Features:

Loan Origination

• Doc Prep, Unlimited Doc Sets for Both Disclosures and Closing Packages
• Loan Applications, Enter Manually or Bring in from Web Portal
• Loan Decisioning
• Loan Processing
• Workflow and Task Management, Configurable by Individuals or Groups
• Notes and Call Log, with Special Private Notes for your Investors

Loan Servicing

• Trust Accounting, Subsidiary Ledgers for all of your Borrowers, Lenders & Vendor Contacts
• ACH Electronic Payments
• Web Portals, Real time Web Reporting for both your Borrowers and Lenders/Investors
• Interest Calculations
• Investors & Pools, Either Directly Assign Loan by Loan or Capital Based Pools
• Funds Control
• Reserves
• Reporting, More below...
• Collections
• Electronic Document Storage
• Check Writing, MICR Checks
• Collateral Management
• Insurance Tracking, Monitor Policies and Send Letters with Expired
• Notes and Call Log, both Standard and Special Investor Only Notes
• Late Fees, Flat Fee or Based on Percentage of Amount Due
• Servicing Fees, Flat Fee or by Percentage/Points
• Incremental Funding
• HELOC & Line of Credit
• Step Rate
• Sub Servicing
• Receipts & Deposit Slips
• 1098, 1099’s, Electronic Filing Supported

Trust Accounting

• Subsidiary Ledgers for all Borrower, Lender, and Vendor Contacts
• Daily Cash Report for Trust Account (Control Report)
• Bank Reconciliation for Trust Account
• Broker Fees Collected Report
• DRE 881 Report with Breakdown Details
• DRE 852 Report with Breakdown Details
• Tickler Reports for Loan Maturities, Insurance Expirations and Loan Rate Adjustments
• Loan Yield Reports
• Total Portfolio Report

Escrow Impounds

• Escrow Administration
• RESPA Compliant
• Initial Escrow Analysis Disclosure Statement
• Annual Escrow Analysis Disclosure Statement
• Account History and Projection
• Letters/Reports to Borrower

Disbursements

• Print Payment Journal Report
• Print Pre-Check Run Report
• Print and Review Investor Checks
• MICR Checks
• Adjustments to Checks Register
• Print Direct Deposit Letters to Investors
• ACH, Generate NACHA Reports and Automatically Send and Receive Electronic Payments

Borrower Reports

• Account Status with Distribution, Amortization, Investor Listing or Investor Vesting Reports for Single or Multi Investor Loans
• Borrower Payment History
• Outstanding Borrowers Balance Report
• Loan Balance Report
• Borrower Ledger Card
• First Payment Letter
• Payment Coupons Printer in Various Formats
• Mailing Labels
• Delinquency Report
• Delinquency Letters with 3 levels of Severity
• Year-end 1098, Print Reports, Forms and Create Magnetic Media
• Request for Payoff Demand
• Balloon Notice Letter
• Incremental Funding Report and Borrower Monthly Statements

Investor Reports

• Investors Payment History
• Portfolio Reports of Loan Participation
• Year-end 1099-Int, Print Reports, Forms and Create Magnetic Media
• Mailing Labels
• Investor Statements, a combination of Payment History and Loan Portfolio

Technical

• Hosted Solutions & Cloud/SaaS/ASP
• SQL Database
• Cross Platform Applications & Mac