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Investor Reporting

Commercial 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 Ginnie Mae, participation loans, and other types of private security pools, unlimited separate security holders or participants are allowed. Each security holder or participant may have a specified remittance rate based on individual yield requirements, or may be remitted to a pro-rata share for either regular or guaranteed pass-through.

With Commercial Servicer you have the ability to design and create customized Investor Reporting. The reporting menus allow users to assign different reporting and remittance criteria along with individual participant or security-holder information. The system produces remittance, delinquency, prepaid reports, trial balances and allows single or batch reporting cutoffs, as well as interim remittances.

Commercial Servicer also provides you with the ability to quickly review such data as group totals, trial balances and delinquencies.

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. The Commercial Servicer system also automatically produces 4 CMSA electronic files and 3 reports so you can inform trustees quickly and easily .

Periodic Reporting

Financial Statement Tracking
Commercial Servicer provides you with the capability to record, analyze and track periodic financial statement information. Whether your requirements are for monthly, quarterly or annual updating of information, Commercial Servicer records the type of information you need and keeps an on-line history of the financial statements.

Year-End
Commercial 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 next year.

  • Select the option to create or correct your 1098s and 1099s, either in printed form or on
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    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 payment coupons.

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