Construction Loan Management
for Mortgage and
Banking Companies and Builders
Copyright
1992-2002 by M. George Walters
Marketed by PerformSoft™
Take control of the construction loan processing
for your bank or mortgage company with CLM. This uniquely featured
Construction Loan Management Software takes off where similar packages end
with features like:
Split-billings between owner’s escrow and
builder’s interest where needed.
Savings to borrowers through non-interest
bearing equity injections use and tracking.
Master builder and subcontractors draws
controls within each loan.
Batch processes for catching cost overruns,
expirations, extensions and late fee charges.
Linking first and second mortgages for total
costing.
Complete control over locked and floating rate
loans and caps.
Whether a small bank or mortgage company
processing a few hundred loans a year or a large mortgage banking or
construction company doing thousands per year, the service fee based software
keeps costs in line with your size and growth.
Standard Features
Loan Financial Details Information Management.
Loans Sold and Warehousing Management.
Borrower and Property Information Management.
Vendor Information and State Licensing Control.
Master and Sub-Contractor Draws Management and Check Printing.
Borrower and Builder Payments Management.
Inspector, Inspection Fees, Inspection Templates and Loan
Documentation Tracking.
Construction Loan Check Printing and Statements Generation in
batch or single mode.
Accounting Interface to Mortgage Loan Holder.
Multi-banking interface for dealing with numerous banks as a
Mortgage Company.
Stored procedures interface for files shared with
mortgage servicing applications (follows FHA and FRE standards).
Archiving for historical referencing to rolled over loans.
Enterprise Extensibility
A carefully crafted set of control tables enable
users throughout the enterprise to see what they need at a glance. Some of
these tables may be shared with other applications. Tables include:
Loans and all
costing: Tracks all costing applied from closing to final
modification and sale or warehousing. Includes specific information needed for
FNMA loans sold in advance.
Borrower
Statements: Maintains history of all statements detail.
Borrowers
Payments: Tracks current, 30-60-90, year to date, late fees,
extension and expiration fees, last year and loan to date.
Vendor Ledger:
includes builders, self-builders, title companies, inspectors, etc., who
receive money during the construction loan process.
Inspectors
Tables: includes inspectors licensing information and billing, draw
requests and payments tracking by loan number and/or by inspector ID.
Branches
Offices: allows reporting on performance.
Loan Officers:
allows reporting on performance.
Floating Rates:
applies rates to interest charges at the break points within a month where the
rates change.
Multiple Banks:
Tracks banks by ABA where the software requires draws from more that one bank
and allows pre-printed check numbering control (optimized for HP Printers).
Technical Features
Customizable ODBC file structure for easy use
of external reporting tools and information sharing with other departments.
Current MS SQL OLEODBC client/server, combining table and query structures
through ADO.
Low server platform overhead and runs on
Novell and NT /2000 servers.
Source Code in Delphi 6 and Apollo 6 for
high-speed client server file management and access. Delphi 6 offers
compiler interface with Borland Kylix for Unix Servers, and MS SQL, CGI and
XML server for Web Servers.
![[Company Logo Image]](images/pslogo_150x49s.jpg){kind=small}
