NoteSmith Pro

NoteSmith Pro loan servicing software has additional features for mortgage companies, lenders, landlords, and note investors with sophisticated needs. It includes all the features of our regular NoteSmith program, plus these. NoteSmith Net (see below) adds multiple simultaneous users but is otherwise identical to the Pro.

• Custom report generator to display your data as you want
• Multiple user defined fields to screen notes according to your needs
• Full lease servicing
• Note brokerage selling module will calculate capital gains when selling partial notes or balloons, then service the part sold and any residual
• Sophisticated filtering module to screen notes into sub-portfolios
• Invoicing with or without a bottom coupon
• Tools for managing variable interest rate loans with level or adjustable payments
• Print payment coupons with barcodes to speed up recording of payments (requires your own Code 39 barcode reader)
• Valuable utility features such as automatically paying payable notes, two level password protection, and unlimited company configurations
• IRS Form 1099-INT for interest paid to investors (each annual version is released in time to print forms due that tax year, so NoteSmith 2009 will print forms due January 2009)
• Merge financial documents, closing documents, and letters with Microsoft Word, which NoteSmith opens, uses, and closes automatically.
• Graph various reports using Excel, which NoteSmith also automates.
• Export data in Quicken or QuickBooks format and import with a couple of mouse clicks into your bookkeeping package. NoteSmith receivable payments show up as deposits in Quicken or QuickBooks while payable payments appear as checks. Checks immediately can be printed--or transmit them through CheckFree for electronic payment. In less time than it took you to read this paragraph, 50 payments could have been copied from NoteSmith into your checkbook register.
• Online features such as web based backup and web browser payment histories so payors can check their own account without calling your office. Go to our Sample page for a preview. Online features carry a small additional charge to cover internet storage and bandwidth.
• The Pro is a single user program, but has all the features most servicers need. It comes with a second backup installation in case your first one becomes unusable.

NoteSmith Net

• The network version has all the Pro features and allows for simultaneous users connected to the server of one local area network. Install onto one server and up to five workstations of one local area network (LAN). A 20 workstation pack is available for a small additional fee