Mortgage Servicing Software
Floating or Variable Rate Mortgages

FLEX-RATE++

Floating rate or adjustable rate mortgages can vary daily; you need this sophisticated module to keep up. FLEX-RATE++ calculates interest from due date to due date and adjusts payments as necessary.

Today there is no such thing as a "standard" mortgage. Maintaining your competitive position requires you to offer a variety of financing options that address individual needs. Your business tools need to be dynamic as well. That's why we created FLEX-RATE++.

FLEX-RATE++ provides you with full-floating actuarial payments and late charge amounts when you need them, with the precision and sophistication that inspire confidence. We design our systems to be state-of-the-future to help you maintain control of the complex mortgage environment.

Features

• Complex calculations for payoffs and monthly payments made easy
• Fulfills floating rate actuarial requirements
• User defined minimum and maximum rates
• Handles daily rate fluctuations between due dates
• 99 different indices
• Automatically adjusts payments and late charges
• Interest collected on actual days between due dates automatically allowing for leap years
• Produces interest calendar for multiple years

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