Rate changes, draws and paydowns — dated, previewed and documented.
Life happens between funding and maturity. Each change is dated, previewed before you save it, reflected in a regenerated schedule from its effective date and documented with an amending agreement.
Example: interest rate change
Until the effective date, interest, arrears and payouts use the old rate.
Step by step
- Choose the changeRate, frequency or payment date change, additional advance, paydown or interest deferral.
- Preview itSee the new payment and per diem before anything is saved.
- Save with an effective dateFuture-dated changes take effect on their date; until then the current rate applies.
- Document and notifyGenerate the amending agreement, update the PAD amount and notify lenders.
What changes
- No side spreadsheets for changes
- Correct interest on both sides of a change
- Lenders and borrowers informed in writing
Used by
- Servicing staff
- Owners
Capabilities
Rate changes
Effective on a date, with interest split across the change.
Draws
Additional advances with lender shares and combined-LTV checks.
Paydowns
Principal reductions returned to lenders pro rata.
Deferrals
Interest deferred and payable later.
Frequency and date changes
Re-amortized over the remaining amortization.
Amending agreement
Generated from your template with the old and new terms.
Questions about mid-loan changes
What happens before a future-dated rate change takes effect?
The loan keeps its current rate until the effective date. Interest, arrears interest and payout statements use the rate in effect on each day.
Works together with
Payment schedules & loan ledger
Interest-only or blended payment schedules on any frequency with semi-annual compounding, interest adjustments, prepaid interest and an append-only loan ledger.
Learn more →The loan file
One page per loan: balance, next payment, arrears, terms, fees, borrowers, properties, lenders, documents, renewals and a full status history.
Learn more →Investor distributions
Pay each investor their share of interest collected at their own rate, hold shares on unpaid loans, apply management and referral fees and pay by EFT or cheque.
Learn more →See your loan book in Amortivo.
A 30-minute walkthrough with your own scenarios — origination to investor payout.