PropertyLoan™

Providing Mortgage Loan Services

What happens when a tenant becomes a buyer or an owner becomes a seller?

PropertyLoan allows property managers to provide mortgage loan services for their clients.  With PropertyLoan, you can:

• Provide additional services - expand your property management services to provide mortgage loan capabilities.
• Enhance client relationships - build stronger relationships by supporting your client's mortgage loan needs.

When a lease becomes a purchase, you can “go with the flow” - use PropertyLoan to set up a mortgage loan on the lease register and collect  mortgage payments.

Loan set-up is simple: Enter the terms of the mortgage such as the loan amount, origination date, mortgage duration (in months), interest rate, first payment date, escrow amount, payment due date, grace days and late fee amount. The loan can include a loan-servicing fee, if applicable. The servicing fee can be a percentage or flat rate fee.

PropertyLoan calculates the principal and interest, interim interest (if applicable), and the total payment (including escrow).  An amortization schedule can be generated for the loan. Additional information displayed includes the paid-thru date, maturity date and number of remaining months.

Monthly loan processing: Once the loan is set up, you receive payments and post the applicable transactions. PropertyLoan tracks the mortgage throughout the life of the loan.  Use the PropertyLoan Navigator to tailor reports to show the information you want to see (using the Merlin Report Wizard). PropertyLoan has Mail/Merge capabilities to facilitate communications with clients.

For additional information contact your Account Specialist at (864) 297-7661.