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Application Tracking

·    Entry and tracking of deal applications.

·    Application check list monitoring.

·    Automated link of application data to deal servicing at closing.

·    Tracking of offering and closing data.

Flexible Servicing Support

·    Tracking of the complete payment stream (e.g. annuity or lottery) for an individual.

·    Support for multiple deals for one individual.

·    Tracking of payments purchased by other structured settlement purchasers.

·    Support for varying payment periods (lump sums, weekly, bi-weekly, monthly, annual, quarterly, non-guaranteed life time payments).

·    Complete amortization of deals, including negative amortization and monthly compounding.

·    Collection of payments by lock box, ACH draft, or wire transfers.

·    Automated processing of pass thru amounts via check, ACH, or wire transfers.

·    Collateral tracking for an unlimited number of collateral types.

·    Tracking of tax withholdings for lottery payments, with independent tracking of borrower payments and tax payments.

·    User defined fee processing, with unlimited fees per deal.

·    Cash and non-cash payment processing.

·    Real-time transaction reversals, with the ability to auto-generate new transaction entries.

·    Transaction date, effective date, and actual due date processing.

·    Deal sales and transfer support, with unlimited investors per deal, and multi-level reporting.

·    Financial reporting by deal and investor.

·    Suspense balance processing.

·    User-defined payment application sequences by division and/or deal (e.g. principal, interest, fees).

·    Escrow processing with unlimited escrow balances per deal.

·    User defined fields available.

Extensive Deal Information   

·    Multi-company and multi-division support.

·    User-defined deal type templates with automated processing based on deal type.

·    Servicing Agents.

·    Address changes, with mail forwarding functionality.

·    Bank accounts.

·    Borrowers, with multiple borrowers allowed per deal.

·    Collateral.

·    Collections information.

·    Pass Thru accounts.

·    Fees.

·    Insurance policies.

·    Investors.

·    Pending changes.

·    UCC filings.

Multi-Basis Accounting

·    Financial reporting on a statutory, GAAP, tax, or other user-defined basis.

·    Cash and accruals accounting, with multi-basis reporting.

·    Extensive reporting, including accounting, regulatory, and investor reports.

·    Cash receipts, transaction, delinquency, trial balance, and other key reports.

·    Month end recording of key deal status information.

·    Automated interfaces to external general ledger system, with user-defined filters and account numbering.

·    Support for year-end tax filings and UCC filings.

Delinquent Deal Monitoring and Restructuring

·    Multiple options for the automatic calculation of late charges.

·    Bankruptcy tracking.

·    Multiple types of holds for a deal.

·    Collections support with the auto generation of delinquency letters.

·    Automated integration with Workflow Management sub-system for additional delinquency tracking features.

·    What-if restructuring support that includes the automated deferral or capitalization of interest, and the ability to automatically apply your approved changes.

·    Automated support for workouts and write-downs.

Investor Tracking and Reporting

·    Unlimited investors and/or participants per deal.

·    Up to three levels of investor participation (e.g. company, product line, product).

·    Extensive financial reporting by deal and investor.

·    Financial transactions and month end accrual information by investor.

·    Deal sale and transfer history.

·    Option to securitize the deal information into multiple trusts / pools.

·    Cutoff balance calculations and cash flow reporting for the securitized data.

Powerful Sub-Systems at No Additional Cost

·    Automated workflow management support, with user-defined action queues.

·    Image and document management, with the ability to view images and documents online.

·    Contact management for the people and organizations associated with your portfolio.

·    Extensive change audit control that tracks what changes were made, by whom, and when.

·    Integrated ReportWriter™ for ad hoc reporting and data export, with links to Microsoft Word® and Excel®.

Application Keywords

·   Settlement Purchaser Software

·   Structured Settlement Loan Software

·   Structured Settlement Software

·   Structured Settlement Servicing Software

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