Comprehensive Loan Information


Online Processing
Information is available through an Inquiry Menu
and two Report Menus.
Loan data or transaction history is available for any loan at anytime.
Loans can be accessed using the account number or
online search capability.
There are search screens that display or print the information required.
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.
You can print custom letters from MAX in Microsoft® Word format.
   
Loan Histories
Histories may be printed in short form or extended format.
Histories are available for a single account, all accounts,
or a range of accounts.
Histories include details of all transactions cash,
adjustments, and disbursements.
Include the date and type of the transactions, the total
amount and the payment breakdown.
   
Insurance Data
Customer name and address.
Insurance company and agent name and number.
The coverage amount, the premium amount and the due date.
   
Amortization Schedules

Printed or viewed on the screen.

Run for loans on the system based either on the original principal or the current balance.
   
Loan Payoffs
Can be viewed or printed at any time
Can calculate accrued interest to a user specified date
Can include prepayment penalty as a percent or fixed amount
   
Escrow Function
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).
MAX and MINIMAX print all of the required Escrow Disclosure Statements.
   
Investor Balances
Readily available on a real-time online basis from the inquiry menu.
Balances can also be printed.
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.
   
Pool Loan Inquiry and Participant Pool Inquiry

Screens provide the current status of your loan pools and participants.

The participant inquiry screens will show you the full participant name and address with phone numbers, the number of active pools, the total YTD Principal, Interest, Late Charges, and Service Fee.
You may set up over 9,000 pools and over 90,000 participants. While MINIMAX comes with complete investor accounting, only MAX has pooling and participation functions.
   

 

 

2002 Classic Information Systems, Inc.
Web site created by
chasenewmedia