LegalOffice has developed Mortgage Manager specifically for New Zealand law firms who operate a mortgage ledger. Whether it be for a nominee or contributory mortgage system, Mortgage Manager is a powerful business tool helping you manage these complex ledgers.
The management console provides a firm wide summary or individual view of your mortgage ledgers with the ability to process interest charges, investor payments, RWT certificates and returns, generate reports and precedents. Whether processing individual or multiple mortgages, the process is quick and easy.
Key features include;
- User defined precedent document or email templates for interest notices and mortgage statements
- Single click charging and distribution
- Automatic payment or reinvestment options
- Undo any charge, distribution or payment easily
- Mortgagor and/or Investor commission supported
- Variable interest rates available for a single mortgage
- Commission charged as a % of the principal, interest or set amount
- Penalty charging with notices supported
- A complete ledger record of interest and commission charges, RWT deductions, distribution transfers and payment transactions.
- Global or individual mortgagor and investor views available
- Withholding Tax deductions, payments and reporting