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.”
"The best thing that happened to our company"
Mortgage Automator has made it easy for us to grow our business. Without it, we'd be stuck in the spreadsheet era. We now have the ability to procure loan documents at a speed that would have been unbelievable a few years ago. All our documents and deal flow are seamless from receipt of an application to funding and beyond.
“Mortgage Automator is the backbone of my lending business"
Mortgage Automator has evolved over the years to grow with my company. We switched to Mortgage Automator to use the document generation and payment features, now we also use it for report building, automated communications with external clients, (SMS and Email) fund accounting, submission ingestion and internal to-do lists as files progress through the lifecycle.
"Great system"
Ability to create and customize templates Ability to create email templates with pre-set recipients, emails CC'd and document attachments. Incredible time saver Customer service support is helpful and quick to respond Love the feature request board, which allows MA's team to review suggestions from its users and implement the most liked/requested.
"Easy to Use, Simple, Flexible, Intuitive and Great Customer Service"
MA is easy to use, simple, flexible and intuitive. It has the ability to handle many different types of scenarios and transactions, and if a function isn't currently automated, MA always is able to provide a alternative solution in the meantime. The customer service is exceptional. The response time, efficiency and knowledge are beyond industry standard.
"5 Stars, amazing product, excellent service, a must have.
The software works seamlessly with all major lending submission platforms and is extremely user friendly. We have received lots of positive feedback from our broker channel commenting on our quick turn around times and on how easy it is to send us business.
"Great improvement from our previous system"
The Mortgage Automator team was great throughout the entire transition. From on boarding to training and ongoing support. They are always there when we need them. Easy to use and has reduced time to underwrite files. The system is slick and performs all of the tasks we had hoped it would.
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.
