News & Events
Official Release Notice of The Mortgage Office v1.9.19
3/1/2010
In our continuing effort to provide you with the most technologically advanced and easy-to-use loan servicing and origination software found anywhere, Applied Business Software, Inc. is pleased to announce the latest release of The Mortgage Office™ version 1.9.19. This update contains exciting new features and enhancements that will benefit you and your business. Keep your software current. We are committed to providing you with the most current, feature-rich software available. This commitment involves enhancing the product with new features as well as correcting existing issues. Keeping your software current allows ABS to provide you with the best level of support possible. The following list provides a brief description of some of the new additions and enhancements to The Mortgage Office™ - Compliance with Truth in Lending Final Rule Effective April 1, 2010. The rule requires that lenders establish escrow accounts for the payment of property taxes and homeowners' insurance.
- Reserve and Impound Accounts. The loan terms now allows borrower payments to and from trust (escrow) to be allocated between a reserve and an impound account. The amounts classified as impounds are used by the Escrow Administration module to produce the Annual Escrow Account Disclosure Statements.
- Canada's T5 Recipient Type. The lender’s Tax Payer Information has been enhanced to support T5’s Recipient Type.
- Trust Accounting. We are happy to announce the long awaited release of the latest version of the Trust Accounting module of The Mortgage Office™. Trust Accounting has been completely rewritten from the ground up to include hundreds of important changes, large and small.
The complete release notice is available for viewing. Please click here to view Release Notice v1.9.19.
|
Sorry, but we cannot find the article you are looking for.
Please try again.
Return to News and Events | Expanded view