Mic Manager

MIC Manager is a comprehensive mortgage software, industry-specific solution with advanced functionality enabling you to outflank your competition with more effective operations gaining competitive advantages. MIC Manager helps you expand your mortgage management business and extend your business processes. The software supports your entire business operations with not only mortgage and share components but also diverse administrative functions and accounting applications through a general ledger. The MIC Manager manages the data for MICs and integrates most if not all the necessary data components of MICs including automated calculations such as dividend calculations and effective yield calculations. The software features also includes functions such as share allocation for the investors, mortgage payments, arrears reports and related ledger accounting. Mortgage Module: This module maintains the loan including all the data such as all the relative contact information and the mortgage details with associated payments and calculations. The modules components include Underwriting, Securities and Taxes, Payment methods (allowing for EFTs and direct deposits), Reports (to view and record historical transactions) as well as software customization through user defined fields. Shares: Timely and cumbersome dividend calculations and related allocations to the investor either in cash or shares is done automatically in our system saving hundreds of administrative man hours. Whether a dividend run is done monthly, bi-annually, quarterly, the automated dividend calculations are recorded in investor reports for review and shares are printed automatically or an aggregated cheque is printed for distribution. Ledger: A MIC, as with any corporation, needs to record and report the flow of monies through investments and payments. Since the system cross reference data, transactions on any part of the MIC such as advancements are automatically allocated and recorded. The Ledger records deposits and payments and cheques. Reports: The reporting system is a massive value for a MIC Manager since any aspect of corporate status can be reviewed through the system generating forms either customized or standard. For instance, the system generates an investor reports which shows historical transactions and current holdings for mail out or on your web site. In general, all data within the system can be sent to a report and customized within the system. Automated calculations: When inputting new mortgages calculations such as amortization payments, interest payments, mortgage payments, Interest calculation Loan to Value Amortization Effective Yield Calculations Prime Plus Compound interest Dividend calculations The software not only successfully maintains the important data elements of your MIC (Mortgage Investment Corporation) but also delivers many added features and functions which provides for a comprehensive and sophisticated system.