Servicer Updates & Accounting

Ensure loan data is accurate and up-to-date on a daily basis. Forecast remittance payments to validate expected payments are received. Normalize data across multiple servicers to provide consistent reporting and analysis.
 
Generate loan-level journal entries for purchases, sales, and monthly remittances. Track daily loan P&L from interest accrual, mark to market, or amortization of purchase premium.

Product Highlights

  • ► Accept servicer remittance files in multiple formats through automated integrations

    ► Keep loan info up-to-date with latest servicing data

    ► Forecast P&I payments and reconcile against the servicer’s report

    ► Track monthly servicing updates for securitized loans

Servicer Updates

  • ► Report on portfolio rolls, speeds, and delinquency trends

    ► Track payment, modification, loss mitigation, bankruptcy, and foreclosure histories at a loan-level

    ► Properly categorize advances and expenses

Reporting

  • ► Maintain a Chart of Accounts specific to your General Ledger

    ► Hold loans in multiple entities and cost centers

    ► Generate Balance Sheet and Income Statement reports

    ► Deliver journals to downstream subledger systems

Subledger Tracking

  • ► Automatically generate journals for loan purchases, sales and monthly remittance updates

    ► Manage inter-entity transfers and book resulting journal entries

    ► Enter and allocate cash receipts from servicers

    ► Reconcile loan-level cash activity against the servicer’s cash receipt

Cash Activity

  • ► Load daily marks and automatically calculate unrealized gain/loss entries

    ► Perform month-end accretion of purchase premium for loans held for investment

    ► Calculate daily interest accrual

P&L Activity

Add-ons

  • ► Manage seller putbacks, premium recaptures, and repurchases

    ► Automatically initiate a claim when an EPD or PR clause is breached

    ► Clear conditions with the seller

    ► Sign funding schedules powered by DocuSign

Claims

  • ► Ensure servicing errors are caught and remediated in a timely manner

    ► Generate exceptions if any rules are violated upon loading servicing files.

    ►Enable self-service by allowing servicers to provide comments and SLAs on exceptions via Connect portal

Servicer Surveillance

  • ► Run cash flow projections on pre-settled and inventory loans

    ► Calculate loan-level IRR and book yield on any loan instantaneously

    ► Re-calculate cash-flows automatically when purchasing loans and applying remittances

Cash Flow Projections