SBO 2000 Features

Cashiering

  • Validates all servicer receipts with loan level analysis
  • Enter receipts with multiple ID fields
  • Performs calculations on-line
  • Viewable loan-level histories created with each remittance
  • Will not post to GL until servicer remittance is validated
  • Inventories unprocessed receipts
  • Generates sequence numbers to aid filing and retrieving of servicer reports

Financial Reporting

  • Produces OTS schedule CMR (March 1993) report
  • Generates a comprehensive set of standardized reports
  • Over 150 fields available to create custom reports on demand
  • Flexible report writer for custom reports
  • User friendly query language for quick access to information
  • Interface to mainframe

Accounting

  • On-line general ledger interface
  • Archives pool histories for audit confirmations
  • Provides full FASB 91 support at the loan level
  • Generates principal and interest advance liabilities
  • Specifies G/L roll-ups at both investor and servicer levels
  • Generates a comprehensive set of standard accounting reports
  • Direct journal voucher entry
  • Inter-company accounting