Loan Servicing Software For ARMs
Adjustable Rate Mortgages
Although Adjustable Rate Mortgages (ARMs) make home purchases more accessible to your customers and prospects, they increase loan servicing complications. Calculations of varying indices, caps, margins, posting dates, negative amortization and graduated payments can produce end-of-period nightmares, as well as potential liabilities.
Regardless of the type or complexity of an ARM, MARGIN simplifies loan servicing. With MARGIN, your ARMs no longer require special handling outside your main portfolio. With or without graduated payments, all types of ARMs can be integrated into the LenderSuite environment.
To aggressively compete in the fast-paced ARM market you need a state-of-the-future system to manage information and that's exactly what MARGIN does.
Software Features
- Handles all types of adjustable rate mortgages with or without graduated payments
- Up to 99 definable indices
- Unlimited schedule changes with rates, caps and margins for each borrower
- Handles negative amortization
- Self-checking feature 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:
- 18 notification letters, including 10 customizable letters
- Over 50-item library can be extracted for use in letters
- Payoff Demand Letter
- Notification to borrower of pending interest rate and payment change
- Maturity Notice
- 120-day notice of balloon payment coming due
- 90-day Refinance/Rollover Notice
- 60-day Reconveyance Request
- 30-day Solicitation
- Request for Full Reconveyance
Experience a free, personalized loan servicing software demonstration over the Internet.