The product
One servicing workflow, from boarding to payoff.
Walk through all five servicing stages on a sample loan book.
Run interest, invoicing & payments
Calculate interest using the loan's stored convention, prepare the borrower invoice, post and apply payments to the correct period, work reversals, apply configured fees, and see what remains outstanding.
- Contract-based interest accruals per loan
- Borrower invoices with interest, reserves, fees & tax
- Record, apply, and reverse payments by period
- AR aging, delinquency, and fees across the book
What to notice
Interest-reserve funding offsets the interest line, so the borrower's cash due this month is just the servicing fee and tax collection.
Approach
Interest reserves draw down against the schedule you set and bill the borrower once depleted. Each payment applies to a specific period and can be reversed if it bounces.
Boundary
LoanConsole records money that already moved. It never initiates ACH, holds funds, or custodies borrower money. Reserve records support servicing; they are not a RESPA escrow analysis.