Mortgage Investors have the choice between the two plans depending on the investor's preferences, experience and the type of mortgage investments they have in their portfolio. The main differences between the Advance and Essentials plan are based on the desired level of control over a mortgage loan investment.
Get StartedSCC can assist you in the initial steps of acquiring a loan origination, which involves the application and the underwriting of the mortgage.
Collecting monthly mortgage payments from the borrower, maintaining accurate records, mortgage modifications and inquiries.
As a licensed Mortgage Administrator Sagewise Capital Corporation (SCC) performs regular audits, and prepare the necessary reports for regulatory bodies such as FSRA.
SCC provides regular updates and reports to mortgage investors regarding the status and performance of the mortgage investments.
Collecting and processing mortgage loan payments from borrowers.
Managing insurance requirements for mortgaged properties.
Managing delinquency tracking and default management processes.
Handling mortgage accounts and ensuring proper allocation of funds.
Communicating with borrowers to provide information and address concerns.
Tracking and reporting on loan balances, interest rates, and payment schedules.
Maintaining accurate and up-to-date records of mortgage portfolios.
Ensuring compliance with relevant laws, regulations, and licensing requirements.
Assisting lenders with loan payoff and final reporting requirements.
Solid team of solicitors on hand to register and manage defaults.
Mortgage Investors have the choice between the two plans depending on the investor's preferences, experience and the type of mortgage investments they have in their portfolio. The main differences between the Advance and Essentials plan are based on the desired level of control over a mortgage loan investment.
The Essentials Plan includes core services such as, loan servicing, accounting, compliance, and reporting. The plan offers basic services such as automatic payment processing, reporting of delinquencies and collections, and monthly statements.
It's a cost-effective option that offers essential services to manage mortgages but doesn't include loan origination, underwriting advice and recommendations.
The Advance Plan is more comprehensive and offers additional bespoke services and options.
The Advance Plan includes all the services provided in the Essentials plan but also includes additional services. The plan offers customization options, such as loan origination and structuring, document review, appraisal management, support and recommendations.
With advanced reporting and analytics, this plan enables investors to make informed decisions and maximize their mortgage investments and remain anonymous on the title of the property.
Essential Plan | Advanced Plan | |
---|---|---|
Appraisal Management | ✔ | ✔ |
Compliance Regulatory | ✔ | ✔ |
Collect Fee | ✔ | ✔ |
Collect Payments | ✔ | ✔ |
Default Management | ✔ | ✔ |
Direct Support & Counsel | ✔ | |
Investor Statement | ✔ | ✔ |
Issue Commitment | ✔ | ✔ |
Lase With Borrower | ✔ | ✔ |
Loan Origination | ✔ | |
Manage Approval Conditions | ✔ | ✔ |
Marketing | ✔ | |
Record Keeping | ✔ | ✔ |
Remain Anonymous To Borrower | ✔ | ✔ |
Renewal Management | ✔ | |
Reporting | ✔ | ✔ |
Risk Control Management | ✔ | |
Solicitor Management | ✔ | ✔ |
Underwriting | ✔ | ✔ |