Asset Management Financial Group (AMFG) is a software consulting firm that empowers each of our clients with a distinct loan servicing, loan accounting, loan management, loan acquisition, or payment / expense debt management servicing system.
Our expert software team places the system emphasis on the professional standards for each loan servicer, commercial mortgage banker, hard money lender, debt collector, portfolio asset manager, government financial community development department, or comparable financial institution.
Asset Management Financial Group (AMFG) is a privately owned company. We are well versed in providing all-inclusive, legacy software systems for small to midsize companies.
AMFG promptly responds to the needs of our clients and avoids the bureaucratic communication process that some companies require --- such as a ticket number phone queue.
Inasmuch as every software loan servicing system is licensed to each customer's unique specifications, each Windows-based software system is customized to the best levels of value. All systems are dynamic, smart, sound, and easy to master. Our customers are very satisfied and enjoy doing business with us.
We have been champions in Windows-based loan servicing software systems since our version 1.0 knock-out launch. Our software modules have evolved into a comprehensive loan management, debt management software system.
412 N. Main Street, Suite 100
Buffalo, Wyoming 82834
AMFG delivers excellence in value based modular system pricing. We offer a structured value based pricing methodology that reflects the clear needs and best practices of each client's system work scope.
The starting price for an entry-level software servicing system, which requires no
step-by-step software customization, is a remarkably low-priced $7,500.
Our software pricing is dependent upon the complexity, essential features, and exact requirements in a customer's requested proposal. This process involves evaluation of our prospective customerís current system, the credibility of proposed features, timeframe for system conversion and migration, accuracy validation of data conversion, implementation, training of users, and additional system enhancements.
All of the above details factor into the price for a professionally-designed software servicing system.
Payments are applied to principal, interest due, interest shortage, interest carry-over, late fee, escrows, other, NSF, liens, suspense, expense, debt forgiveness, service fees, and linked to a transaction code, system number, employee code, bank code, and payee code. If necessary, payments can be fractionalized to an investor and checks can be remitted.
300 - Normal Payment
301 - Payment - Unpaid Fees Not Included
310 - Overdue Payment - Late Charge Included
320 - Overdue Payment - Late Not Included
325 - Overdue Payment - Partial Late Fee Paid
326 - Overdue Payment - Late Fee Waive Short
330 - Late Payment - Waive Late Fee
340 - Payment - Unpaid Fees Included
344 - Interest Reserve Payment
345 - Guaranteed Investor Remittance
346 - Payment - Void Remittance Records
350 - Normal Payment - Void Remittance
360 - Payment To Lender
370 - Distribution To Partners
385 - Partial Release / Principal Pay-Down
390 - Pay-Off - No Prepayment Penalty
394 - Pay-Off - Shortage No 1099-C
395 - Pay-Off - Prepayment Penalty Amount
398 - Pay-Off - Partial Charge-Off (FOD)
399 - Pay-Off - Forgiveness Of Debt
400 - Close Escrow Account
401 - Open Escrow Account
402 - Installation
403 - Funding
404 - Acquisition
405 - Late Fee
406 - Contra Adjustment
407 - Other Amounts Added To Suspense
408 - Other Income
409 - REO Income
410 - NSF Fee
412 - Extension
415 - Recording
420 - Forwarding
425 - Foreclosure
430 - Reconveyance
433 - Principal Draw (Debit)
435 - Principal Payment (Credit)
437 - Principal Capitalized (Debit)
438 - Accrued Principal Pay-Down (Credit)
439 - NonAccrued Principal Pay-Down
440 - Odd Interest Payment
445 - Prorated Interest Payment
449 - Refund
455 - Contingent Interest
460 - Extension Fee
470 - Adjust- Credit Principal / Debit Interest
475 - Adjust - Credit Interest / Debit Principal
493 - Escrow Contra Adjustment Payment
494 - Escrow Contra Adjustment Balance
495 - Account Balance Adjustment
499 - Document Charges
500 - Interest Earned On Escrow Balance
505 - Miscellaneous Escrow Payment
507 - Other Refund
508 - Tax Refund
509 - Insurance Refund
525 - Investor Buy-Out Transaction Payment
530 - Transfer Fee Payment
549 - Partial Principal Charge-Off
550 - Principal Charge-Off
557 - Exchange
558 - INREM
559 - Real Estate Lien
601 - City Tax
602 - State Tax
603 - Water Tax
604 - County Tax
605 - Township Tax
606 - School District Tax
607 - Real Estate Tax
608 - Other Government Tax
609 - Road Tax
610 - Accrued Interest
611 - Overpayment
612 - Road Fee
613 - Sewer Tax
614 - Road Maintenance
615 - Sales Tax
617 - Occupancy Tax
618 - Village Tax
629 - Vandalism Insurance
630 - Replacement
631 - Improvement / Repair
632 - Homeowners Other
633 - Miscellaneous Other
634 - Small Business
635 - Rent Payment
636 - Payment On Senior
637 - Payment On Junior
639 - Management Distribution
648 - Appraisal Fee
649 - Fee / Points
650 - Bank Fee
653 - Unapplied Payment Amount
659 - Insurance Premium
660 - FHA Insurance
661 - Flood Insurance
662 - Hazard Insurance
663 - Liability Insurance
664 - Earthquake Insurance
665 - Credit Life Insurance
666 - Mortgage Insurance
667 - Life Insurance
668 - Disability/Accident & Health
669 - Forced Placed Insurance
670 - Fire Insurance
675 - Escrow Balance Pay-Off Only
676 - Escrow Charge-Off
680 - Transfer Fee
695 - Unsecured Payment
696 - Deficiency Payment
697 - Miscellaneous Charge-Off
698 - Other Income
700 - Holdback
701 - Reserves
719 - Appliance
720 - Carry-Over
721 - Accounting
722 - Corporate Tax
723 - Annual Report
724 - BPO (Broker Price Opinion)
725 - Distribution To Partner Expense
728 - Inspections
729 - Commission
730 - Title
731 - Locks
732 - Weatherization
Insurance premiums are added into the software system by account number and linked by reference number. The user must enter the policy number, months due-in, frequency of payments, payee code, bank code, who pays (servicer or customer), payment status, amount due, pay-on date, delinquency date/expiration date.
The escrow servicing module will automatically update the status when posting the payment to the insurance record.
Property taxes are added into the software system by account number and linked by reference number. The user must enter the parcel number, lot, block, months due-in, frequency of payments, payee code, bank code, who pays (servicer or customer), payment status, tax amount due, pay-on date, delinquency date.
When taxes are paid, the escrow software module will automatically update the status and advance to the next tax due bill. The user can check with the city/county/state online to verify what taxes are open and need to be paid.
The software can print, void, or re-issue a check and reconcile bank account balances.
Checks are printed for investors, payees, vendors, expenses, escrows, property taxes, and insurance premiums.
The system lists unprinted check amounts to be released from its holding status. Once checks have been printed and mailed out, the user will track the check's bank account to verify the check's status as open, cleared, voided.
AMFG offers Windows-based software servicing systems with several options working through the internet. Clients can use a database server as a backend with the ODBC Aware Database Server or utilize the Advantage Server Client with TCP/IP connection.
Our in-house software programming language provides multiple development tools and meets all the servicing needs for each client. This Windows based software platform operates on a database engine Access/SQL server that provides all users and developers a smooth migration to future-oriented loan systems. The database application development system and its corresponding add-on products result in a very flexible, scalable architecture. Using this technology, the integration of existing PC desktop solutions into enterprise-wide data processing infrastructures is possible.