- The Loan Origination module does all the math for you, ensuring calculations will be error-free.
- APR, Finance Charge, Total Amount Financed, Total of Payments
- Loan to Value Ratios, Borrower's Debt Ratio, Protective Equity
- Regular Payments, Balloon Payments
- Prorations, Interest
- Gross Loan, Net Loan
- Payoffs
- Points, Fees
- Late Charges
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- Complete trust accounting and Quicken-like check writing, escrow sub-ledgers and bank reconciliation
- Trust Reports that comply to Commissioner's Regulation 2831, 2831.1 and 2831.2.
- The most widely used set of documents in the industry, print on blank paper from your laser printer
- Create or modify any document using Microsoft Word
- Handles Origination, Sale of Existing Note
- Tracks every escrow function from appraisals, credit reports, preliminary reports, beneficiary statements...
- Includes a flexible on-line individual or group calendaring of events for easy follow up
- Allows unlimited number of lenders, borrowers, securing properties, payoffs and remaining encumbrances per loan
- Handles multiple companies
- Contains a Loan Negotiation Tool that allows you to build loans from net-to-gross
- Calculates complex APR calculations
- Seamless integration with The Mortgage Office's Loan Servicing and Trust Accounting modules.
- Mainframe quality security with identification, authentication, discretionary access, file encryption, auditing
- True multi-user access fully compatible with leading networks
- User defined addenda per escrow
- Ability to create new escrows from templates (allows you to
create "loan programs") and existing loans (very helpful
when you have repeat borrowers)
- Produces complete set of management and marketing reports
- Software maintenance includes toll-free telephone support and
free product updates
Our documents have been reviewed by the most prominent attorneys in
the industry to ensure compliance and accuracy. Here is what two California
mortgage broker associations have to say:
"...the most current,
professional looking and legally correct documents that CIMBA believes
can be found anywhere..."
California Independent Mortgage Brokers Association (CIMBA) Newsletter
"Without the assistance of ABS we could
not have supplied our members with what we believe is the most comprehensive
forms package available in the industry."
Clive Hoffman, Executive Director, Mortgage Association of California (MAC)
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