SBO Loan Accounting

SBO is a vital player in loan accounting, meticulously managing loans for increased accuracy and effectiveness. Its adeptness at validating and reconciling daily and monthly servicer cash collections and remittances enhances the financial integrity of the process.

Servicers using SBO produce accurate and timely detail, meeting investor reporting obligations with confidence. SBO's advanced automation capabilities streamline intricate loan and MSR accounting functions, generating journal entries and managing amortization for a comprehensive and accurate financial framework.

Asset Class Flexibility

Supports mortgage, HELOC, consumer, auto, student, and other loan types providing clients a single platform to perform all required loan accounting functions.

Remittance Reconciliation

Validation and reconciliation of servicer cash flow daily and monthly, allowing clients to oversee their sub-servicers and their adherence to established fee schedules.

Comprehensive Management

Sub-ledger for all loan balances and custodial accounts, sub-servicer data and complete investor reporting and investor accounting capabilities.

Robust Automation

SBO automates loan accounting processes generating loan-level journal entries, recognizing daily accruals and reserves, analyzing and recalculating interest, and amortizing purchase premiums and discounts.

Detailed Reporting

Flexible accounting and investor reporting options meets the more complex needs of non-agency investors and the servicers that support them.

Enterprise Grade

Utilizes .NET framework technologies for interoperability, stability and security.

CONSOLIDATE LOAN ACCOUNTING

SBO serves multiple asset classes providing opportunities for clients to account for other product types - mortgage, HELOC, construction, and consumer loans - in a singular platform.

RECONCILE CASH REMITTANCES

The system identifies variances in cash remittances, helping identify servicer mistakes for quick remediation.

IMPROVE OPERATIONAL EFFICIENCY

Exception-based processing segments good loans from those that have issues, helping your team focus their efforts.

DRIVE DATA INTEGRITY

Industrial strength controls and validation prevents invalid or inaccurate data from getting into your database.

Four Considerations When Investing in a Loan Accounting Platform

FREE GUIDE

With billions of dollars transacted daily, loan accounting is crucial. SitusAMC’s new guide, “4 Considerations When Investing In A Loan Accounting Platform” discusses key issues to bear in mind when investing in a system of record for loan accounting. The guide explores why institutions should choose a unified platform with broad asset-class flexibility and deep portfolio accounting capabilities, backed up by a team of focused experts. Accounting platforms with these capabilities can help improve servicer oversight, maximize profit and efficiency and enhance the integrity of accounting processes.

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Bring Efficiency & Integrity to Your Loan Accounting Processes

Accounting for your cash; down to the penny.

Streamline, Automate, and Simplify Your Operations