LegalOffice’s Mortgage Manager is designed specifically for New Zealand law firms managing mortgage ledgers – whether for nominee or contributory mortgage structures. It’s a powerful tool that simplifies the administration of complex mortgage transactions and compliance obligations.
The management console offers both firm-wide and individual mortgage views, enabling you to efficiently process interest charges, investor distributions, RWT certificates and returns, and generate reports and precedents. Whether working with a single mortgage or in bulk, processes are streamlined for ease of use.
Key Features:
- Customisable document and email templates for interest notices and mortgage statements
- One-click interest charging and investor distribution
- Automatic reinvestment or payment options
- Easy reversal of charges, payments, and distributions
- Support for investor and mortgagor commissions
- Variable interest rates within a single mortgage
- Commission options: percentage of principal, interest, or fixed amount
- Penalty interest charging with notice generation
- Full ledger history of all charges, deductions, and transactions
- Global and individual views for both mortgagors and investors
- Withholding Tax (RWT) deductions and options to upload to the NZ IRD