Master Servicing Portfolio Management System

Designed to reconcile servicer-managed loans with agency expectations, Master servicing works closely with the HDS Single Family Management System Suite, providing an integrated solution from origination to servicing. The system works both as a daily loan processing and reconciliation tool, and as a month-end portfolio reconciliation tool. The Master Servicing System allows the Agency to maintain a full portfolio of loans and loan activity while validating the accuracy of the custodian servicer collections.

Amortizing and Non-Amortizing loans

The system manages traditional amortizing and non-amortizing loans and allows agencies to track important loan data including borrow, co-borrowers, property, and funding source information. The loan screen has been designed for ease-of-use with all original loan information and current status information displayed on the screen.

Daily Processing

Servicer File Import– allows important of daily servicer transaction files containing all payment activity. The MS System validates that the receipts collected by the external servicer are accurately applied, by calculating the due amounts based on the data in the record. Transaction processing validates imported transactions against Agency expected values and generates warning and exceptions according to Agency-defined tolerances. This allows the Master Servicer Agency to rectify any differences on the daily basis. All transactions received and posted by source allowing the Agency the ability to reconcile cash deposits daily. Transaction posting writes all applied transactions to loan history, generates General Ledger Entries, and automatically updates borrower information. Cash Reconciliation assists in the reconciliation of servicer deposits by displaying totals by Batch and Funding Source.

Month-End Processing

Servicer File Import allows users to import month-end servicer files that contain status information for all loans being serviced. Processing validates important loan status records against the Agency database and generates exceptions for all loans not matching. In addition, the system generates a listing of any loans missing from the servicer portfolio. The process ensures that your Agency and Servicer will always be in sync at month-end. Month-End Close generates General Ledger entries for delinquent, current, and prepaid interest, and closed the current reporting period.

Multifunctional Grids: Within the Master Servicing System you will find multifunctional grids that allow users to sort by any column, filter based on all columns and group by any of the columns. All system grids provide the ability to print or export data to HTML, XML, Excel, or Text File.

Additional Features

Manual Batches / Transactions — Allows users to create manual batches and transactions in order to process transactions not received from the servicer. The feature may also be used for any necessary adjustments to a loan.

Entities/Contracts – Allows agencies to maintain a database of all entities and contacts associated with Agency.

Reporting – The system includes several reports including Amortization schedule, Loan History, and Series Trial Balance.

Security – Allows system administrators to control access to all functionalities in the system.

Add–On Modules

General Ledger Interface – Allows General Ledger entries to be easily exported to a specific format. The system allows the Agency to setup account and assign the transactions that will be reported to the accounts. Additionally, the system allow the user to create a breakdown of transactions to the general ledger by creating and assigning transaction to vouchers.

Loan Correction Management – System Wizard that allows the agency to make post-purchase corrections to loans originated within the Single Family System.

Loan Reinvestment Management – System wizard that allows the agency to manage its funds by providing the ability to move loans to reinvestment sources.