$59 | Demo Video | Screenshots

System Requirements:

Windows® XP Home/XP Pro/XP Media 2005+ Windows Vista™ Home Basic/Home Premium/Business/Ultimate
Microsoft Excel 97-2003 or 2007

Description:

Sold on the Internet since 2003, and created by a loan officer for loan officers, Mortgage Maker Pro is designed to assist in the qualification, presentation, and sale of mortgage loans. Specifically designed for refinances and 2nd mortgages, Mortgage Maker Lite can be used to set up refinances, purchases, 1st’s, 2nd’s, regular installment loans, ARMs, Balloons, Option ARMs/Negative Amortization loans, and Interest-Only loans.

Then Mortgage Maker Pro gives you PI & PITI, LTV, CLTV, DTI, housing ratio, disposable income, APR, Section 32 rate test and Section 32 fee test, tax-effective interest rate, blended interest rate, accurate estimated payment schedule for ARM or Option ARM loans, a professionally formatted Customer Presentation, an advanced Amortization Schedule, and several self-populating charts & graphs. If it’s a calculation needing to be crunched, it’s likely there!

And of course, all applicable calculations have been verified to be in calculation compliance with the OCC (Office of the Comptroller of the Currency)...Don't risk losing your license, your career, and your future by using an untested, unverified loan origination program!

Also, included in Mortgage Maker Pro are several integrated loan docs with self-populating figures including a FNMA 1008 Transmittal, FNMA 1003 Loan Application, Good Faith Estimate (GFE), Truth In Lending (TIL), Borrower's Certification & Authorization, 4506-T, Title Order Form, and Appraisal Order Form.

Don't need all those docs? Check out Mortgage Maker Lite here.

Mortgage Maker Pro is the perfect mortgage loan origination program for loan officers nationwide. Net-branch style loan officers, loan officers that work from home, as well as loan officers that work in a regular office environment can benefit from this program. Amazingly helpful yet inexpensive, this impressive product has been used by U.S. loan officers and mortgage companies nationwide for years.

Here's What You Input…

• The borrower's current mortgages & mortgage balances, current debts & debt balances, property value, qualifying income, closing costs, new loan info, and loan program selected.

Here's What You Get…

• Self Calculating Figures (they calculate in 'real-time' as you work)
• Verified calculation compliance with the OCC (Office of the Comptroller of the Currency)
• PI & PITI
• If it's an ARM loan:
  • The first several rate change dates
  • The first several "best-case" new monthly payments
  • The first several "expected-case" new monthly payments
• If it's an Option ARM/Negative Amortization loan:
  • The first several payment change dates
  • The expected loan balance at those points
  • The expected new monthly loan payments at those points
• Section 32 Rate Test
• Section 32 Fee Test
• Annual Percentage Rate
• Blended Interest Rate and/or Weighted Average Rate if applicable
• Debt To Income Ratio (User controllable debt ratio calculation criteria. More info below.)
• Housing Ratio (front DTI)
• Disposable Income
• Loan To Value (LTV)
• Combined Loan To Value (CLTV)
• Cash to/from borrower at closing
• Monthly Savings from the loan - if any
• Total Closing Costs and Total Settlement Charges
• Closing Costs as a percentage of loan amount
• Tax Effective Interest Rate (properly calculated based on the borrower's stated tax bracket)
• 'Property Appreciation/Depreciation Value' calculation. User controls the following:
  • The percentage of expected property appreciation/depreciation to calculate per year
  • The number of years to calculate the 'property appreciation/depreciation for
• Sum of all monthly scheduled payments for the loan
• Investment Fund Growth Potential from monthly savings generated from new loan
• ...and much, much more!!

With Mortgage Maker Pro's straight-forward loan origination format, now you can have a loan proposal ready in minutes instead of an hour! You can feel rest assured that you'll stand out above the rest when you mail, email or fax a Mortgage Maker Pro automatically prepared Customer Presentation to your next client.

Believe it! Your job is about to get a lot easier! Have you ever worked-up a loan for someone that would save them $700/month by consolidating their bills—only to have them say “No thanks”? Mortgage Maker Pro’s Customer Presentation illustrates the loan’s key points in an easy to understand customer-friendly format. The result? When the Customer Presentation is sent… the majority of prospects say "YES"!!

