Loan Servicing Software for Private Mortgage Lenders
The leader in loan servicing software: The Mortgage Office® is a powerful, flexible and easy to use suite of loan servicing solutions. Using our comprehensive core loan servicing products and robust add-on modules, you can custom build the most powerful and personalized loan servicing software solution for your business. Easily manage any number of loans. Streamline and automate all of your current loan servicing tasks. Here are some of the features:
- Assign unlimited funding sources per loan
- Precisely track loan charges and advances
- Quickly process payments using many flexible options
- Generate emails for borrower bills and statements with the click of a button
- You can easily store any document with a fully integrated document imaging and management system
- Schedule one-time, recurring or event-driven loan reminders
- Automate numerous tasks including check printing and distribution between funding sources
- Easily download the latest ARM index rate values directly into the system
- Escrow administration features meet or exceed RESPA requirements
- Fully integrated letter writing with Microsoft Word
- Control user access with our powerful user security and permission management system
- Electronically collect borrower payments and directly deposit funds to your lenders via ACH
- Print, manage and e-file 1098, 1099-INT, 1099-MISC and Canadian T5 tax forms
- Integration with QuickBooks™
- Eliminate wasted time, effort and unnecessary errors!
- Easily handle loans with default rate interest parameters and conditions.
Our automated software tools make it easier to scale your loan servicing capacity. The entire system is powerful, flexible and incredibly simple to use. The Loan Servicing Software module will help you streamline the complete lifecycle for managing large portfolios without introducing more labor costs.
Loan Origination Software
Originate loans funded by private lenders. Comply with the multi-lender regulations for fractionalized loans.
- Generate loan documents, from processing to closing
- Speed up the escrow process and save underwriting time
- Better manage your loan pipeline and forecasting
- Create your own documents, or modify existing documents
- Integrated support for the Mortgage Call Report
- Easily create custom documents
- Easily send your documents out for e-signature
- HMDA reporting ready
- Pull credit reports
- Uniform Residential Loan Application (URLA)
- Create your own loan processing workflow
- Online loan application portal
The Loan Origination module is designed to let you close more loans, in less time, with fewer staff. Automating much of the mortgage origination process helps you achieve greater efficiency, even with your own customized documentation and processes.
Mortgage Pool Software
Automate the management of pools, partnerships, REITS, mortgage funds, LLCs, MICs, and non-performing loan pools. Professionally designed, accurate, up-to-the-minute partnership statements. Take your business to the next level.
- Service an unlimited number of pools and partners
- Easily accept partner investments, issue distributions and process withdrawals
- Produce on-demand professional pool statements
- Run year-end reporting, including Section J of the IRS Schedule K-1, 1099-INT, etc.
- Automatically email borrower bills and statement, and process payments quickly and flexibly
- Handle documents with a fully integrated document imaging and management system
- Schedule one-time, recurring or event-driven loan reminders
With the Mortgage Pool Servicing Module, you can determine the value of the pool at any given date while taking into account loan payments, advances, accrued interest, late charges and deferred interest. All of this functionality in one tool gives you great leverage to manage pools with less time and greater accuracy.
Trust Accounting Software
Manage escrow and impound trust accounts, REO properties, real estate transactions and borrower-deposited funds. Reconcile your trust accounts to your bank statement easily and automatically.
- Handle, control and account for all trust monies received
- Maintain any number of trust accounts with unlimited clients (sub-ledgers)
- Generate reports, reconcile bank accounts, issue checks and disburse funds
- Process deposits and adjustments, handling both computer-generated and handwritten checks
- Generate the Trust Status Report (CA-DRE RE 855) and Trust Bank Account Reconciliation (CA-DRE RE 856)
The Trust Accounting Module meets or exceeds currently established legal and accounting standards. It also complies with Federal and State regulations including CA-DRE and B&P code, making it easier to stay in compliance with statutes and regulations that govern trust accounts. This tool gives you the control you need over trust accounts to ensure the health of your business, while taking the tedium out of compliance necessities associated with trust accounting.
Escrow Administration Software
Meet the accounting and reporting requirements set forth by the Federal Real Estate Settlement Procedures Act (RESPA). Automate the maintenance of escrow accounts on behalf of borrowers.
- Collect and track escrow payments
- Schedule escrow payables and manage timely payments of escrow obligations
- Quickly produce Annual Escrow Account Disclosure Statements
- Cover unanticipated disbursements, and handle shortages, surpluses and deficiencies
- Eliminate all of the complicated tasks involved with complying with federally mandated regulations
The Escrow Administration module lets you automate the whole process of maintaining escrow accounts, letting you produce disclosure statements in seconds. It’s just one more tool in The Mortgage Office® suite of comprehensive mortgage software solutions.
