Highlights : About The Loan Office
Product Details
Features
Full escrow accounting
Payment receipt & coupon book printing
Dodd-Frank compliant statements, receipts & coupons
Loan charges & advances tracking
Detailed payment records
Loan servicing fee definition
Notice and statement printing/emailing
Complete escrow administration of impounds & reserves
1098, 1099 & Canadian T5 tax forms
Delinquency & general late notice tracking
NSF, reversal, writedown & payoff processing
Amortization schedule printing
Electronic payment collection
Benefits
Daily, weekly, and monthly reports are built in to the system, and users can also create their own reports.
Delinquencies and general late notices can be tracked, and users can schedule event-driven, one-time, or recurring reminders.
Detailed logs of all borrower payments made, and communications with lenders and borrowers can be kept.
Loan templates can be created for consistent record keeping and simplified data entry, and physical documents can be scanned and managed in the system.
Compliance with local and federal regulations can be managed with Dodd-Frank compliant receipts, statements, and coupons, and users can print and e-file 1098, 1099, and Canadian T5 tax forms.