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

Servicer Updates

  • 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

Reporting

  • 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

Subledger Tracking

  • 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

Cash Activity

  • 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

P&L 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

Add-ons

Claims

  • 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

Servicer Surveillance

  • 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

Cash Flow Projections

  • 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