FICS - Mortgage Servicer Reports

This text is replaced by the Flash movie.



		Investor Reporting Mortgage Servicer supports all industry-standard reporting methods recognized in the secondary market today. Hundreds of investors and reporting groups can be established, each with their own reporting method. For Fannie Mae, Ginnie Mae, and other types of private security pools, or participation loans, hundreds of separate security holders or participants are allowed. Each security holder or participant may have a specified remittance rate based on individual yield requirements or a pro-rata share for either a regular or guaranteed pass-through. All reports associated with the chosen reporting method including reconciliation, remittance, delinquency, prepaid reports and trial balances are provided. The system allows single or multiple cycles and cutoffs, as well as interim remittances to investors. Specialized accounting reports for Fannie Mae, Freddie Mac and Ginnie Mae are system generated. As additional support for these investors, comprehensive files of accounting and remittance information are created for transmission to Fannie Mae's MORNET® system, Freddie Mac's MIDANET® system, and to Ginnie Mae. Security holder remittance vouchers and checks are calculated and produced along with a check register and other reconciliation reports. Mortgage Servicer also provides a special on-line capability which allows you to quickly review such data as group totals, trial balances, and 30-60-90 day delinquencies.
Year-End Reporting Mortgage Servicer simplifies year-end reporting with a three-step process. The system creates year-end statements, stores year-to-date information in a permanent history record and clears the year-to-date fields for the next year. Select the option to create or correct your 1098s and 1099s, either in printed form or on magnetic media for electronic transmission to the IRS, and produce year-end statements for borrowers, security holders and participants in printed form. Perform escrow analysis and produce coupons. Our year-end reporting function gives substance to the phrase "as easy as 1-2-3."


	Copyright © 2008 Financial Industry Computer Systems, Inc. All Rights Reserved