Other highlighted Secondary Marketing functionality includes:
Assignment of loans as commitments, pools, and packets to enable selling subsections within a commitment.
Best execution and delivery of pooled loans to Midanet, Mornet or GinnieNet.
Rate dissemination.
Locking loans on the system and securing key fields.
Customizable pipeline management reporting and management of trades.
Branch level pricing, risk based pricing, profitability and fallout analyses, and market-to-market and position summaries.
Complete MERS imbedded in the system.
Full tracking (and reporting) of multiple warehouse banks and lines and their allocated loans with user defined criteria.
Payment processing and administration while loans are residing in the warehouse bank.
Standard servicing functions including payment processing, statement generation, escrow disbursement and investor reconciliation.
Construction lending.
Tracking unfunded loans.
Support of lock requests and confirmations with auto-notification capabilities utilizing your choice of lock screens.
Built-in controls to manage lock expirations, renegotiations, and extensions.
Investor specific products and pricing can be maintained via the Product Manager.
Managing pricing to the “street” leveraging unlimited rules for pricing adjustments via the Product Manager.
Web-based loan registrations for immediate feedback to brokers and consumers alike making product and pricing options available 24/7.
Interim servicing that allows for payment collection, escrow disbursements, fee allocations and payoff analysis.
Generation of payment coupon and late notices via batch reporting.
Support of year-end 1098 reporting of interest requirements.
Reconciliation of fees for the loan sale between lender, warehouse bank and investor via the loan sale reconciliation task; all fees can be associated to their appropriate G/L for proper accounting.
Management of the various “wet” and “dry” warehouse bank’s lines of credit with auto-notification when lines are about to be exceeded.
Manage both individual and bulk loan sales via the commitment formation.
Trade maintenance area allows for managing the many to many relationships between trades and commitments with full support of trade “pair-offs.”
