Graduated Term Mortgages
The Graduated Term Mortgage Module is designed to service any type of step loans; GPM, GTM, GPARM, deferred principle pay down and more! Its flexibility in scheduling loan term changes is powerful and notifications are automatic.
With the Graduated Term Mortgage Module You Can
- Completely automate servicing and reporting requirements
- Schedule loan changes years In advance
- Maintain full itemization of rate and payment changes
- Generate all notices instantly
State and Federal regulations dictate that servicers provide borrowers with timely notices of interest rate, payment and loan term changes. The Graduated Terms Mortgages module automatically generates all required notices.
The Graduated Terms Mortgages module also includes a comprehensive set of management reports to aid in the day-to-day servicing of these loans.
View The Mortgage Office™ Hardware and Software Requirements