Collect every payment by PAD — without rebuilding a list each month.
Amortivo knows what is due from every loan. Each month it builds the CPA-005 debit file for your bank, adjusts dates for weekends and holidays, and records settlements and returns against each payment.
Step by step
- Create the batchChoose the debit date; eligible payments are listed with any problems flagged (no PAD agreement, missing account).
- Download the bank fileA CPA-005 file in the standard Canadian format, ready to upload in online banking.
- Record the settlementMark the batch settled; every payment posts to its loan and to trust.
- Handle returnsImport the return file — each return becomes an NSF with fees, notices and collections.
What changes
- The PAD file is built, not typed
- Every return followed up the same day
- Payments posted to the loan, trust and books at once
Used by
- Servicing staff
- Accounting
Capabilities
CPA-005 debit files
Originator ID, file creation number and business-day dates handled for you.
Re-presentment
Offer returned debits again with fees — not pre-selected when a payment arrangement is in place.
Cheques and e-transfers
Record payments by any method, with post-dated cheques kept on file.
Batch entry
Record a day's deposits in one screen, with overpayment handling per line.
Receipts
Email receipts to borrowers automatically or on request.
Deposit account
Payments credited to trust or operating according to your settings.
Questions about pad & payment collection
Do you connect directly to the bank?
Amortivo produces the CPA-005 file your bank accepts for PAD; you upload it in online banking. Settlements and returns are recorded in Amortivo.
Works together with
NSF & collections
NSF handling with fees and notices, a collections workflow with reminders, arrangements, letters, lawyer referral and enforcement tracking for private mortgages.
Learn more →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 →Trust ledger
A trust ledger posted automatically from payments, advances and distributions, with sub-ledgers for each lender, the company, borrower reserves and holdbacks.
Learn more →See your loan book in Amortivo.
A 30-minute walkthrough with your own scenarios — origination to investor payout.