YES, MC Software WILL handle commercial loans.

In Mortgage Banker, the loan amount can be ninety-nine million ($ 99,999,999.99) dollars. Documents can be prepared using the MC print option. Usually, the note is tailor made to include special conditions. If there are no special conditions, a standard conventional or FHA note is fine. The mortgage/deed of trust can be a standard document. The HUD Settlement Statement is not required, but is a good document for disclosing the costs and disbursements. The Truth-in-Lending on commercial loans is not required.

In Loan Servicing, the loan amount can be nine hundred ninety nine million ($ 999,999,999.99). There are fields in Loan Servicing used as a tickler review date for a Financial Review date and the UCC Filing date. These are often used when servicing commercial loans.

The total monthly PITI payment can be up to nine million ($ 9,999,999.99) dollars. The monthly amount paid toward the escrow account can be in the millions for tax, insurance, or reserves. In addition, MC offers escrow reserve account types R, S, and T for use when reserves are required.