Key Stand-Out Features

• Calculate for loans of up to 50yr terms!
• Advanced Amortization Schedule – allows for inconsistent extra payments to be entered while continually showing the current principal balance and correct payoff date
• Complete Closing Cost Control - Almost identical to a typical HUD-1, the user has complete control over any cost associated with the loan. The user also identifies which fees (if any) should be included in APR calculations, and which fees (if any) are to be paid outside of closing, by the lender, by the realtor, etc.
• Integrated Loan Docs (most self-populate, print them out whenever you're ready) including:
  • 1003 U.S. Residential Loan Application (with formatted continuation sheets for excessive debts)
  • Good Faith Estimate
  • Truth In Lending
  • 4506-T
  • 1008 Loan Transmittal
  • Borrowers Authorization and Certification
  • Title Order Form
  • Appraisal Order Form
• ARM Calculations!! User controls the following:
  • Choose between 1yr, 2yr, 3yr, 5yr, 7yr, or 10yr ARMs
  • Choose 12-month, 6-month, 3-month, or 1-month periods between rate adjustments (after the initial fixed period)
  • Specify the maximum rate adjustment allowed at the 1st rate change
  • Specify the maximum rate adjustment allowed at subsequent rate changes
  • Specify the Life Cap (maximum rate) for the loan
  • Specify the Floor Rate (minimum rate) for the loan
  • Based on the ARM info entered, Mortgage Maker Lite instantly displays the first several future dates when rate changes are expected to occur, the "best-case scenario" payments at those points, and also the "expected-case scenario" payments at those points.
  • The Amortization Schedule automatically calculates & shows the "expected-case scenario" payments according to the amortization program selected.
• Option ARM/Negative Amortization Calculations!! User controls the following:
  • The number of months the Start Rate is to remain fixed
  • The number of months the initial payment is to remain fixed
  • The Margin
  • The Index
  • The Interest Rate Life Cap
  • The Max Allowable Loan Balance as a percentage (in the event of an increased loan balance due to negative amortization)
  • Whether or not the loan is to be recast at 60-months
• Debt Ratio 'Calculation Criteria' Control!! A definite must-have for any loan officer preparing an ARM, Interest-Only, or Option ARM/Negative Amortization loan! Of the following choices, the user controls which monthly payment the Debt Ratio calculations are dependent on:
  • 1st Monthly Loan Payment
  • Monthly Payment at 1st Rate Change
  • Monthly Payment at 1st Payment Change
  • Fully-Indexed Interest-Only Month-1 Payment
  • Fully-Indexed Fully-Amortized Month-1 Payment
  • Loan Payment at Month-13
  • Loan Payment at Month-25
  • Loan Payment at Month-37
    
• Four Impressive, eye-catching 'Loan Breakdown Charts’!!
  • CHART #1 - Impressive, colorful, eye-catching “P&I Monthly” chart follows each monthly payment. One quick glance shows the expected rise and fall of monthly P&I payments over the life of the loan.
  • CHART #2 - Impressive, colorful, eye-catching “Principal vs. Interest” chart illustrates how each monthly payment is applied once it's split into separate principal and interest payments. Shows the point of time when the monthly principal being applied to the loan overtakes the monthly interest charged.
  • CHART #3 - Follows the loan's principal balance through the entire loan. One quick glance shows the expected rise and/or fall of the loan balance monthly, over the life of the loan.
  • CHART #4 - In "Bar Graph" format, it clearly shows the total interest paid over the life of the loan vs. the total principal paid over the life of the loan.

As an added bonus, the following blank docs in PDF format are included with Mortgage Maker Pro. The docs are blanks in PDF format, ready to be printed out and completed by hand:

• Fair Lending Disclosure form
• ECOA Disclosure form
• Servicing Rights Disclosure form
• Section 32 Disclosure form
• Verification of Employment (VOE) order form
• Verification of Deposit (VOD) order form

Oh, and did we mention that Mortgage Maker Pro has no quarterly, annual or other recurring fees involved with its use? Absolutely none. Once you purchase your license, it’s yours to use.

The purchaser will receive 1 (one) license to use the Mortgage Maker Pro loan origination software. That person's name, company name, phone number, and email address (or website address) will appear on all customer presentations, amortizations, etc. created by their licensed copy of the software. If Mortgage Maker Pro is needed for more than 1 person/loan officer, then additional licenses must be purchased.

Mortgage Maker Pro loan origination software is a Microsoft Excel-based program. Actual Microsoft Excel 97 or greater is required to run this program (Excel 2002 or greater is recommended). Microsoft Excel is not included with Mortgage Maker Pro.

Mortgage Maker Pro is only available from CalculationCrunchers.com.

Screenshots

Click for larger, more clear images (images open in new window).

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