Our application software streamline the management of original mortgage, loan consolidation processing from acquisition of the initial mortgage lead through calculation & payment of brokers' commissions after closing of the first or second mortgage note.

 

Contract Information

• Customer
• Account
• Principal
• Rate
• Base
• Term

Dual control approval process one person enters the mortgage contract information and other person with the assigned role approves the mortgage contract.

Daily interest calculation

• Actual/360
• Actual/365
• 30/360
• 30/365

Monthly installment generation

Broker Commission Calculation

• By Customer
• By Account
• By Name
• By Maturity Date
• By Officer
• By Geographic Code
• Outstanding mortgage balances report

The information provided on the reports contains between other:

• Customer Number
• Customer Name
• Account Number
• Principal
• Rate
• Base
• Per Diem
• Monthly/Periodic Payment information (Principal, interest, escrow, others)

Past due mortgage contracts report

Call report

FDIC automatic auditing database

Disbursements Types

• Taxes
• Insurances
• Others

Escrow Analysis

1098 IRS tape report

1098 Customer forms

Contract Information

History Transactions

Balances

Mortgage loan servicing begins with the loan details. Below is the main screen which begins the process of tracking the loans through the pipeline.

All aspects of each loan are tracked on this screen including all associated costs for the loan. All lists are maintainable by the user via the list maintenance tab.

Below is the main mortgage loan processing management data entry form.