• MC OFFICE Software encompasses all functions used by a mortgage lender today.

• MC OFFICE Software offers a complete line of solutions to simplify all mortgage lending functions.

• All programs are designed by the same author so you have it all together in once software suite.

• You easily access data, because MC OFFICE Software is integrated ... all working together.

ESTABLISHED IN 1974

Mortgage Computer (MC) celebrated its Twenty Fifth Anniversary in 1999. MC was the first company to offer a complete, integrated mortgage lending solution.MC OFFICE Software was developed by individuals knowing the mortgage industry first-hand in mortgage origination, selling, construction, servicing.

Our training and customers support staff are experienced mortgage professionals and will teach you how to effectively use the MC OFFICE Software.

Goal and Mission

MC's goal and mission is to provide a complete software package to meet all the needs of a lender, and to have all the software packages on one system for availability to all workstations for management control.

Training, Support, Consulting and Auditing

• Initial Training - Classroom Training in Ogden, Utah
• On-Site Implementation - Your Team will help set up your company, load the software, and make sure you are ready to use the MC OFFICE Software
• On-Site Training - Hands on approach may be scheduled to meet your needs
• Workshops/Conference - The Workshops/Conferences are held in various locations throughout the US
• Consulting - Consultation on any phase of Mortgage Lending, Selling, Servicing, Staffing, etc.
• Auditing - Help you get to the correct answers to your portfolio
• On-Line Tutorials
• On-Line FAQ and technical information available
• MC Journal - Sent every few months
• CEO Update - Condensed information to keep upper management informed but not over overloaded
• Fast Fax - Sent on important issues
• Coach's Corners - Addressing topics and HOW TO
• Toll free Customer Support - Available Monday through Friday from 7:00 a.m. to 6:00 p.m. (MST)
• On-Line Technical Assistance - Through a dial-up modem on your system using BLAST, pcAnywhere or through the Internet, MC can be invited by you to sign on your systems, to make corrections, immediately update programs/files, or to provide additional assistance or a quick response for a fix
• 24 hour download from our FTP site

Interface to Third Party Software

• Data from MC OFFICE Software is available for transfer and receive automatically to the to your data processing vendor system
• Available for use with outer software programs and spread sheets

Mortgage Banker is comprised of twenty-one functions to integrate data from the front end, automating loan processing from pre-qualification and loan application to closing, selling, and HMDA reporting.

The 1003 Loan Application is entered either in your offices or in the field by laptop using MC's Rapid App programs. All documents, including the Truth-in-Lending and Good Faith Estimate, are printed using laser printers.

The tracking and reporting of activity, such as documents needed, loans to sell, production quotes, and cash management needed for loan funding are all tracked.

Included in this package are:

• Underwriting
• Preparation of Loan Closing Documents
• Accounting of funds deposited
• Disbursement of borrower and loan funds
• Quality Control
• Secondary Marketing
• Shipping
• Document tracking and delivery
• Management Reports
• 1099-MISC Reporting for Appraiser Fees

Rapid App is the laptop computer program designed to take the 1003 Loan Application in the field. This package is an excellent method of branching without creating new branches. RAPID APP includes three main features:

• RAPID APP is the 1003 application. Stored on diskettes, the application diskette can be given to a borrower, builder, broker, branch office, etc., and sent to the home office electronically or by diskette.

• RAPID APP has print capability for the 1003, VOE, VOD and other electronic forms on-site. 
  
• RAPID APP is all of the above plus a Pre-qualify program and the ability to communicate to the correspondent feature of the host site, to immediately obtain information on rates, tracking, and loan pipeline. Additional electronic forms for printing include the Good Faith Estimate and Verifications.

The Construction package accounts for the disbursement of the loan proceeds and borrower funds while the house is being constructed. Disbursement of the loan proceeds are controlled and monitored by various methods. Funds can be disbursed by:

• Craft Disbursement
• Percentage of Completion
• Draw Stage
• Completion

Costs can be monitored and compared to the cost breakdown and property inspections to assure funds are not advanced before the work is completed.

Control is the advantage of this package
with the management reporting features.

MC's Loan Servicing provides all the functions needed to service a loan. MC also gives you advanced features such as investor reporting, escrows, on-line collections, or foreclosure accounting. When loans are closed, data is transferred automatically from the Mortgage Banker package to Loan Servicing.

• FHA
• VA
• Fannie Mae
• Freddie Mac
• FmHA
• Other investors

Other features offered by this package:

• Prepare tax statement
• Aggregate Escrow notification requirements
• Preparation of coupons in-house
• Monthly billing
• Paperless collection system
• Asset management
• Operating reports
• General Ledger interface
• Never accept payment past maturity, ARM adjustment, or balloon payment due date

The Loan Servicing package handles most types of loans:

• Residential
• Commercial
• Land Loans
• ARM
• GPM
• Weekly
• Biweekly
• Buydown
• GEM
• Credit Line Loans - Reverse Equity

Many investors do not purchase whole loans. They prefer to buy into a pool of loans guaranteed by Ginnie Mae, Fannie Mae, or a private investor.

The accounting of funds collected in Loan Servicing is passed internally to the Pool Disbursement package. The Pool Disbursement package distributes funds to the various certificate owners of the loan pool.

