Payment schedules that match the mortgage — and a ledger that never loses history.
Amortivo generates each loan's schedule from its terms and posts every payment, charge and correction to an append-only ledger. When terms change, the schedule is regenerated from the effective date — history stays untouched.
Step by step
- Terms set the schedulePrincipal, rate, interest-only or blended, frequency, payment day, term and amortization.
- Interest adjustmentInterest from funding to the first regular period, collected at funding or with the first payment.
- Payments post to the ledgerEach payment is applied to arrears, fees and interest in your chosen order.
- Changes regenerate forwardA rate or date change replaces only future scheduled payments.
What changes
- Payments that match what the mortgage says
- A history auditors and lawyers can rely on
- No manual schedule rebuilding after a change
Used by
- Servicing staff
- Accountants
Capabilities
Any frequency
Monthly, semi-monthly, bi-weekly, weekly or quarterly.
Semi-annual compounding
Blended payments calculated semi-annually, not in advance.
Prepaid interest
Full or partial prepaid interest, released over the months it covers.
Remaining amortization
Re-amortizes over what remains, not the original term.
Append-only ledger
Every entry dated and permanent; corrections are reversals.
Statements
Borrower statements and annual statements from the ledger.
Questions about payment schedules & loan ledger
How are blended payments calculated?
With interest compounded semi-annually, not in advance — the Canadian convention for blended-payment mortgages.
Works together with
Mid-loan changes
Change the rate, frequency or payment date, advance more funds, accept paydowns or defer interest mid-term, with a payment preview, amending agreement and regenerated schedule.
Learn more →PAD & payment collection
Build CPA-005 pre-authorized debit files from loan schedules, record cheques and e-transfers, batch-enter payments and import settlement and return files.
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 →See your loan book in Amortivo.
A 30-minute walkthrough with your own scenarios — origination to investor payout.