The Loan Custodial Module (LCM) automates the accounting and reporting requirements for notes sold to investors. LCM controls the entire process, including the integration of borrower payments, allocation and reconciliation of funds to investors, tracking of remittances from custodial accounts, and the production of reports.

LCM features accounting and reporting for investors such as:

Freddie Mac (FHLMC) Small Business Administration (SBA)

Fannie Mae (FNMA) State housing authorities

Ginnie Mae (GNMA) … and other investors

LCM Key Features

• Multiple Accounting and Remittance Methods, including Net Yield, Schedule/Schedule, Actual/Actual, Schedule/Actual, and Actual/Actual (365)
• Automatic Posting to Principal and Interest Custodial Accounts
• Automatic Posting to Taxes and Insurance Custodial Accounts
• Remittance Tracking
• Automatic Calculation of Funds Owed to Investor from Payoffs
• Reporting by Investor, Remittance Type, Pool
• Automatic Investor Reporting
• Reconciliation Reporting for Mortgage Backed Securities (MBS)
• LCM Reports
  • Daily reports are generated by investor for a summary of funds transfers. -
  • Investor reports are automatically printed each period at the time designated. The reports include a recap of all transactions for the period and reconciling reports for custodial accounts.