Our Services
We provide loan administrative services to mortgage bankers, wall street firms, thrifts, credit unions, and government agencies. We are committed to the timely and successful execution of any short or long-term project in the areas of investor reporting, loan accounting, bank account reconciliation, G/L reconciliation, and other loan administrative duties, (eg. default, escrow, cash management, loan acquisition, conversion, etc.) We also offer onsite training programs tailored to your specific requirements.

Click on a service below to learn more:


Investor Reporting/Investor Accounting

As a mortgage servicer one of the most critical functions you perform is Investor Accounting. If this function is not performed optimally it could result in:

•Remittance and other penalties
•Loss of valuable float income due to poor cash management
•Increasing servicing costs
•Loss of servicing rights and servicing fee income

Based on our experience these problems are generally caused by four key factors:

 1 - HUMAN RESOURCES  2 - SYSTEMS

-High turnover

-Manual data manipulation due to system limitations

-Lack of employee training

-Non-system generated reports

-Insufficient number of skilled employees

-Error prone processes due to hands on manipulation

-Staffing shortage

 
 3 - SPECIAL LOANS  4- POLICIES, PROCEDURES AND CONTROLS

-Complex reporting & reconciliation

-Not well defined

-Labor-intensive due to lack of system support

-Not documented or clearly communicated to staff

PMSI has designed an integrated set of services to help you address these issues!
Whether you’re serving as in interim servicer, primary servicer, sub-servicer, master servicer or a trust recipient, PMSI stands ready to augment and/or supplement your core work force!

  • AGENCY REPORTING
    FNMA, FHLMC, GNMA
  • PRIVATE INVESTORS
    S/S, S/A, simple interest loans, odd due dates
    REMICS and waterfall distributions.
  • SKILLED IN ALL MAJOR SERVICING SYSTEMS
    Fidelity, MortgageServ, LSAMS, SBO2000 and home grown systems.

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Account Reconciliation

 

Investor Custodial Accounts • Corporate Advances
•
 Principal and Interest (P&I) • Loan Reconciliations
•
 Taxes and Insurance (T&I) • G/L Reconciliations
•
 Test of Expected P&I (TOEPI)
•
 Trust Reconciliations
•
 3 way reconciliation
 
All remittance Types
•
 (S/S, S/A, A/A)
 
All Products
•
 Agency and Sub-prime
 

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On-Site Staff Training

Our training programs are custom tailored to meet the specific needs of each client. These programs are offered to staff and managers encompassing all areas of loan accounting and are designed to dramatically improve their overall skill level.

We offer adaptable on-site training programs for entry level personnel. With our customized program, we can train staff members how to use the servicing system, as well as the core business knowledge for their specific job description.

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Default Services
  • Loss Mitigation
  • Foreclosure
  • Claims

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Special Projects




PMSI stands ready to assist and/or facilitate your next special project!

• Pay Option/Flex Pay ARM Loans
• Acquisitions
• Conversions
• ARM Audits
• Escrow Analysis
• Servicer Audit Reviews

 

 

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Temporary and Full-Time Staffing

 

PMSI can provide skilled personnel to augment your current staff for special projects on a temporary or permanent basis.

PMSI can also help in locating experienced personnel in all levels of loan servicing for permanent placement within your organization.

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Policies, Procedures and Controls Review and Design

Policies and Procedures

Policies and procedures are intended to define, communicate and guide all levels of personnel in performing their assigned functions accurately and in compliance with investor and agency requirements.

Controls Review and Design

Controls review and design are intended to identify areas of operational vulnerability before they lead to serious problems while formulating an executable plan to address the issues.

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