Automate Your Entire Private Lending Business
Save hours of manual work by automating all processes, reducing errors and increasing efficiency.
Book A DemoVS
Traditional Text Based Software
Mortgage Automator Platform
Loan Origination
There's no way to properly receive data unless it's written on a paper application. The information may be inaccurate.
Can't be estimated
Receive the deal electronically (via broker software integrations). Get the credit bureau within Automator. You can also add the deal information manually (3-5 min)
The term sheet is issued.
Can't be estimated
The term sheet is issued.
Prepare Lawyer Instructions manually.
10-15 min with templates
Prepare Lawyer Instructions manually.
10-15 min per form
Investor information is provided; lawyer instructions and compliance documents are available. All the information is stored in Mortgage Automator.
Figure out the closing date, calculate the interest adjustment, if there are multiple investors, recalculate interest adjustments. Distribute accordingly to each investor. If there is a servicing fee or spread being charged to the investors, interest adjustment has to be calculated with the spread going to the administrator.
15-20 min
Funds were deposited, the closing date was selected, lawyer distribution or advancing statement is available.
Loan Servicing
Manual input to cash management online or third party EFT platform. Verify and validate all files. Remove all discharged files, add all new files. Update payment amounts, make sure all the numbers are accurate.
From 10 min to a
dedicated employee
dedicated employee
The deal is funded, the payment is automatically set up for pull.
Create a debit file (pull funds from borrowers), select payment period for accrued interest.
Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure all of the numbers are accurate.
Can't be estimated
Generate a credit file and efficiently manage investor transactions. Disburse funds to investors, adjust payments by removing those tied to discharged loans, and allocate new amounts based on recently funded files.
Prepare investor statements each month.
Can't be estimated
Investor statements are sent out automatically.
Calculate per diems
Calculate penalties
Calculate payout fees
Calculate penalties
Calculate payout fees
15-20 min
Payouts:
Select the requested discharge date, per diem is calculated automatically
Penalty can be calculated automatically
Payout fees can be calculated automatically
Select the requested discharge date, per diem is calculated automatically
Penalty can be calculated automatically
Payout fees can be calculated automatically
Recalculate per diems.
5 min
Prepare discharge distribution breakdown for investors.
10-20 min
Payout date can be modified and per diem updated automatically, discharge distribution breakdown is ready.
Loan Renewal
Prepare the renewal agreement
Repost all conditions
Re-enter data if the interest rates or fees require updates.
Repost all conditions
Re-enter data if the interest rates or fees require updates.
10-20 min
The original data is prepopulated from the existing loan. Adjust information/loan terms and choose conditions. The agreement is ready.
Loan Origination
VS
Traditional Text Based Software
Over 190 Min
vs
Traditional Text Based Software
Loan Origination
There's no way to properly receive data, unless written on a paper application. The information may be inaccurate.
Can't be estimated
The term sheet is issued.
Can't be estimated
Prepare lawyer instructions manually.
10-15 min with templates
Prepare lawyer instructions manually.
10-15 min per form
Figure out the closing date, calculate the interest adjustment, If multiple investors, recalculate interest adjustments. Distribute accordingly to each investor. If there is a servicing fee/spread being charged to the investors, interest adjustment has to be calculated with the spread going to the administrator.
15-20 min
Loan Servicing
Manual input to cash management online or 3rd party EFT platform. Verify and validate all files. Remove all discharged files, add all new files. Update payment amounts, make sure all the numbers are accurate.
From 10 min to a
dedicated employee
dedicated employee
Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure all of the numbers are accurate.
Can't be estimated
Prepare investor statements each month.
Can't be estimated
Calculate per-diems,
Calculate penalties (if applicable),
Calculate payout fees (if applicable).
Calculate penalties (if applicable),
Calculate payout fees (if applicable).
15-20 min
Recalculate per-diems.
5 min
Prepare discharge distribution breakdown for investors.
10-20 min
Loan Renewal
Prepare the renewal agreement, Repost all conditions, Re-enter data if the interest rates or fees require updates.
