Are you looking for a complete, fully automated loan production solution? Loan Accountant, an optional add-on package for Loan Producer, gives you automated capabilities that simplify accounting for the loan closing process and saves countless hours of re-keying data. Features include:
- Effectively track fees to ensure that all necessary items are collected and disbursed on time.
- Automatic movement of selected loan fee data from Loan Producer into corresponding destination accounts.
- Automatic
booking of fees to accounts receivable to cover paid items, to accounts
payable to match with corresponding vendor invoices, or directly to
income or expense accounts.
Daily and month-end reports to show the distribution and movement of mortgage fees - Automatic funds distribution by closing cost plan and individual HUD-1 line item
- Automatic funds movement to disbursement clearing account
- General ledger reports and interface capabilities
- Bank account histories and trial balances
- Tracking discount points and origination fees to facilitate the calculation of gains and losses
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