Loan Servicing Software For Participating Loans
Links Participating Investors To Any Loan
M/BANKER instantly links fractionalized or participating investors and lenders to any loan in LOANLEDGER. Up to 9,000 investors on a single participating loan, with a cap of 2 million investors!
Unique Investor Ledger makes investor or trustor servicing easy with instant snapshot of each investor's portfolio. As transactions flow through LOANLEDGER, investor files are automatically updated, generates investor checks and 1099s at year's end.
With M/BANKER you have your finger on the pulse of every mortgage in the system, including fixed-rate, adjustable, balloon payment and third-party loans. The powerful Investor Ledger feature in M/BANKER gives you an instant overview of any investor's portfolio and holdings.
M/BANKER allows you to assign service fees as flat fees, percent of principal, percent of payment or interest spread. You can also track and accurately calculate service fees by third-party servicer. It handles private and institutional loans, pool functions and quickly calculates and applies all servicing fees.
Software Features
- Two Million Investors Per Loan
- Different Investors Can Have Different Rates of Return
- Links investors to loans (easy fractionalization/participation handling)
- Over Thirty Different Ways to Charge Servicing Fees to Your Lenders and/or Investors
- Includes Various Options to Retain Late Charges, Prepayment Penalties, NSF and other Charges
- Pooling
- Lookup by investor or loan
- Inquiry for linked or non-linked investors or loans
- Over 50 unique linking relationships
- 1099s Either by Direct Diskette or by F.I.R.E. Direct Electronic Reporting
- Produce Laser Checks or, with ACH plug-in, Automatically Pay Your Investors Electronically Via ACH
- Check request report for examining payout data
- Payment automatically updates borrower and investor
- Insightful reports, including:
- Pooling
- Check Preparation Report
- Check Advices to Investors
- Summary Monthly Recap to Investors
- Detail Monthly Recap to Investors
- Investor Portfolio Analysis
- Paid Check Listings for month
- 1099 edits
- FHLMC 308 Detail Audit Backup
- FHLMC 308 Summary Report
- Automatic interface with FHLMC MIDANET
- Investor Mailing Labels
- Warehouse Reports; for loans not 100% sold
- FNMA Reporting for single and multiple family units
Experience a free, personalized loan servicing software demonstration over the Internet.