Riverview Community Bank Selects Mortgage Builder as its LOS
Cyber Threats to Sensitive Information a Growing Concern in Mortgage Industry
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Post Closing |
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Shipping, Final Document Tracking & Delivery
Mortgage Builder Software “Post Closing” allows users to generate an onscreen checklist to verify all pertinent information has been received back from the closing agent to be prepared for investor shipping. Easily track conditions and deadlines for final investor requirements. Use our Electronic delivery methods for faster investor purchase. Create a Master cover letter to the Investor, listing all documents sent. Detailed Reports are built into the Mortgage Builder system to track:
Outstanding Documents from Closing Agents
Document Responsible Party Analysis for Post Closing Conditions
Investor Conditions Report after Delivery with Responsible Party Analysis
Final Document Tracking
Warehouse Tracking:
The Mortgage Builder Warehousing screens allow users to manage multiple warehouse lines and calculate warehouse amounts based on individual warehouse bank requirements. The Mortgage Builder Warehouse tracking features include:
Individual or Bulk Pay-downs
Warehouse Journal
Trust Receipt
Daily Activity Reports
Warehouse Downloads
Investor Reconciliation:
The Mortgage Builder Investor Reconciliation section allows users to verify that the amount funded by the investor’s Purchase Advise on the loan is accurate.
Verify that the amount investor added/subtracted from the funding is accurate for the price paid on the loan
Determines if the interest paid/netted out of the funding by the investor is accurate
Determine if the mortgage amount was reduced by the proper amount of principal
Identify if the interest was calculated correctly and the proper amount was netted for the escrow balance
Interim Servicing:
Mortgage Builder’s Interim Servicing module allows users to track the collection of mortgage payments and disbursements of escrow funds along with accepting additional principal payments. The Mortgage Builder Interim Servicing also allows for:
Payoff Letters
Payments Due Reports
Payments Received Reports
Payment Comments for Collections
Individual or Batch Payment Coupons
Payment Receipts and History
Shipping, Final Document Tracking & DeliveryMortgage Builder Software “Post Closing” allows users to generate an onscreen checklist to verify all pertinent information has been received back from the closing agent to be prepared for investor shipping. Easily track conditions and deadlines for final investor requirements. Use our Electronic delivery methods for faster investor purchase. Create a Master cover letter to the Investor, listing all documents sent. Detailed Reports are built into the Mortgage Builder system to track:
Warehouse TrackingThe Mortgage Builder Warehousing screens allow users to manage multiple warehouse lines and calculate warehouse amounts based on individual warehouse bank requirements. The Mortgage Builder Warehouse tracking features include:
Investor ReconciliationThe Mortgage Builder Investor Reconciliation section allows users to verify that the amount funded by the investor’s Purchase Advise on the loan is accurate.
Interim ServicingMortgage Builder’s Interim Servicing module allows users to track the collection of mortgage payments and disbursements of escrow funds along with accepting additional principal payments. The Mortgage Builder Interim Servicing also allows for:
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