Press Jan 27, 2011

Official Release Notice of The Mortgage Office v1.9.20

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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 latest revisions to the MLDS 882 and MLDS 883 have been implemented and integrated into our document packages.
Daily Interest Rate Adjustment Period. The commercial module now supports daily interest rate adjustments. Selecting this option provides the ability for a loan to have one or more rate changes within a single billing period. The multiple rate changes and charges are detailed at the bottom of the billing statement.
Daily Canadian Amortization. Selecting Canadian Amortization causes the system to calculate interest using the semi-annual compounding basis commonly used in Canada. Prior versions of The Mortgage Office™ made this option only available for periodic interest calculation. You may now select Canadian Amortization for Actual Days as well.
Beneficiary Demand for Payoff Notice. The system now automatically generates an addendum to the Demand for Payoff notice fully itemizing all unpaid charges and other fees.
Drag and Drop Grid Columns. The user can now reorganize the grid by moving columns in a more intuitive way. Simply use your mouse to drag the selected column to a new location. The grid’s column order is persisted between sessions.
Property Insurance Agent Email. An email field has been added to the property insurance agent record. You can now easily send an email with or without attachments to the insurance agent and optionally add it to the loan’s conversation log.
T5 Slip for MIC’s. The MIC (Partnership) module has been enhanced to generate Canada Revenue Agency T5 slip.

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

LONG BEACH, Calif., September 1, 2022 – Applied Business Software Inc., (“ABS”), the leader in loan servicing and origination software in private lending, today announced the release of The Mortgage Office PRO, a significantly upgraded version of their acclaimed desktop software. The Mortgage Office PRO is more flexible, more powerful, and easier to use. It…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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Official Release Notice of The Mortgage Office v1.9.20

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