Features

• Service and Report on Reverse Mortgages
• Principal Limit Calculations
  • Loan Types of Term, Modified Term, Tenure, Modified Tenure, Line of Credit
  • Grow the Principal Limit
  • Servicer Fee Set Aside
  • Repair Set Asides
  • Recalculate New Payment Plans
• Transactions
  • MIP, Servicing Fee
  • Scheduled & Unscheduled Disbursement
  • Repairs
  • T&I
  • Remittance Amounts
• Annual and Monthly Adjustable Mortgage
• Monthly Interest and MIP Accrual
• Automate Interest Rate Adjustments
• Ability to Back-Up and Re-Run One Loan for Several Months
• Transaction History
  • All Transactions Saved
  • View Transactions On-Line
• Automatic Payoff Calculation
• HECM Cross-Reference by
  • Loan Number
  • Mortgagor Social Security Number
  • Mortgagor Name
  • Property Address
  • Sub-Servicer Loan Number
  • FNMA Loan Number
  • FHA Loan Number
• For Reverse Mortgage Origination, use Loan Tracking and Expanded Loan Tracking

Reporting

• FNMA Reports including Loan Activity & Summary, Schedule A, Payment Change Report
• Borrower Statements
• Interest Rate Change Letters
• With Origination Modules
• HECM Worksheet
• Loan Submission Schedule
• Line of Credit Statement