Variable Rate Mortgage Loans Servicing
Servicing Flexible Rate Mortgages
Today there is no such thing as a "standard" mortgage. Maintaining your competitive position requires you to offer a variety of financing options that address individual needs. Your business tools need to be dynamic as well. That's why we created mortgage servicing software module FLEX-RATE.
Floating rate mortgages can vary daily; you need this sophisticated floating rate mortgage servicing software module to keep up. FLEX-RATE calculates interest from due date to due date and adjusts payments as necessary.
FLEX-RATE provides you with full-floating actuarial payments and late charge amounts when you need them, with the precision and sophistication that inspire confidence. We design our systems to be state-of-the-future to help you maintain control of the complex mortgage environment.
Software Features
- Complex calculations for payoffs and monthly payments made easy
- Fulfills floating rate actuarial requirements
- User defined minimum and maximum rates
- Handles daily rate fluctuations between due dates
- 99 different indices
- Automatically adjusts payments and late charges
- Interest collected on actual days between due dates automatically allowing for leap years
- Produces interest calendar for multiple years
Experience a free, personalized loan servicing software demonstration over the Internet.