Additional information for The Mortgage Office
Key features of The Mortgage Office
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- Track loan charges
- ARM index rate
- Collect & 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
• 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.