PAM for MortgagesAutomate Your Accounting, Management, and Servicing of Commercial Mortgage AssetsPAM for Mortgages (PAMmort) is a specialized software application that automates the accounting, management, and servicing of commercial mortgage assets held by institutional investors. It gives investors accurate, up-to-the-minute information on their entire mortgage portfolio - allowing them to proactively respond to events that may impact its value.PAMmort was written by mortgage professionals, for mortgage professionals. It easily handles today's complex deal structures such as adjustables, tiered loans, workout structures, and multiple investors. It also offers securitization functionality for the creation of Commercial Mortgage Backed Securities (CMBS), as well as for monitoring and servicing the underlying collateral. And its straight-through-processing capabilities enable you to track loans over their entire life cycle, from commitment through final disposition.  Product Features
CommitmentsCustomizes checklists for mortgage/legal documents and requirements. Tracks deals from pipeline through loan origination. Funds commitments automatically. Records commitment fees and expenses. Monitors active and expired commitments.
ServicingCovers lockbox, ACH processing, and electronic correspondent posting. Variable rates and payment terms. Unlimited escrow, reserve and holdback items. Complete escrow processing, including up-to-the-minute escrow analysis reports.AccountingIncludes STAT, GAAP, TAX and Fourth accounting bases. Participant-level accounting includes accrual of discounts and amortization of premiums for each accounting basis. Incorporates investor transfers, loan securitization and workout schedules. Full compliance with FASB 114/118, FASB 107 and FASB 91. Utilizes multiple user-defined charts of accounts for fully integrated general ledger reporting. Accommodates all loan accounting activity with complete transaction functionality. Asset-Liability ManagementAllocates assets to lines of business or business segments.
Collateral TrackingMaintains and analyzes nine years of operating statements. Monitors UCC fillings. Displays detailed or summarized inspection reports. Provides lease information and tenant exposure. Provides for tracking of cross collaterized properties.
Credit ExposureTracks multiple borrowers on loans, contacts and tenant exposure. Links loans to the same borrower. Ties multiple contacts to a loan.
ReportingProvides industry-specific reporting, including GAAP, FASB 114/118, and FASB 107. Produces IRS 1098, 1099-INT, 1099-A and 1099-C reports. Schedule B, risk-based capital, AVR and IMR reporting. Offers customized sophisticated online or hard-copy report-writing capabilities. Reports can be saved in a spreadsheet or database compatible format.
 SecuritizationServices loans internally or externally after they are sold into securitized pools. Processes loan remittances as scheduled payments. Allocates service fees at the loan level to master servicer, subservicer or trustee. Tracks maximum liability for payment advances.
System Architecture and SecurityWindows® 2000 client/server architecture written in C++. Controls access through password at individual, group or organizational level. Customizes user access by function. Provides system security through complete file maintenance logs. Ensures data integrity through maintenance of database transaction processing.
Third-Party InterfacesElectronically interfaces to external systems such as general ledger systems, analytic packages, asset/liability matching systems, rating agencies, correspondents, banks, and more.
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