PAM for Mortgages

Automate Your Accounting, Management, and Servicing of Commercial Mortgage Assets

PAM for Mortgages (PAMmort) is a specialized software application that automates the accounting, management, and servicing of commercial mortgage assets held by institutional investors. It gives investors accurate, up-to-the-minute information on their entire mortgage portfolio - allowing them to proactively respond to events that may impact its value.

PAMmort was written by mortgage professionals, for mortgage professionals. It easily handles today's complex deal structures such as adjustables, tiered loans, workout structures, and multiple investors. It also offers securitization functionality for the creation of Commercial Mortgage Backed Securities (CMBS), as well as for monitoring and servicing the underlying collateral. And its straight-through-processing capabilities enable you to track loans over their entire life cycle, from commitment through final disposition.

Product Features

  • Runs on the Windows NT 4.0, Windows 2000 or Windows XP Professional operating system
  • Straight through processing capability handles loans throughout entire life cycle
  • Tracks data in four independent accounting bases
  • Tracks cross collaterized properties
  • Electronically posts from external systems to create accounting transactions
  • System architecture designed for rapid development and maintenance

Commitments

Customizes checklists for mortgage/legal documents and requirements. Tracks deals from pipeline through loan origination. Funds commitments automatically. Records commitment fees and expenses. Monitors active and expired commitments.

Servicing

Covers lockbox, ACH processing, and electronic correspondent posting. Variable rates and payment terms. Unlimited escrow, reserve and holdback items. Complete escrow processing, including up-to-the-minute escrow analysis reports.

Accounting

Includes STAT, GAAP, TAX and Fourth accounting bases. Participant-level accounting includes accrual of discounts and amortization of premiums for each accounting basis. Incorporates investor transfers, loan securitization and workout schedules. Full compliance with FASB 114/118, FASB 107 and FASB 91. Utilizes multiple user-defined charts of accounts for fully integrated general ledger reporting. Accommodates all loan accounting activity with complete transaction functionality.

Asset-Liability Management

Allocates assets to lines of business or business segments.

Collateral Tracking

Maintains and analyzes nine years of operating statements. Monitors UCC fillings. Displays detailed or summarized inspection reports. Provides lease information and tenant exposure. Provides for tracking of cross collaterized properties.

Credit Exposure

Tracks multiple borrowers on loans, contacts and tenant exposure. Links loans to the same borrower. Ties multiple contacts to a loan.

Reporting

Provides industry-specific reporting, including GAAP, FASB 114/118, and FASB 107. Produces IRS 1098, 1099-INT, 1099-A and 1099-C reports. Schedule B, risk-based capital, AVR and IMR reporting. Offers customized sophisticated online or hard-copy report-writing capabilities. Reports can be saved in a spreadsheet or database compatible format.

Securitization

Services loans internally or externally after they are sold into securitized pools. Processes loan remittances as scheduled payments. Allocates service fees at the loan level to master servicer, subservicer or trustee. Tracks maximum liability for payment advances.

System Architecture and Security

Windows 2000 client/server architecture written in C++. Controls access through password at individual, group or organizational level. Customizes user access by function. Provides system security through complete file maintenance logs. Ensures data integrity through maintenance of database transaction processing.

Third-Party Interfaces

Electronically interfaces to external systems such as general ledger systems, analytic packages, asset/liability matching systems, rating agencies, correspondents, banks, and more.

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