Lending Software

Portfolio+ loan, lease and mortgage management solution maximizes the purchasing power of home buyers while complying with regulations to mitigate the debt landscape of Canada. It offers flexibility to use credit bureau reports, create a bespoke scoring system, or adopt a hybrid model to assess credit worthiness.

Our solution incorporates calculators to determine the gross debt service ratio and total debt service ratio of applicants. It helps federally regulated lenders meet the requirements of the mortgage stress test mandated by the Office of the Superintendent of Financial Institutions (OSFI) in Canada. Further, our built-in checklists accelerate processing and approval of mortgage applications.

Portfolio+ empowers financial enterprises to diversify their funding sources by directly linking investors to lending instruments, loans for advance, and on-going payment administration. Payment remittances for an investor’s holdings can be based on the terms and conditions of the lending instrument (pari-passu) or investor (non-pari-passu). The ability to distinguish between asset sharing and investor sharing partners ensures that remittances accurately match the terms of lender / investor agreements.

The loan syndication feature allows remittances to be deposited and held in an investor’s cash account, which can be utilized for future investments or paid out through automated scheduled transactions. Our software supports reporting (T5 slip for interest income), deduction of customized servicing fees at source, and charging of interest on debit balances.

Portfolio+ loan, lease and mortgage management solution allows partner syndication and addition of external funding sources. The direct loan entry and loan batch entry functionality of our solution simplifies onboarding and administration of an acquired portfolio and / or a separate business entity. Our solution enables loans and leases to be administered and accounted for in the underwritten currency. In addition, it enhances servicing of pari-passu loans.

Our solution facilitates securitization of contractual debt, such as vehicle loan, agricultural loan, and property mortgage. It creates asset pools based on diverse criteria, including payment frequency (monthly, bi-monthly, semi-monthly), compounding frequency (monthly, quarterly, bi-annual, and annual), and the lending product (loan, mortgage, letter of credit, and equity line of credit).

Our solution mitigates credit risk by enabling tracking, review and modification of each asset pool. In addition, asset-linked securities can be exported to external mortgage loan funding, securitization, and whole loan portfolio management software systems such as TAO Solutions’ mortgageHub®.