Flexible Loan Servicing Software for Private Lenders
Save time on your loan servicing processes and prevent human errors by automating calculations, alerts, payments, and more!
Industry Award Winner
Key Servicing Features
Borrower/Investor/Broker Payment Options
Paying or getting paid, we have all the possible options to make your day-to-day payments a breeze:
Post-dated cheques
Cheque printing
PAD/EFT
- Auto-generated
- Warnings and Alerts
- Auto removal for discharged loans
Renewals
Create as many standardized or optional fields as you need.
Renewal Fees paid
- At renewal
- Upon discharge
- As added to Principal
- Spread across any number of payments
Custom Renewal Conditions
Ability to change Interest Types
Prepayments at Renewals
Ability to change Interest Types
Partial Paydown
Automated distribution
Any date and time
Collateral/Blanket Discharges
Investor Replacement (mid-deal)
Whether it’s a strategy, or an occurrence, it all works.
Replace any investor with another at any time
Auto interest adjustment calculation
Holdback/prepayment forwarding
Additional Loans/Draws
Ability to tie draws to Milestones / Repair Schedule
Add custom fees
Existing or new investors
NSF Tracking
- Batch or individual entry
Automatic SMS/Text message alerts to borrowers
Custom NSF Fees
Discharges/Payouts
Discharge / Payout Statement
Discharge / Payout Instructions
Per-Diem calculations
Additional Fee Options
Distribution of Fees
Additional Charges
Ability to charge interest & calculate accrued interest
Record/Schedule/Request payments
Invoicing
Credit Card integration
Investor Statements
Monthly auto-emailed statements
Customized letterhead & content
Mid-Loan Adjustments
Payment schedule changes
Interest changes
Frequency of payments
Reporting
Meaningful reports to eliminate manual processes and give you a complete oversight of the business:
Customizable/filterable loan statuses
Batch letter generation (in separated or single file for easy printing)
- Investor Statements
- Property Insurance Expiry letters
- Property Tax letters
- Borrower / Investor / Shareholder Payment Reports
Monthly Deal Tracker
- Deals reviewed, terminated, committed, funded, etc.
Maturing Loans (30/60/90 days)
Prepaid Interest / Holdback Distribution Reports
Accounting
Annual Borrower Statements
Annual Investor Statements
Reports for issuing T5s
Accrual A/R and A/P Reports
Lender Income Reports (P&L)
Operating & Trust account ledgers
Additional Reserves
Initial reserve amounts
Monthly top-ups
Pre-payment of monthly top-ups
External payment tracking
Reporting
Cut our manual process over 60%
It is custom tailored for our individual needs not only in front and operations but in back and servicing. This software has allowed us to become paper free. I have sat down and talked to many developers in the space. This was the only company that delivered what it said and has the upmost professional team.
The Future of Mortgage Administration
Very user-friendly. Like their slogan says, “For Lenders by Lenders.” As a lender myself, this is a very natural and intuitive software. You can tell that the software is built by a lender.
Mortgage Automator is a game changer!
There are so many features that are great, but the ability to produce so many of our custom documents so quickly has made us super efficient and lifted our game considerably. We can literally turn around a straightforward application in 10 minutes and have a commitment letter sent out. Instructing our solicitor with a file is ultra easy too, as is producing renewal agreements and discharge/payout statements.
The name speaks for itself… and the people are AWESOME!
Mortgage Automator is so user friendly; not much need for training, it is very intuitive to navigate. They are very helpful and super quick to return a call or email. Producing paperwork for us has become so much easier.
Mortgage Automator… Automates!
The Mortgage Automator Platform is relied on as our core loan management database / software. All major features were considered and work as needed, and some custom features have even been developed and implemented based on our company’s suggestions. This software is easily equivalent to 2-3 (or more) additional staff.
Time to be part of industry leading conversations
Top performers are switching to Mortgage Automator to power their entire private lending business and generate all their documents in minutes. It’s time to get ahead of the curve, gain a competitive advantage, and deliver exceptional value to your brokers, lawyers and investors!
300 + happy clients including:
Award Winning Software
Integrations & Partnerships