This package offers:

• Accounting of funds for MBS (Mortgage Back Securities)
• Designed for GNMA I & II, MBS Fannie Mae Scheduled/Scheduled,
• Serial Pools
• Private Investors
• Record of each certificate holder
• Statements of funds received and disbursed
• Check writing - principal and interest to Certificate Holders
• IRS reporting 1099-INT
• Pool reconciliation's
• Management reports and control
• Ginnie reports and tape programs
• Serial Pool accounting
• Advance and Recovery features

Mortgage lenders have recently expanded services to meet borrowers' loan requests by offering lines of credit secured by a primary residence. The Credit Line package offers three different programs:

• Commercial Credit Lines
• Home Equity Credit Lines
• The new Home Equity Conversion Mortgage (Reverse Equity Loan)

The Credit Line package controls the drawing of funds and the repayment schedule. Loan Servicing controls the ARM adjustments and the servicing of the loan.

The features of the package:

• Automatically passes the new loan balance to Loan Servicing
• Adjust monthly payment based upon
• Loan balance
• Interest rate
• Payment notice to borrower
• Skip payments
• Minimum draw
• Minimum payment
• Fee charges
• Prepare statements or transfer the data to the MailBox for use in consolidated statements

This is the ultimate feature and benefit of the MC OFFICE Software.

The data to manage a company is available from all workstations within the department so you can control and manage your company effectively and more efficiently.

MANAGEMENT TOOL KIT:

• Message Center - Let me talk to others
• TelMe - TelMe when something is done
• TracMe - TracMe when reports are not done
• ShowMe - ShowMe what has been done (History)
• SchedulMe - SchedulMe when to run a report
• ReportMe - ReportMe when the report is run
• TransferMe - TransferMe to EDI - PLUS
• HMDA Reporting - Exception and Computer Verify - MSA Audit Range - Speed Correct

With the MC OFFICE Software, you manage by "having it all together."

MC OFFICE Software includes a line of accounting packages.

The accounting packages link to all the MC OFFICE Software packages.

Information generated from the programs can be transferred automatically to the General Ledger with no waste of time re-entering the information.

The Portfolio of Accounting Packages includes:

• General Ledger
• Payroll (Not offered with MC OFFICE Software)
• Accounts Payable
• Fixed Assets (Not offered with MC OFFICE Software)
• Cashbook Reconciliation

More than 600 pre-designed reports are available. However, with the several specialized packages, it is difficult for an auditor to know which menus to select in order to print a particular report.

The AUDIT CENTER menu displays the reports from all packages that normally are requested by auditors. The same reports are still available as menu selections in each specialized package.

This feature makes it easy for your auditors (in-house or external) to print reports without interrupting employees.

The employee saves time by not having to show the auditor or know what is being done by the auditor.

Data is available to the auditors but cannot be modified from any of these screens.

All pages of the transaction register are numbered by the program, and are printed in the upper right-hand corner.   All pages of the modify audit pages are numbered by the program, and are printed in the upper right-hand corner.   Modifications to employee loans are highlighted. 

Data that pertains to each of the MC OFFICE Software packages is set up and maintained from one centralized section 

INTEREST INDEX TABLES are used in Mortgage Banker, Construction,  and Loan Servicing packages. This feature eliminates duplication of effort and possible errors.

A SECURITY PROGRAM for all of the software is provided. This package provides controlled access to the system by:

• Terminal
• Time of day
• Program
• Password

The program maintains a history log that produces a record of all the people logged on, what terminal they used, which menus they were in, and time of day. The Security package protects data from sabotage, disasters, entry into restricted screen selections, or corporate espionage.

Finance I is designed for you to readily provide borrowers with information and computations without accessing the program. You and your staff will use this section several times a day.

Although the information is not stored in memory, many of the functions can be printed.

The FINANCE I feature is provided at no additional charge as part of MC OFFICE Software.

Programs offered by other software providers, i.e., checking, savings, ATM, and other loan services can be linked to the functions of MC OFFICE Software.

• List of all accounts billed
• Receipt of all accounts paid
• List of accounts billed but funds not received

Electronic Data Interchange is our electronic interface to Federal Agencies, Data Processing Vendors, and third-party vendors.

• DATA MANAGER
• Using the Data Extractor feature, the data from any field in any one of the MC OFFICE Software packages can be moved to the PC for use in other software packages. (i.e. spread sheets, word processing, etc., with unlimited potential)
• The Data Manager moves selected reports automatically to EDI - PLUS. In addition, Data Extractor moves a choice of selected data to the EDI - PLUS program for preparation of special reports. Data transferred is stored (optical storage is an additional option) for future use including comparison of prior periods.
• Who to tell, when to tell, what to tell, and which reports to transfer automatically to EDI - PLUS are set up by you.
• REPORT WIZARD
• DATA WIZARD
• MANUALS are available on the Internet.

A Central Index File stores the name of the borrower and co-borrower, Social Security number, Tax ID number, loan number, indicating if the loan is active or not. The data is stored for every loan that has ever been entered into the software packages offered by MC OFFICE Software.

The key to the Central Index File is by Social Security number. When the Social Security number is entered at the time of application (by pressing a function key), the program will search the Central Index File for a match. This is a great feature for companies who make housing authority loans, when one of the requirements is the borrower can have only one loan. It is used by other lenders (C.U.'s) offering special one-time loans to members.