From $100,000 to $100M in 2 Years
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For Mortgage Administrators
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Automate and Simplify In-House Servicing
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Comprehensive reporting and statements
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Seamless deal administration
All features you'll need to manage your private lending business:
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Customizability
- Input or generated fields
- Deal & contact level custom fields
- Custom workflows & communications
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Flexible Investor Payment Schedules
- Full or partial interest
- Sub-investors
- A-B-piece (tranche loans)
- Referrals
- Management Fees
- Tax withholding for foreign investors
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Payment Handling
- Automator Pay (EFT / Direct Debit VISA)
- Automated PAD
- Deferral / Capitalization
- Credit card processing
- Estimated fees
- Partial payments / Over-time collection
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Flexible Borrower Payment Schedules
- Weekly, bi-weekly, semi-monthly (flexible dates)
- Quarterly, prepaid (partly or fully)
- Accrued / Postponed (until next draw)
- Capitalized (daily, monthly, etc)
- Interest adjustment paid at funding
- or regular payment date
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Customized Auto-Generated Documentation
- Commitment
- Lawyer instructions & distribution calculations
- Admin / Servicing agreements
- Welcome letters
- Renewal docs
- Discharge statements & distribution instructions
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Upload & Reference Documents Easily
- Document Upload Portal
- Broker document transfer
- Upload via a white-labeled URL
- Broker Portal
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Team Management
- Custom roles & permissions
- Management reporting
- Employee performance tracking
- Cross-functional task management
- Custom automated communication triggers
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Automated Workflows
- Create tasks automatically based on various criteria
- Auto assignments
- To-do list with due dates
- Advanced loan sub-statuses based on task completion
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Renewals
- Renewal fees (paid at renewal, upon discharge, added to principal, added to outstanding charges, spread across any number of payments)
- Custom Renewal Conditions
- Prepayments at Renewals
- Ability to change Interest Types
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Reports
- Exportable dashboards (in Excel)
- Batch letter generation (in a separated or single file for easy printing)
- Borrower / Investor / Shareholder Payment Reports
- In-Progress / Funded / Discharged loan tracker
- Maturing Loans (30 / 60 / 90 days)
- Prepaid Interest / Holdback Distribution Reports
- Custom reporting available
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Accounting & Tax
- Annual Borrower / Investor Statements
- Reports for issuing T5s
- Aged Receivables Report
- Accrual A/R and A/P Reports
- Lender Income Reports (P&L)
- Operating & Trust account ledgers
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Discharges
- Discharge statements
- Discharge instructions
- Per-Diem calculations
- Power of Sale module
- Distribution of fees
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Payment Options
- Post-dated cheques
- Cheque printing
- Auto-generated PAD / EFT
- Automator Pay (direct debit VISA)
- Credit card payments
- Automated warnings and alerts
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NSF Tracking
- Batch or individual entry
- Automated SMS notifications
- Emails to borrowers (with signed NSFletters attached)
- Custom NSF fees
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Payment Tracking
- Batch or individual entry of payments
- Automated SMS notifications
- Emails to borrowers (with late notices attached)
- Generate Statements of Account & Invoices
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Partial Paydown
- Automated distribution
- Any date and time
- Collateral / blanket discharges
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Additional Loans / Draws
- Ability to tie draws to Milestones
- Add custom fees
- Existing or new investors
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Investor & Borrower Statements
- Monthly auto-emailed statements
- Customized letterhead & content
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Investor Replacement (Mid-Deal)
- Replace any investor anytime
- Auto interest adjustment calculation
- Holdback / prepayment forwarding
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Mid-Loan Adjustments
- Payment schedule changes
- Interest changes
- Frequency of payments
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Additional Charges
- Ability to charge interest & calculate accrued interest
- Record / Schedule / Request payments
- Invoicing
- Credit card integration
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Additional Reserves
- Initial reserve amounts
- Monthly top-ups
- Pre-payment of monthly top-ups
- External payment tracking
- Reporting
- Apply reserves towards monthly payments
... and more!
Interested in learning more?
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Trusted by 400+ happy clients
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Schedule A Demo Today
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