MC OFFICE Software Home

This integrated package manages all the functions of a real estate lender.



    RapidApp Pro is a Windows stand-alone system that links to Mortgage Banker. EDI-Plus is not required using RapidApp Pro to transfer data to Mortgage Computer.

    RapidApp Pro can be used at a branch site, by loan originators, brokers, or at point of sale. The data from the 1003 Real Estate Loan Application is easily transferred to the MB package for closing, funding, secondary marketing and all types of reports including HMDA.

    Why use other front end systems that do not link to Mortgage Banker?

    RapidApp SE is free, RapidApp Pro requires a license to print forms.


RapidApp Pro Main Menu



    Serving your customer makes all the difference

      In this age of increasing customer expectations, use the Web for your real estate loan requests with faster service to your member/borrower.

    Real estate loan applications and loan requests on your Web

    • Easy for member/borrower to use and make a loan request.

    • Data is secured.

    Comprehensive information

    • Questions Borrowers Ask.
    • A listing of loans you are offering your member/borrower.
    • A short Loan Request to check credit worthiness.
    • A full 1003 Loan Application from your member/borrower.
    • The Mortgage Calculator for your member/borrower to compute a monthly payment, loan-to-loan comparison, amortizations, etc.

    Easy to use interface to MC OFFICE Software

    • No additional software required to transfer data.
    • Send e-mail to keep your member/borrower informed.

    Do you purchase loans from other Lenders or Brokers?

    • Use the New Web Lender/Broker for rapid service.
    • Communicate with the Lender/Broker so they are informed.

    Rent for less than you would expect

    • Member/Borrower program rents for only $150 per month.
    • Lender/Broker program rents for only $350 per month.
    • No monthly maintenance.

    Easy to customize for your Web page







MC OFFICE Software Main Menu


    There are five main MC OFFICE Software programs.

    01. MORTGAGE BANKER (MB)

      Where a loan is originated, closed and sold.

    02. CONSTRUCTION (CA)

      Controls disbursement of funds during construction.

    03. LOAN SERVICING (LS)

      Services the loan from closing to loan payoff.

    04. POOL DISBURSEMENT (PD)

      The accounting of funds collected in Loan Servicing and payment to investors.

    05. CREDIT LINE - HOME EQUITY (CL)

      An accounting of funds the borrower can draw. This program links to Loan Servicing for the collection of payments.

    The next grouping of selections is to provide additional tools.

    06. MANAGEMENT TOOL KIT (MTK)

      Here you can design reports, set up TelMe, ShowMe, ReportMe, SchedulMe, TracMe, and other helpful tools.

    07. ACCOUNTING

      All the features for gathering the accounting information for reports, IRS reporting, etc., from all packages.

    08. AUDIT CENTER

      All reports from each of the five packages are conveniently listed on one menu for auditors.

    09. MC OFFICE MAINTENANCE

      Where codes, etc., are set up for the general programs.

    The final grouping of selections features helpful tools for lenders.

    10. FINANCE I

      A number of features to compute payments, provide answers for borrowers, etc.

    11. RELEASE NOTICE

      Informs the operator of what changes have been made to the software with the latest release.

    12. DATA-TRANSFER/RECEIVE

      This is called MC MAILBOX. Information from the MC OFFICE Software programs is transferred to or received from other vendors' software.

    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 RapidApp 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




Mortgage Banker Main Menu (01)




Additional Features Main Menu (01.15)


    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.




Construction Main Menu (02)


    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.




Loan Servicing Main Menu (03)


The Loan Servicing software package meets the requirements of:
  • 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
  • PMI termination

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




Pool Disbursement Main Menu (04)


    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




Credit Line - Home Equity Main Menu (05)


    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.

    • Message Center - Let me talk to others
    • TelMe - When something is done
    • TracMe - When reports are not done
    • ShowMe - What has been done (History)
    • SchedulMe - When to run a report
    • ReportMe - When the report is run
    • 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."




Management Tool Kit (MTK) Main Menu (06)


    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 transfers to other software
    • Cashbook Reconciliation




Accounting Main Menu (07)


The ability to submit all 1098 and 1099 forms electronically
or by tape/diskette to the IRS is also included
in the MC OFFICE Software package.

    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.




Audit Center Main Menu (08)


AUDIT CONTROL

    All pages of the Transaction Register are numbered by the program and are printed in the upper-right-hand corner.

    All pages of the Loan Modify Audit 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.




MC OFFICE Maintenance Main Menu (09)


    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.




Finance I Main Menu (10)


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




Transfer/Receive Main Menu (12)


    STATUS-INQUIRY

      Information on the status of a loan in Loan Servicing is sent to the Mailbox.

    TELLER PAYMENTS

      List of all teller payments to be received. Receive Teller Payments accepts the payment and creates a transaction for the item. Transaction data need not be re-entered for the payments.

    DDA AUTO PAYMENTS

      MC bills for the loan payment when due, thus saving you from keeping a maintenance file. When payments change (Escrow, ARM), MC bills correct amounts automatically and provides:

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

    TRANSACTION HISTORY

      Transfer to the Mailbox the Transaction History on each loan. This data is in file sequence and can be merged with other software for consolidated statements or reports.

    ACCOUNTING TRANSFER

      The accounting information from the various MC OFFICE Software packages is gathered in this file to be sent to accounting.

    CREDIT LINE

      Information detailing draws, etc., is transferred to the Mailbox where another software package can pick up the data for use in reports or consolidated statements.

    HMDA

      HMDA is a real estate requirement and regulation. Data on loans made in other departments not using MC software can transfer by electronic media, and loans not processed through the MC OFFICE Software can be merged with MC loans for single reporting.

    Electronic Data Interchange is our electronic interface to federal agencies, data processing vendors, and third-party vendors.

    • REPORT WIZARD
    • GRAPHICS WIZARD
    • Using FILE GENERATOR, data from any field in any 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, File Generator 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.
    • Electronic transfer of data to MIDANET.
    • Electronic transfer of data to MORNET.
    • Electronic transfer of data to HMDA and the IRS.
    • Electronic transfer of data to and from Desktop Underwriter, Loan Prospector, flood agencies, credit reporting agencies.
    • Receive 1003 data from any source using the standard 3.0 Desktop Underwriter format.


EDI-Plus Main Menu


    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 (credit unions) offering special one-time loans to members.




Central Index File (<SCF8>)


Updated June 1, 2004 at 4:34 p.m.