10-20 min
Total Time:
Over 190 Min
Mortgage Automator Platform
Loan Origination
Receive the deal electronically (via broker software integrations). Get the credit bureau within Automator. You can also add the deal informatio n manually (3-5 min).
The term sheet is issued.
Investor information is provided; lawyer instructions are available; compliance documents are available as well. All the information is already stored in Mortgage Automator.
Funds were deposited, the closing date was selected, lawyer distribution or advance statement is available.
Loan Servicing
The deal is funded, the payment is automatically set up for pull.
Create a debit file (pull funds from borrowers), select payment period for accrued interest.
Create a credit file. Send funds to investors.Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure
Investor statements are sent out automatically.
Payouts:
Select the requested discharge date,
Per-diem is calculated automatically.
(If applicable) penalty is calculated automatically.
(If applicable) Payout fees are calculated automatically.
Select the requested discharge date,
Per-diem is calculated automatically.
(If applicable) penalty is calculated automatically.
(If applicable) Payout fees are calculated automatically.
If the actual payout date is different than requested, adjust the date, Per-diem updated automatically, Discharge distribution breakdown is ready.
Loan Renewal
The original data is prepopulated from the existing loan. Adjust information/loan terms if necessary, choose conditions. The agreement is ready.
Total Time:
Under 7 min
SOC 2 Type II Attestation
Secure & Compliant
SOC 2 Type II certified in accordance with the American Institute of Certified Public Accountants (AICPA) standard. Mortgage Automator utilizes the highest standards of data security and operational integrity, to safeguard every transaction and record entry with rigorous, industry-leading security measures.
Don’t take our word for it, read what other private lenders have to say about us.
“User-friendly software interface and comprehensive features
The Mortgage Automator’s intuitive design makes navigating complex mortgage processes a breeze, even for users with limited technical expertise. Additionally, the robust reporting capabilities provide valuable insights into loan performance and operational efficiency, empowering lenders to make informed decisions.”
Efficient Loan Management with Smart Automation
Mortgage Automator has streamlined our loan origination and servicing process. The automation for documents, compliance, and payments saves us time, while the Borrower Portal makes lead management seamless. The automation and integrations cut down manual work, and the support team is great.
The name speaks for itself... and the people are AWESOME!
Mortgage Automator is so user-friendly; not much need for training, it is very intuitive to navigate. They are very helpful and super quick to return a call or email. Producing paperwork for us has become so much easier. Looking forward to further improvements.
Incredible Customer Service
The software has made my life so much easier. It does exactly what we need it to do! (The support team) is so attentive to our needs and takes every suggestion and makes it a reality for us. I can not be happier with how this product has truly freed up my time and made things run so smoothly.
Easy to Use, Simple, Flexible, Intuitive and Great Customer Service
Exceptional! No issues from day one - MA has always been there to support, teach and listen. MA is easy to use, simple, flexible and intuitive. It has the ability to handle many different types of scenarios and transactions. The customer service is exceptional. The response time, efficiency and knowledge are beyond industry standard.
Automator makes preparing loan commitments efficient
The Automator Team provided a thorough onboarding/training process. Customizing the dashboard to organize file progress based on our workflow. Generating lawyer instructions within the email communication saves a lot of time. Automator seems to be proactive with continuous development.
Finally, a loan servicing program that's flexible with a supportive team!
Since making the switch, I have been incredibly pleased with the results. The Mortgage Automator has not only saved me 3-4 hours weekly by streamlining my processes, but their support team has been outstanding. What sets Mortgage Automator apart is their genuine commitment to their customers' success.
Great Software
Overall, the experience has been great. We have been able to streamline our business and make our processes simpler, faster, and easier, saving us time and money. The software is easy to use and integrates well with our current practices. Regular updates to the software increases functionality.
Easy-to-use platform
Chat support team is readily available when needed. Mortgage dashboard is easy to navigate while working through deals in the underwriting stage. Flexible options to explore different scenarios and debt service ratios. Easy to navigate loan management platform with efficient underwriting tools (such as rental offsets). Beneficial for private/alternative lending where multiple scenarios or more creative deal structures are analyzed.
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Learn more about how we can automate and transform your lending operations.
