargo agrees to pay the insurance premium based on the client direction to maintain the insurance policies and keep the active, and validating payment request from Front office by ensuring the payment is permitted under the governing document by verifying Authorized signers if required, need to validate SPA to disburse different Line of Business Payments.Asset Backed Securities Correspondence - As a security Intermediary, Wells Fargo act as a Owner/Beneficiary of the insurance policies on behalf of financing entity and insurance carriers register policies in the name of Wells Fargo Bank NA. Daily basis Wells Fargo Analyst logs into BPM and opens each unidentified correspondence and need to Analize the document and taking actions accordingly. EGS Team will notify the client about the status of the policy, client will take necessary actions accordingly.Dedicated Administrative Processing Service (DAPS) - Team Provides a standardized audit confirmation response when it receives a request from auditors or from the line of business. The DAPS team confirms the Bond Information, i,e., outstanding balances, principal and interest payments, Additionally, DAPS confirms the trust account balances and holdings.