Automate Your Entire Private Lending Business
Save hours of manual work by automating all processes, reducing errors and increasing efficiency.
Book A DemoVS
Traditional Text Based Software
Mortgage Automator Platform
Loan Origination
There's no way to properly receive data, unless written on a paper application. The information may be inaccurate.
Can't be estimated
Receive the deal electronically (via broker software integrations). Get the credit bureau within Automator. You can also add the deal information manually (3-5 min)
The term sheet is issued.
Can't be estimated
The term sheet is issued.
Prepare lawyer instructions manually.
10-15 min with templates
Prepare lawyer instructions manually.
10-15 min per form
Investor information is provided; lawyer instructions and compliance documents are available. All the information is stored in Mortgage Automator.
Figure out the closing date, calculate the interest adjustment, If multiple investors, recalculate interest adjustments. Distribute accordingly to each investor. If there is a servicing fee/spread being charged to the investors, interest adjustment has to be calculated with the spread going to the administrator.
15-20 min
Funds were deposited, the closing date was selected, lawyer distribution or advancing statement is available.
Loan Servicing
Manual input to cash management online or 3rd party EFT platform. Verify and validate all files. Remove all discharged files, add all new files. Update payment amounts, make sure all the numbers are accurate.
From 10 min to a
dedicated employee
dedicated employee
The deal is funded, the payment is automatically set up for pull.
Create a debit file (pull funds from borrowers), select payment period for accrued interest.
Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure all of the numbers are accurate.
Can't be estimated
Generate a credit file and efficiently manage investor transactions. Disburse funds to investors, adjust payments by removing those tied to discharged loans, and allocate new amounts based on recently funded files.
Prepare investor statements each month.
Can't be estimated
Investor statements are sent out automatically.
Calculate per-diems
Calculate penalties
Calculate payout fees
Calculate penalties
Calculate payout fees
15-20 min
Payouts:
Select the requested discharge date, per-diem is calculated automatically
Penalty can be calculated automatically
Payout fees can be calculated automatically
Select the requested discharge date, per-diem is calculated automatically
Penalty can be calculated automatically
Payout fees can be calculated automatically
Recalculate per-diems.
5 min
Prepare discharge distribution breakdown for investors.
10-20 min
Payout date can be modified and per-diem updated automatically, discharge distribution breakdown is ready.
Loan Renewal
Prepare the renewal agreement
Repost all conditions
Re-enter data if the interest rates or fees require updates.
Repost all conditions
Re-enter data if the interest rates or fees require updates.
10-20 min
The original data is prepopulated from the existing loan. Adjust information/loan terms and choose conditions. The agreement is ready.
Loan Origination
VS
Traditional Text Based Software
Over 190 Min
vs
Traditional Text Based Software
Loan Origination
There's no way to properly receive data, unless written on a paper application. The information may be inaccurate.
Can't be estimated
The term sheet is issued.
Can't be estimated
Prepare lawyer instructions manually.
10-15 min with templates
Prepare lawyer instructions manually.
10-15 min per form
Figure out the closing date, calculate the interest adjustment, If multiple investors, recalculate interest adjustments. Distribute accordingly to each investor. If there is a servicing fee/spread being charged to the investors, interest adjustment has to be calculated with the spread going to the administrator.
15-20 min
Loan Servicing
Manual input to cash management online or 3rd party EFT platform. Verify and validate all files. Remove all discharged files, add all new files. Update payment amounts, make sure all the numbers are accurate.
From 10 min to a
dedicated employee
dedicated employee
Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure all of the numbers are accurate.
Can't be estimated
Prepare investor statements each month.
Can't be estimated
Calculate per-diems,
Calculate penalties (if applicable),
Calculate payout fees (if applicable).
Calculate penalties (if applicable),
Calculate payout fees (if applicable).
15-20 min
Recalculate per-diems.
5 min
Prepare discharge distribution breakdown for investors.
10-20 min
Loan Renewal
Prepare the renewal agreement, Repost all conditions, Re-enter data if the interest rates or fees require updates.
