Loan Servicing System (LSS)
MC Software provides a comprehensive loan servicing solution. Investor reporting, payment processing, Dodd-Frank compliant coupons and monthly statements, escrow accounting/analysis, collection system, late notices, bankruptcy reporting, foreclosure tracking, modify audit trail, comments section and payoff are some of the items included. Reporting includes investor, management, report writer tool, credit bureau and IRS.
The Servicing package handles all types of real estate loans having various interest rates, terms, and repayment methods. Companies with large commercial loans in the hundreds of millions, companies with 150,000 loans to a company with only 100 loans. The software handles the collection of escrow funds and funds for reserves for replacement. The Servicing package offers an efficient Collection package, Bankruptcy and Foreclosure Control, and escrow analysis.