The process of calculating and printing certificate holder checks for periodic interest
and principal payments due under the terms of the certificates is fully automated by the
Collateralized Mortgage Obligations module.
Optionally, the check processing can be further automated by having the funds electronically
transferred from the CMO bank account and directly deposited into participating holder accounts.
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- User friendly, state-of-the-art design
- Accurately calculates interest and principal due for each certificate
- Print certificate holder checks or direct deposit funds electronically via ACH
- Group disbursements by certificate holder
- Print details and payment breakdown on check stub
- Automatically rollover certificates at maturity
- Automatically reinvest funds for "growth" certificates
- Print a check register before or after printing checks
- Print multiple copies of checks on plain white paper
- Historical audit trails maintained for all disbursements
This flexible and user friendly program makes the entire process of calculating interest
and principal, printing and/or electronically transferring funds to certificate holders
easy-to-use and totally hassle-free.
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