Loan Administration
As with other finance and accounting functions, managing loan programs can cost organizations in seen and unseen ways. The cost of continuous upgrades, new features, daily back-ups, and disaster recovery along with full data and process integrity controls, dedicated staff and more can consume considerable resources that might better be applied to reaching an organization’s business goals.
Dynaxys provides nationwide comprehensive loan administration, collection, and management services for private companies and government agencies. Our experienced loan administration professionals, operational best practices -time tested processes supported by automation and validated controls — enable us to deliver economically, efficiently and accurately.
Dynaxys works with clients on the entire range of loan management operations:
- Dynaxys invoices monthly or as required on behalf of its clients for a variety of loan repayment requirements.
- Payments are applied to loans in accordance with standard and nonstandard requirements.
- Loan statistics are always available — month -to-date, year-to-date, and life-to date.
- Escrow analyses are performed annually for taxes and insurance.
- Timely mortgage confirmation processing delivers audit information when you need it.
- Dynaxys manages several different types of capital reserve investment programs, all of them protected by the full faith and credit of the federal government.
- Dynaxys uses standard and non-standard methods to account for and report on complex loan structures with multiple sources of financing and unique repayment requirements.
- We pay taxes for owners anywhere in the country through our Accounts Payable Management services. We arrange for receipt of tax and insurance invoices. Our automated alert system enables us to request invoices if they are not received on the expected date to take advantage of discounts or avoid late payments.
- Our system tracks borrower performance against workout arrangements as well as under the original terms of the mortgage. We monitor bankruptcies and receiverships and offer flexible solutions for reporting compliance and computing delinquencies.
- We deliver daily cash reports to the client’s general ledger.
- We manage collections as authorized by our clients, disburse and report related foreclosure costs and prepare affidavits.
- We produce payoff statements and deliver them with daily interest factors.
- We produce searchable, online documents and can documents in a secure, fireproof environment.
- Our Uniform Commercial Code (UCC) tracking system maintains records of all filed financing statements and file updates.
- We work with established financial specialists to sell loans. As part of this service, we deliver up-to-the-minute financial and performance information for each asset. We adjust accounts, calculate premium discounts and yield and produce closing statements.
- Dynaxys services construction and renovation loans with undisbursed mortgage proceeds management.
We also offer the following services to manage loan billing and collections:
- Our loan billing and collections software can handle both routine and complex billing environments. We easily accommodate unique business rules and unusual billing frequencies.
- We post payments of remittances, tax refunds, investment interest and subsidy payments using automated bank lockboxes, ACH debit, and e-commerce. Federal clients may use www.pay.gov where appropriate.
- We maintain and process federal subsidies such as Rent Supplement, Section 8, Rental Assistance and Interest Reduction Payment.
- We collect back-due amounts; send late notices and delinquency letters, report collections against delinquencies as well as repayment plans and report delinquencies each month.
- Dynaxys reports current and delinquent borrower debt information to the major credit bureaus.
We offer state-of-the-art reporting, which clients and customers can access securely and directly. These include portfolio management, business intelligence and analytic reports as well as comprehensive financial reports for government agencies.
