Software Quick Link:
Trust Accounting Software
Mortgage+Care performs all the fractionalized accounting and trust accounting that is required in order to manage a multi-investor, private money/hard money loan portfolio. Our loan servicing software contains a subsidiary ledger for each and every one of your borrower, lender, and vendor contacts so you can hold funds while your borrower payments clear. All payments then go out automatically by schedule via printable MICR check or ACH electronic payment. Easy to use subsidiary ledger (sub-ledger) screens provide separate, real-time balances for each of your contacts. Users can allow the software to make all outgoing payments in an automatic scheduled fashion or they can override things at any time and manually make payments if they so choose. Built in bank account reconciliation tools and reports then allow the user to maintain a real-time balance at all times to assure compliance and trust accounting standards. Additionally the system allows users to produce state required reports such as the CA DRE Trust Status Report – RE 855 and the Trust Bank Account Reconciliation Report - RE 856. Custom reporting is also available for absolutely any kind of reporting requirements.
Our trust accounting software includes the following features:
- Trust accounting for multi-investor loans
- Complies with all federal and state trust accounting standards
- Subsidiary ledger accounts for all of your contacts
- Hold funds while your borrower payments clear and then automatically make payments after a configurable holding period
- Users can override regularly scheduled payments at any time in order to make them ahead of time or to hold funds longer than normally scheduled
- Reconciliation tools and reports allow the user to maintain a real-time balance at all times to assure compliance and trust accounting standards
- Allows users to produce reports such as the CA DRE Trust Status Report – RE 855 and the Trust Bank Account Reconciliation Report - RE 856
- Custom reporting is also available for absolutely any kind of trust account reporting or bank account reconciliation requirements
- Makes outgoing payments via MICR check or ACH electronic payments
- Unlimited subsidiary account ledgers (sub-ledgers) for all of your borrowers, lenders, and vendors
Our comprehensive feature set, broken down by category is located here - CLICK HERE
You may download a free 30 day trial version here - CLICK HERE
For further details, contact a Mortgage+Care representative today!
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