Automate Your Entire Private Lending Business (Canada)
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.”
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.
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.
Mortgage Automator has made our lives better
One of the greatest things about the MA software is the time saving. What used to take hours to set up, fill out forms and save documents - now takes so much less time. The MA people are incredibly helpful and adaptable to make changes as we see fit for our business. They are ROCKSTARS!
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.
Comprehensive Lending and Administration Platform with Great Support
I love the support and customer centricity... The platform is comprehensive and always evolving, that helps us consolidate our technology stack and minimize reliance on external systems. The ability to get deals submitted from the origination platforms directly to us is a big factor as it streamlines the digital application process.
Easy to Implement
We are able to operate and administrate from multiple cities and countries without issues. This is a game-changer for our team. The software is a wholistic approach to Mortgage Portfolio management and administration and saves a ridiculous amount of staff time. The software continues to get better and better.
Mortgage Automator is an absolute game-changer!
Their services are top-notch, making the private mortgage process smooth and efficient. The automation they provide simplifies tasks, saving time and the team at Mortgage Automator is a dream to work with - knowledgeable, responsive, and always ready to go the extra mile. Their customer service is unparalleled.
Best Product on the Market
Using Mortgage Automator as the end-to-end platform for my hard money lending business. The team behind Mortgage Automator is the best. The software is super easy to learn and use and has a wide range of integrations and capabilities. We choose MA because there are more integrations, more customization, and more capabilities.
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Learn more about how we can automate and transform your lending operations.
