Adjustable Rate Mortgage Loan Servicing
Graduated Payments...Negative Amortization...Lifetime Ceilings and Floors
By adding the MARGIN module, the complex calculations required for adjustable rate mortgages are simply and seamlessly integrated into LOANLEDGER. Specail handling outside of your main portfolio is eliminated.
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- Handles all types of Adjustable Rate Mortgages with or without graduated payments
- Up to 99 user defined indices
- Unlimited scheduled changes with rates, caps and margins for each borrower
- Negative Amortization
- Prohibits rate change until it is due
- Supports period and lifetime ceilings and floors
- Automatic recalculation of next periodic payment
- Scheduled change impending report
- Index availability report
- Dedicated word processor with eighteen notification letters
- Strategic reports that can be incorporated into letters:
- Payoff Demand Letter
- Maturity Notice
- 30 Day Solicitation
- 60 Day Reconveyance Request
- 90 Day Refinance/Rollover Notice
- Request For Full Reconveyance
- Rate and Payment Change Notification