10-20 min
Total Time:
Over 190 Min
Mortgage Automator Platform
Loan Origination
Receive the deal electronically (via broker software integrations). Get the credit bureau within Automator. You can also add the deal informatio n manually (3-5 min).
The term sheet is issued.
Investor information is provided; lawyer instructions are available; compliance documents are available as well. All the information is already stored in Mortgage Automator.
Funds were deposited, the closing date was selected, lawyer distribution or advance statement is available.
Loan Servicing
The deal is funded, the payment is automatically set up for pull.
Create a debit file (pull funds from borrowers), select payment period for accrued interest.
Create a credit file. Send funds to investors.Remove investor payments that were supposed to be sent (based on the discharged loans), add amounts for investors based on the new files they funded. Make sure
Investor statements are sent out automatically.
Payouts:
Select the requested discharge date,
Per-diem is calculated automatically.
(If applicable) penalty is calculated automatically.
(If applicable) Payout fees are calculated automatically.
Select the requested discharge date,
Per-diem is calculated automatically.
(If applicable) penalty is calculated automatically.
(If applicable) Payout fees are calculated automatically.
If the actual payout date is different than requested, adjust the date, Per-diem updated automatically, Discharge distribution breakdown is ready.
Loan Renewal
The original data is prepopulated from the existing loan. Adjust information/loan terms if necessary, choose conditions. The agreement is ready.
Total Time:
Under 7 min
Solutions that work, service that cares
95.5
Customer Satisfaction Score (CSAT)
67
Net Promoter Score (NPS)
SourceForge
5/5
150+ Reviews
Capterra
4.95/5
100+ Reviews
G2 Rating
4.95/5
50+ Reviews
“User-friendly software interface and comprehensive features
The Mortgage Automator’s intuitive design makes navigating complex mortgage processes a breeze, even for users with limited technical expertise. Additionally, the robust reporting capabilities provide valuable insights into loan performance and operational efficiency, empowering lenders to make informed decisions.”
"Very integrated software, applicable for small to large companies, exceptional service and support."
Mortgage Automator truly helps ease the process of loan servicing and payment collection. It utilizes a modern interface and becomes relatively easy to use with proper training and time. Many features are very customizable and allow for tailoring the software to fit the customer's needs. The support staff is fantastic and works on a solution almost always the same day. This product can truly give back time to focus on other aspects of your business development.
"Mortgage Automator - highly recommended"
This company offers a great product. It has allowed our company to grow in our daily output through the automation offered. Their customer service has been really great to work with as well and is quickly responsive when we have questions.
"Mortgage Automator has become an essential tool for our business"
Our small team uses it daily to help collect data on new loans and to service funded loans. It is a complex software which we like because we are a very tech savvy team. A lot of customizations allowed which is great for our unique business. The customer service team is also fantastic, they are super responsive and either fix the issue quickly or escalate to back end engineering to implement.
"Mortgage Automator has freed up at least 5-10 hours per week of our loan processors time"
Our company went from using mail merge to put together loan documents that was constantly having formulas broken and spending a ton of time servicing loans and needing to go into 5 different softwares to answer a borrower question to being able to handle everything seamlessly in one system.
"Freed up at least 5-10 hours per week of our loan processors"
I liked that the software is scalable and dynamic. It allows operations both big and small to effectively accomplish their goals. Specifically, the API, Customer Service, the amount of options available, the monthly webinars and the constant new launches available really stood out to me.
"My New Best Friend"
I was nervous about switching from The Mortgage Office to the Mortgage Automator. Once I went through the intense training, I knew I made the right choice. The customer service team answers my questions/problems within a day at most. They're constantly improving the software, listening to their clients, and modifying regularly.
SOC 2 Type II Attestation
Secure & Compliant
SOC 2 Type II certified in accordance with the American Institute of Certified Public Accountants (AICPA) standard. Mortgage Automator utilizes the highest standards of data security and operational integrity, to safeguard every transaction and record entry with rigorous, industry-leading security measures.
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Learn more about how we can automate and transform your lending operations.