Additional Software Modules
- ACH Express
- Adjustable Rate Mortgages
- Collateralized Mortgage Obligations
- Construction Loans
- Consumer Credit Reporting
- DRE Reporting
- Financial Calculator
- Graduated Term Mortgages
- Heloc / Revolving Credit
- Web Publishing Central
- Loan Servicing iPad App
The Mortgage Office Testimonials
Saxe Mortgage Company
Gene Kristul
"We have been working with ABS for over seven years and are very pleased with their product, service and support! "
President
Capital Finance Corporation
Peter Jorgensen
"We have been using The Mortgage Office software since 2005 and find it an indispensable tool in our daily loan origination process."
Partner
Zinc Financial
Todd Piggot
"We utilize The Mortgage Office to track our extensive loan portfolio. This software has simplified the task of servicing our loans and we are able to view projections, payments, and payoffs with ease. The Mortgage Office increases productivity while allowing our loan officers to spend more time creating lasting relationships with our clients."
Principal
The Norris Group
Rhonda Van Buren
"We use the Loan Servicing Module and the Escrow Origination Module. Program is user friendly and I enjoy using this program. No software is perfect, but for what we need to do with our company this program beats any other. Inputting loans is quick and efficient and easy to use. Would be nice to mail merge forms easier in Word rather than in VBS format. I think that was changing in new program release? In Loan Servicing, we have enjoyed using the ACH Module for payments rather than processing one by one! Some of the lookups could be easier but I hear with the new program coming that will be there. We do use existing borrowers, so it would be nice to have borrowers setup as lenders are with their accounts, but we just get around it by using an existing loan or template when typing a new loan. But, we cannot sort of have a single profile for borrower as lenders do. Overall, we do like the program and the customer service given is great, if we run into a problem or situation."
Loan Processor
Blackburne & Sons Realty Capital Corporation
George Blackburne
"Blackburne & Sons has been using The Mortgage Office to service our portfolio of hard money commercial first mortgages for over 15 years. We could not run our company without it. Others will tell you the same thing. But here's a story of heroism and loyalty. About 11 years ago we somehow crashed our software due to our own error. The monthly check run was coming up, and we were serious trouble. The two owners of The Mortgage Office worked 15+ hours per day on Friday, on Saturday, and on Sunday ... and they somehow retrieved our data. I genuinely love the folks at Applied Business Software. They literally saved my 33-year-old company."
President
Ventana Capital
Jared Waldman
"I've been in the mortgage business for over twenty years and have had the opportunity to use several software solutions available to the industry. There is nothing out there in the marketplace that can really compare to The Mortgage Office. It’s extremely powerful and easy to use. If you’re new to the business the software will keep you within the proper guidelines of both law and practice. If you’re an experienced mortgage broker, you will have the flexibility to configure the day to day operations to your own way of doing things. The customization is almost limitless. There is no report that I can’t generate. If it’s not in the many templates provided, I can create it with the available tools. In addition and often overlooked until it’s too late, the backup and security tools are fantastic!"
President
Pelorus Equity Group
Jennie Vaughn
"I've been using The Mortgage Office for the past 14 years but our company owner has been using the software since it was first created. In the last 14 years since I've worked with the software, we've utilized many of the modules offered: Loan Origination, Loan Servicing, Trust Accounting, Default, ACH, Mortgage Pool Servicing and the Tax Form Management and Printing. It's convenient to have a single software program that fits so many needs. An especially favorite feature of mine is ability to create and personalize forms and templates; that is a huge time saver for me! I find the software to be very user friendly and the technical support staff is also friendly and patient - I've learned lots from them! I honestly can't imagine using any other software nor do I want to!"
Operations Manager
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Applied Business Software, Inc. (ABS) encompasses over 40 years of system design, product development, customer service, and technical support into the industry’s most comprehensive and user-friendly loan servicing software. The Mortgage Office® was carefully designed and developed to serve companies of any size, from large lending institutions to small independent offices.
ABS is the market leader of powerful software systems to the lending industry. We have a keen understanding of the technological challenges and regulatory issues facing our clients and have carefully designed our systems to exceed their expectations.
ABS Team Members pride themselves on constantly improving and enhancing our products. The design, development, and support of all ABS software systems takes place at our headquarters in Long Beach, California. This continuity ensures quality, performance, and communication that are second to none. Our continually expanding network of satisfied customers across the globe is proof that ABS is fully committed to being the leader in the lending software market for decades to come.
Associations
- National Private Lenders Association
- American Association of Private Lenders
- California Mortgage Association
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Stay Informed About Private Lending
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