Flexible Loan Servicing Software for Private Lenders
Save time on your loan servicing processes and prevent human errors by automating calculations, alerts, payments, and more!
Key Servicing Features
Cheque printing (Canada)
Check printing (US)
- Warnings and Alerts
- Auto removal for discharged loans
Renewal Fees paid
- At renewal
- Upon discharge
- As added to Principal
- Spread across any number of payments
Custom Renewal Conditions
Ability to change Interest Types
Prepayments at Renewals
Ability to change Interest Types
Any date and time
Replace any investor with another at any time
Auto interest adjustment calculation
Ability to tie draws to Milestones / Repair Schedule
Add custom fees
Existing or new investors
- Batch or individual entry
Automatic SMS/Text message alerts to borrowers
Custom NSF Fees
Discharge / Payout Statement
Discharge / Payout Instructions
Additional Fee Options
Distribution of Fees
Ability to charge interest & calculate accrued interest
Credit Card integration
Monthly auto-emailed statements
Customized letterhead & content
Payment schedule changes
Frequency of payments
Customizable/filterable loan statuses
Batch letter generation (in separated or single file for easy printing)
- Investor Statements
- Property Insurance Expiry letters
- Property Tax letters
- Borrower / Investor / Shareholder Payment Reports
Monthly Deal Tracker
- Deals reviewed, terminated, committed, funded, etc.
Maturing Loans (30/60/90 days)t
Prepaid Interest / Holdback Distribution Reports
Annual Borrower Statements
Annual Investor Statements
Investor T5s (Canada)
1098s, 1099s (US)
Accrual A/R and A/P Reports
Lender Income Reports (P&L)
Operating & Trust account ledgers
Integration with QuickBooks
Initial reserve amounts
Pre-payment of monthly top-ups
External payment tracking
Cut our manual process over 60%
It is custom tailored for our individual needs not only in front and operations but in back and servicing. This software has allowed us to become paper free. I have sat down and talked to many developers in the space. This was the only company that delivered what it said and has the upmost professional team.
The Future of Mortgage Administration
Very user-friendly. Like their slogan says, “For Lenders by Lenders.” As a lender myself, this is a very natural and intuitive software. You can tell that the software is built by a lender.
Mortgage Automator is a game changer!
There are so many features that are great, but the ability to produce so many of our custom documents so quickly has made us super efficient and lifted our game considerably. We can literally turn around a straightforward application in 10 minutes and have a commitment letter sent out. Instructing our solicitor with a file is ultra easy too, as is producing renewal agreements and discharge/payout statements.
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.
Mortgage Automator… Automates!
The Mortgage Automator Platform is relied on as our core loan management database / software. All major features were considered and work as needed, and some custom features have even been developed and implemented based on our company’s suggestions. This software is easily equivalent to 2-3 (or more) additional staff.
Time to be part of industry leading conversations
Top performers are switching to Mortgage Automator to power their entire private lending business and generate all their documents in minutes. It’s time to get ahead of the curve, gain a competitive advantage, and deliver exceptional value to your brokers, lawyers and investors!