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!

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Best Ease of Use

in Loan Origination Software

Best Ease of Use

in Loan Servicing Software

Best Value

in Loan Origination Software

Best Value

in Loan Servicing Software

Based on the 2020 customer ratings on

Key Servicing Features

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

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
Ability to change Interest Types
Prepayments at Renewals
Ability to change Interest Types

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

Investor Replacement (mid-deal)

Whether it’s a strategy, or an occurrence, it all works.

Replace any investor with another at any time
Auto interest adjustment calculation
Holdback/prepayment forwarding

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

Additional Charges

One-time or recurring charges & payments can be entered with a click.

Ability to charge interest & calculate accrued interest
Record/Schedule/Request payments
Invoicing
Credit Card integration

Investor Statements

Beautiful custom branded monthly statements with meaningful information sent automatically to each investor:

Monthly auto-emailed statements
Customized letterhead & content

Mid-Loan Adjustments

Anything can change, and so can the system.

Payment schedule changes
Interest changes
Frequency of payments

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)t
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

Additional Reserves

Let the system keep track of your reserve balances.

Initial reserve amounts
Monthly top-ups
Pre-payment of monthly top-ups
External payment tracking
Reporting

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.

Alex Buriak, Jet Lending

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.

Stephen Cross, First Circle Financial

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.

Grant Plunkie, Shelter Lending Corporation

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.

Katie F., New Haven

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.

James Grantis, Hosper Mortgage

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!