No matter what type of loan you service, Commercial Servicer will provide you with detailed automatic billing statements.

• Interest-Only Billings
  Commercial Servicer will automatically calculate the interest on a daily basis for fixed interest rates or for those rates tied to an index that changes as frequently as daily and consider all transactions which occurred during the billing cycle. Each loan may have a different index, margin and late-charge formula. You can schedule principal reductions for specified periods or at regular time intervals during the billing cycle.

  To forward bills in advance, the system has a "recalculation of last bill" function to ensure that any changes which occurred subsequent to the last billing cycle are accounted for. Invoices can be generated detailing all transactions during the billing cycle and all components of the monthly payment.

  Commercial Servicer's comprehensive construction billing stores all details on-line which allows instant access to all previous billings.

• Amortized Billing
  Commercial Servicer offers you a choice of either in-house generated coupons for a period defined by the user or monthly amortized statements itemizing all figures, including late charges to be applied if the payment is not received within the grace period.

Commercial Servicer eliminates cumbersome payment processing and memorization of transaction codes. The system validates the payment amount and suspends exceptions for separate entry.

Commercial Servicer's exception entry is uncomplicated, has the security options you require, and supports all irregular payment transactions including: odd amounts, adjustments, curtailments, reversals, manual distributions, payoffs, late charges, prepayment penalties and returned check charges.

As each transaction is posted, the loan record and loan history are updated immediately, eliminating batch processing. Interest and service fees are system calculated. Detailed reports make it possible for you to bank receipts daily and to move funds easily between clearing and custodial accounts.

The lockbox system allows companies to upload payments on current and delinquent loans from a transmission file created at the bank. Automatic exception reports that include mismatched payments, odd payments, or any other exception are generated for reconciliation with the bank's control list.

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