Official Release Notice of The Mortgage Office v1.9.20 Build 006

Press Release from The Mortgage Office

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 1.9.20. 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™

  • The ability to e-mail custom letters to borrowers, lenders, vendors, co-borrowers and funding lenders has been implemented. Fully integrated with Microsoft Word, the easy-to-use Letter Writing Assistant will walk you through the process to print, preview or e-mail custom letters. The e-mail templates are fully user customizable.
  • This update enables you to e-mail system notices such as late notices, insurance expiration notices balloon payment notices, etc. to borrowers and selected co-borrowers. The e-mail templates are fully user customizable.
  • This new option allows you to send a copy of a borrower notice to selected co-borrowers. Depending on the co-borrower’s Delivery option the notice may be printed, e-mailed or both.
  • The Adjustable Rate Mortgage (ARM) module has been updated to support the attaching and e-maling of the Rate and Payment Change notice. The e-mail templates are fully user customizable.
  • The Graduated Terms Mortgage (GTM) module has been updated to support the attaching and e-maling of the Notice of Loan Terms Modifications. The e-mail templates are fully user customizable.
  • A new read-only calculated field has been added to the Construction module to display any unfunded loan amounts.
  • The Trust Account module has been updated to allow the user to quickly view all clients within a trust account. Click on a client to display the client trust ledger with full functionality. Click the “+” or “-” to expand or collapse the client list.
  • A new late charges methodology option has been added to the Loan Servicing module to address California’s definition of late charges pyramiding. This new methodology follows the guidelines as set forth in California Civil Code 2954.4 for determining if a payment should be assessed a late fee. This methodology will not assess a late fee on an otherwise delinquent payment if a previous payment was received within the grace period.
  • The ABS Multipurpose Laser Cheques for the Trust Accounting and Loan Servicing modules have been redesigned to meet Canada’s CPA specifications. The new cheque specifications are a key part of an industry-wide plan to modernize Canada’s cheque clearing system through image technology. The new specifications are designed to ensure that high-quality images can be captured from the cheques for use by financial institutions and their customers, and to make cheque processing more efficient.
  • The latest revisions to the Regulation Z disclosure have been implemented and integrated into the loan origination document packages.

The complete release notice is available for viewing. Please click here to view Release Notice v1.9.20.

Recent Articles

Applied Business Software Inc., Appoints New Director of Business Development

FOR IMMEDIATE RELEASE LONG BEACH, Calif., May 10, 2022 – Applied Business Software Inc., (“ABS”), the leader in loan servicing and origination software in private lending, announced today the appointment of Nate Goodhart as Director of Business Development. This appointment will further develop one of ABS’s foundational goals: identifying needs of customers and providing solutions…
Lightning Docs & The Mortgage Office

ABS Announces integration with Lightning DocsTM, Geraci LLP’s National Loan Document Solution

FOR IMMEDIATE RELEASE LONG BEACH, Calif., November 11, 2021 – – Applied Business SoftwareTM (“ABS”), makers of The Mortgage Office®, leader in loan servicing and fund management software, announced today the launch of an integration with Lightning DocsTM, a proprietary cloud based national loan document generation system, developed by Geraci LLP, the nationwide leader in…
Press Release from The Mortgage Office

ABS Announces the Launch of Their Web-Based Loan Origination Platform for Canada

FOR IMMEDIATE RELEASE LONG BEACH, Calif., November 2, 2021 – Applied Business SoftwareTM (“ABS”), makers of The Mortgage Office®, leader in loan administration and MIC management software, announced today the launch of a fully web-based loan origination system specifically designed for the Canadian market. The Mortgage Office® has been the gold standard in Loan Administration and…
Press Release from The Mortgage Office

Applied Business Software Completes Private Equity Transaction with Lometa Capital Partners

FOR IMMEDIATE RELEASE Applied Business Software Completes Private Equity Transaction with Lometa Capital Partners LONG BEACH, Calif., November 10, 2020 – Applied Business Software, Inc. (“ABS”), the leading provider of loan servicing software to the private lending industry, today announced the closing of a strategic growth investment from Lometa Capital Partners (“Lometa”). Lometa’s investment, made…
Press Release from The Mortgage Office

ABS appoints Jasen Portero as Chief Operations Officer

ABS appoints Jasen Portero as Chief Operations Officer LONG BEACH, Calif., May 5, 2020 – Applied Business Software, Inc., (“ABS”), leader in loan servicing and origination software in the private lending space, announced today that Jasen Portero, its current Vice President of Development for the last 12 years, has been appointed Chief Operations Officer. As…
Press Release from The Mortgage Office

Applied Business Software Announces Exponential Growth in its Services Department

Applied Business Software Announces Exponential Growth on its Services Department LONG BEACH, Calif., March 31, 2020 – Applied Business Software (“ABS”), is excited to announce record growth in the Services Department for the fiscal year 2019. In the 2019 fiscal year, ABS experienced a 38% growth in their newest service: printing, stamping and mailing of…
Press Release from The Mortgage Office

ABS Appoints New Chief Sales Officer

ABS Appoints New Chief Sales Officer LONG BEACH, Calif., December 12, 2019 – Applied Business Software, (ABS), the leader in loan origination and loan servicing software, announced today the appointment of AJ Poulin to Chief Sales Officer, (CSO). Poulin began his career at ABS 19 years ago as a Sales Representative and was later promoted…
Press Release from The Mortgage Office

ABS Announces the Availability of TMO-API© a Cloud-Based Application Programming Interface (API) for The Mortgage Office®.

ABS Announces the Availability of TMO-API© a Cloud-Based Application Programming Interface (API) for The Mortgage Office®. LONG BEACH, Calif., July 9, 2019 – Applied Business SoftwareTM (“ABS”) announced today the availability of a powerful cloud-based Application Programming Interface (API), for its flagship product, The Mortgage Office®. TMO-API© provides a set of easy-to-use definitions and protocols…
Press Release from The Mortgage Office

The University of California Selects The Mortgage Office® as its Loan Servicing Platform

The University of California Selects The Mortgage Office® as its Loan Servicing Platform LONG BEACH, Calif., February 26, 2019 – Applied Business Software Inc. (ABS), developer of The Mortgage Office®, is excited to announce that The University of California has selected The Mortgage Office as its servicing technology to manage its growing portfolio of employee…
Press Release from The Mortgage Office

ABS Appoints New Chief Marketing Officer

LONG BEACH, Calif., August 23, 2018 – Applied Business Software (“ABS”), the leader in loan servicing software for private lending, announced today the appointment of Elizabeth Morales as Chief Marketing Officer. Morales brings over 20 years of leadership and marketing experience. “Elizabeth’s experience in diverse industries gives her an unapparelled edge. Her perspective and strategic…