Loan Servicing
Save time on your loan servicing processes and prevent human errors by
automating calculations, alerts, payments, and more!
Borrower/Investor/Broker Payment Options
Paying or getting paid, we have all the possible options to make your day-to-day payments a breeze:
Post-dated cheques
Cheque printing (Canada)
Check printing (US)
PAD/ACH/EFT
- Auto-generated
- Warnings and Alerts
- Auto removal for discharged loans
Mid-Deal Investor Replacements
Go on a deal first and add investors later or replace any investors mid-deal because they want out, Mortgage Automator has you covered:
- Unlimited investor replacements at any time of the loan
Automated Interest Adjustment Calculations
Partial Paydown
Borrower paying out one of the collateral properties, or a multi-million dollar payout proportionally spread between all your investors:
Automated distribution
Any date and time
Collateral/Blanket Discharges
Renewals
Create as many standardized or optional fields as you need.
Renewal Fees paid
- At renewal
- Upon discharge
- As added to Principal
- Spread across any number of payments
Custom Renewal Conditions
Prepayments at Renewals
Ability to change Interest Types
Additional Loans/Draws
Extend additional funds or draws at any time
Ability to tie draws to Milestones / Repair Schedule
Add custom fees
Existing or new investors
NSF Tracking
Batch or individual entry
Automatic SMS/Text message alerts to borrowers
Custom NSF Fees
Discharges/Payouts
Discharge loans in seconds, with all the per-diem calculations, distributions and even accrued interest automatically done for you:
Discharge / Payout Statement
Discharge / Payout Instructions
Per-Diem calculations
Additional Fee Options
Distribution of Fees
Investor Statements
Beautiful custom branded monthly statements with meaningful information sent automatically to each investor:
Monthly auto-emailed statements
Customized letterhead & content
Reporting
Meaningful reports to eliminate manual processes and give you a complete oversight of the business:
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)
Prepaid Interest / Holdback Distribution Reports
Accounting
At Mortgage Automator, we ensure that you can dive deep into the data and understand exactly what is happening in your company. Every number is clickable to reveal further components and data.
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
