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Streamlined Payment Processing
Regular payment processing is fast, flexible, accurate and easy to use, enabling you to process many types of payments in a single window. You also have complete control of each payment's distribution using a familiar Excel-like user interface.
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- Make payments from borrowers funds received or from funds held in trust
- Access borrower's loan file directly from payment entry to verify
information needed prior to entering payments by selecting the
Loan File button.
- Add other distributions to lenders or vendors easily by selecting
the Other Payments button.
- Pay charges (in full or partially) with the Pay Charges button.
- Distribution button allows you to view and modify complete breakdown
of how funds received will be disbursed with Excel-like spreadsheet
interface.
- Select to Release, Hold or pay Immediate.
- Color-coding is used throughout to highlight information user
needs to see
and...much, much more!
And in addition to regular payments, the following data entry windows
are provided:
- Payoffs
- Other Cash Received From Borrower
- Other Cash Received From Lender
- Adjustments
- Automated Payments (ACH)
- NSF Check Entry
- Payment Reversals
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Quick & Easy Borrower Payments
When processing borrower payments, the system
not only disburses funds to the funding lenders, the originating vendor
and to the broker - but also to any other lenders/vendors you wish
making it easy to advance to senior lien holders, pay insurance premiums,
property taxes, etc.
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In addition to recurring disbursements you may have already set up
in the loan file, other disbursements can also be added at payment
entry time. You can also easily select the source of funds for each
disbursement by clicking on the Paid By Lender? checkbox.
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Share Servicing Revenue with Accuracy
Share the revenue generated by your servicing portfolio in a multiple of ways. Not only does the system handle a variety of revenue options, but these funds can also be split among a number of participants.
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And then share fees with: |
- Late charges
- Interest differentials
- Prepayment penalties
- Lender servicing fees
- and...any other revenue sources
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- The servicing broker
- The originating vendor
- Lenders
- Vendors
- Investment counselors
- Loan officers
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| Standard & Custom Notices. Complete integration with the Microsoft Office Suite of products enables you to create as many custom notices as you need using the data contained in your loan servicing software database. Once created, they are added to the Custom Notices menu and can then be generated at any time. 
- Borrower Late Notices
- Insurance Expiration Notices
- Demand for Payoff
- Beneficiary Statements
- Reinstatement Notices
- Balloon Payment Notice
- HUD Delinquency Notice
- And more...
Create notices from scratch or from any one of our standard templates. Generate notices for borrowers, lenders and vendors and to all lenders on a particular loan. From simple transmittal letters to complex reports, you are free to customize your system quickly and easily to meet your specific needs.
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