Mortgage Processing
Galaxy PLUS Mortgage Processing is a completely
integrated mortgage servicing solution for credit unions.
Mortgage Processing Software is a complete interface with the Galaxy Plus system which supports all mortgage related items. It has the ability to:
- Inquire and make payments to mortgage loans,
- Updates general ledger accounts
- Mortgage transaction histories in a combined member statement
This can be done through any Galaxy Plus terminal. Laser printed forms, escrow accounts, monthly billing notices, monthly reports, escrow check writer, and collection actions are all supported.
Loan Processing
- Index—eight ways
- Products offered
- Select loan products
- Pre-approval
- Good Faith— Truth-In-Lending
- Prepare VOE, VOD, applications
- Application tracking
- Commitments issued
- Underwriting matrix
- Statistical reports
- Production reports
- Prepare loans for sale
- Closing document preparation
- Report Generator
- Tracking after closing
- Management reports
- Secondary market commitments
- ARM, bi-weekly—all loan types
- Automatic transfer to servicing
- Letters to members— "How is my loan coming?"
Loan Servicing
- Master Record
- Investor Record
- Escrow Record
- History Record
- Payment coupons bar coded
- Monthly billing
- Forms generator
- Laser bar code reader
- Collection action screen
- Comments stored in system
- Monthly reports
- Investor Reporting
- Escrow check writer
- Year end activity
- Management exception reports
- Status screens
- History screens
- ARM, GPM, GEM—all types
- Tape to Tape capability
