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The Mortgage Office

Name: The Mortgage Office
Rating: 4.5 (2 reviews)

By Applied Business Software Inc.

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Highlights : About The Mortgage Office

Track loan charges

ARM index rate

Collect and track escrow payments

Amortization scheduling

Accounting management

Application management

Schedule reminders

Collections management

Compliance management

Customer database

Create template as per state or loan type

Automatic funds distribution

Generate and send emails

Process payments with flexible options

Permission management system

Integrate with Microsoft Word

Collateral tracking

Billing & invoicing

Role based access

Check processing

About The Mortgage Office

The Mortgage Office by Applied Business Software is an integrated mortgage and loan servicing software for businesses of all sizes. The solution comprises multiple modules for loan origination and servicing, mortgage pool servicing, trust accounting, escrow administration and offers additional modules for managing mortgage rates, credit reporting and more. The loan origination module is suitable for loans funded by private lenders and helps to prepare loan documents to ensure clients can close more loans in less time with accurate paperwork. The loan servicing module is a core module which helps to streamline the loan servicing activities. This module helps to precisely track loan charges; process payments with many flexible options and download the latest ARM index rate values directly into the system. The Mortgage Office solution can be used to send bills and statements to borrowers via email. Users can schedule one-time, recurring or event driven loan reminders to be sent to borrowers. It also helps to automate various activities such as check printing and fund distribution between multiple sources. With mortgage pool servicing module, clients can determine the value of the pool at any time and manage partnerships, mortgage funds, LLCs and other non-performing loan pools. Businesses can establish legal and accounting standards with the trust accounting module. The solution complies with state and federal regulations including CA-DRE and B&P code and also meets the accounting requirements set by the Federal Real Estate Settlement Procedure Act (RESPA).

Specifications

Business Size

Mid-Market

Deployments

Premise

Language Support

English

Platforms

Product Details

Benefits

The Mortgage Office can be used to service all types of loan format that includes commercial, conventional, construction, ARMs, GPM, lines of credit and more.

Clients can schedule alerts for borrowers and automate payment reminders, monthly bills and statements via email.

The solution helps to track loan delinquencies and late charge assessments with automatic notices.

It offers the capability to automate the management of fund pools, REITS, partnerships, mortgage funds, LLCs, and non-performing loan pools.

With the integrated escrow administration module, clients can meet the accounting and reporting requirements set by Federal Real Estate Settlement Procedures Act (RESPA) and maintain the escrow accounts on behalf of borrowers.