Mortgage Servicer® automates mortgage servicing, including payment processing, investor reporting, custodial accounting, imaging, report writing and more!
Flexible Payment Processing
Mortgage Servicer® automates the posting of payments through ACH, lockbox, or your core banking/credit union system, increasing efficiency. Multiple system features process exceptions, reversals, adjustments and more.
Mortgage Servicer® fully automates escrow administration, including tracking, updating, performing aggregate escrow analysis and disbursing. Automated MI interfaces let you import and export PMI renewal and disbursement data. Use one of the many Mortgage Servicer® tax service interfaces to streamline escrow administration.
Mortgage Servicer® supports all agency investor reporting including Fannie Mae®, Freddie Mac®, Ginnie Mae® and FHLB plus all other industry standard reporting methods for bank and private investors. Mortgage Servicer® automatically creates the investor accounting reports and interface files required by the investors.
Mortgage Servicer's collections module helps collectors increase on-time payment and reduce delinquencies. Multiple built-in notices as well as collection queues enable your collectors to be very pro-active.
Mortgage Servicer's flexible loss mitigation module calculates and generates multiple loan modification or repayment plan options that conform to either internally defined or HAMP guidelines. Detailed bankruptcy and foreclosure tracking informs you of activity during the default cycle.
Statements and Reports
Mortgage Servicer® and Mortgage Accountant® come bundled with a wide array of predefined but flexible reports and notices. All reports and statements are automatically imaged and saved in the system. The powerful and easy-to-use SAP® Crystal Reports® report writer software allows you to create state of the art custom reports.