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Loan AMORTIZATION Software for Manufactured Housing
Description
Chattel loan servicing software accommodates various types of loan structures and schedules, generates amortization schedules, produces loan billing statements, performs recalculation for prepayments, and provides 1098 reporting.
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Key Features
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Ability to track loans in separate module, so amortization schedules can be set up and payments tracked.
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Ability to create escrow analysis for insurance and tax impounds
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Tracks insurance and tax impounds/disbursements, if applicable
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Offers a quick-view dashboard that displays key metrics
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Produces loan billing statements, which can be incorporated into your residents’ fully integrated bills
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​Company personnel may view loans, post payments, edit payments, edit ledgers, post payoffs, view all details about the loan, and add/view notes to the Resident Loan Ledger.
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Includes comprehensive, ready-to-print web reports (both stock and custom) with drillable detail—which can be converted to, and opened directly in, Excel​
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Posting Loans to Loan Ledgers
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Clients may accept one or two rent checks for the loan and rent payment with monies deposited in the same account or separate accounts. The rent check funds are posted to the Resident Ledger; the loan check funds are posted to the Resident Loan Ledger.
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If a loan payment is being made to an entity and/or bank account that differs from the community entity or bank account, the payment can also be made by the Corporate User entering the payment information into the Loan Center.
Explore Other ManageAmerica Features
Drive Occupancy:
Our prospect tracking and automated screening tools simplify the resident onboarding process.
Get Paid on Time:
Offer residents a wide range of payment methods, all of which are seamlessly recorded in our system.
Track Inventory & Maintenance:
Manage inventory homes, work orders, renovation expenses, and more.
Maximize Utility Recovery & Revenue: Let our Utility Billing Experts monitor and implement all utility rate changes so that you never fall behind.
Keep Your Residents Protected:
Provide residents with an easy solution to insurance, tailored to the manufactured housing industry.
Dive Into Your Data:
Gain visibility into all aspects of your portfolio, property, and residents.
Everything in One Place:
Deliver fully integrated bills to your residents via mail, digitally, or in person.
Keep Your Residents Informed:
Easily communicate with your residents and manage all aspects of the resident relationship.
Partner with Industry Experts:
We're committed to supporting your team's ongoing needs and growth.