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Comprehensive Loan Information
| Online Processing |
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Information is available through
an Inquiry Menu
and two Report Menus. |
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Loan data or transaction history is available
for any loan at anytime. |
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Loans can be accessed using the account number
or
online search capability. |
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There are search screens that display or print
the information required. |
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Virtually all of the information contained in
the loan records can be viewed on your terminal or printed to
either a local or server printer. |
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You can print custom letters from MAX in Microsoft®
Word format. |
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| Loan Histories |
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Histories may be printed in short
form or extended format. |
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Histories are available for a single account,
all accounts,
or a range of accounts. |
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Histories include details of all transactions
cash,
adjustments, and disbursements. |
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Include the date and type of the transactions,
the total
amount and the payment breakdown. |
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| Insurance Data |
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Customer name and address. |
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Insurance company and agent name and number.
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The coverage amount, the premium amount and
the due date. |
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| Amortization Schedules |
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Printed or viewed on the screen.
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Run for loans on the system based either on the
original principal or the current balance. |
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| Loan Payoffs |
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Can be viewed or printed at any time |
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Can calculate accrued interest to a user specified
date |
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Can include prepayment penalty as a percent
or fixed amount |
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| Escrow Function |
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MAX and MINIMAX comply with the HUD
standards for escrow processing (24 CFR PARTS 203, 234, AND
3500 REAL ESTATE SETTLEMENT PROCEDURES ACT (REG X) ESCROW ACCOUNTING
PROCEDURES; FINAL RULE). |
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MAX and MINIMAX print all of the required Escrow
Disclosure Statements. |
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| Investor Balances |
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Readily available on a real-time
online basis from the inquiry menu. |
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Balances can also be printed. |
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You can display all significant amounts including:
principal, escrow, late charges, unapplied, Principal & Interest,
YTD interest charged, YTD interest received, total payments,
escrow interest accrued and escrow interest posted. |
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