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SwixMortgage
SwixMortgage® – Mortgage Securitization and Mortgage Portfolio Management
SwixMortgage Product Facts
SwixMortgage is a powerful mortgage-backed securities & mortgage investor management system specialized for the Canadian market (CMHC) that enables financial institutions to automate the processes of mortgage securitization and investor portfolio management. It includes mortgage-pool creation and selection, pool administration, automated investor remittance processing, and investor asset management functions.
SwixMortgage is based on a server-side Java/Struts framework that allows for a modular approach, making it easy to deploy and to add additional asset classes and functionality.
SwixMortgage has complete ASP/hosted capability.
Feature Highlights
Pool Creation
- Supports CMHC (including 800 series), MBS and Bulk Sale pool construction
- Allows for custom pool creation based on user input or regulatory standards
- Reserve loans for future securitization
- Creates necessary proprietary electronic output for pool submission to Computershare (CPTA) - CMHC 2824
Pool Administration
- Investor defined/driven remittance processing.
- Configurable penalty calculation using custom defined rates and terms.
- Automatic mortgage liquidation resulting from payoff or adjustment.
- Produce hard-copy and electronic monthly accounting reports for investors and CMHC
- Automatically flag mortgages intra-month for re-purchase based upon key criteria
- Automatically repurchase mortgages
Investor Asset Management
- Investor asset cross-reference (mortgage number)
- Simplified individual mortgage sales with percentage sale capability
- Real-time ownership/portfolio changes
- Investor driven remittance process (weekly, bi-weekly, etc.)
- Automatic service fee and sales tax calculations
- Auto-buyback functionality set by investor preferences
- Extensive remittance, transaction history and reporting
SwixMortgage Brochure
SwixMortgage Demo
To access the SwixMortgage demo site, please contact Ana Antonniazzi, Account Representative for a user name and password.
Click SwixMortgage Demo to access the demo site.