SYNDi manages mortgages and other loans in cases where an investor or a group of investors lends money for a loan. It is used primarily by Mortgage Brokers and Syndicators. In a typical scenario, the company sets up the syndicate, advances the loan amount to the borrower, receives the payment on monthly basis and distributes it to the investors after deducting a percentage from the interest amount as the management fee. The system automates the loan management cycle and maintains relevant records until the loan is paid off.

SYNDi handles all loans including mortgages that are payable in monthly installments (interest only or amortized over a period with a balloon payment).

SYNDi cuts down paperwork and saves time so that you concentrate on marketing while SYNDi takes care of managing the mortgage cycle.

Features of the Software
	Interest-only loans or Blended Payments;
	Provision of payment of fixed amount from the principal at regular intervals;
	Amortization Tables based on loan profile;
	U.S. and Canadian interest calculation algorithms;
	Calculation of Federal and State / Provincial taxes on management fee;
	Calculation of Late Payment Charges;
	Withholding of Non-Resident Tax from interest payments to investors;
	Renegotiation of terms during the life of a loan;
	Provision for investors to withdraw and be replaced by new investors during the term of a loan;
	Generation of detailed or consolidated entries for General Ledger;
	Integration with Sage Accpac and Simply Accounting;
	Printing of checks for investors;
	Provision to reverse borrower receipts and apply NSF charges;
	User-friendly inquiry and data-entry screens;
	Integrated with Accpac ERP and Simply Accounting;
	Minimal training requirements;
	Intuitive data-entry procedures;
	35 built-in reports;
	Access to data by standard report-writing tools such as Crystal Reports to generate customized reports

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For further details, please download the software and go through the User Manual.