# Amortivo

> Amortivo runs a private mortgage lender's whole business in one system: origination, loan servicing, PAD payments, investor distributions, trust accounting, general ledger, FINTRAC and borrower, investor and broker portals.

Amortivo is web-based software for private mortgage lenders, mortgage investment corporations (MICs), licensed mortgage administrators and syndicators. It covers the whole loan lifecycle (lead, approval, funding, servicing, renewal, payout) plus investor distributions, trust accounting, a general ledger, FINTRAC compliance records and borrower, investor and broker portals. Built-in formats include CPA-005 PAD and EFT bank files, T5 investor slips and FINTRAC records.

## Platform
- [Origination](https://amortivo.com/platform/origination/): From the first call to the funded loan, every detail is captured once and carried forward — to the commitment letter, the lawyer's funds flow and the loan file.
- [Loan servicing](https://amortivo.com/platform/servicing/): Amortivo keeps an append-only ledger for every loan. Payments, charges, rate changes, renewals and payouts all post to it — so the balance, the statement and the payout always agree.
- [Investors & distributions](https://amortivo.com/platform/investors/): Each lender's position, rate and payout method is tracked on every loan. Each month Amortivo works out what was collected, what each lender is owed and what must be held — then pays it after a second person approves.
- [Trust accounting](https://amortivo.com/platform/trust-accounting/): Every dollar that enters or leaves trust posts to the trust ledger automatically — borrower payments, lender advances, distributions, fees and transfers — with a sub-ledger for every lender and loan.
- [General ledger](https://amortivo.com/platform/general-ledger/): Amortivo posts the accounting for every loan event automatically — interest billed and collected, fees, advances, write-offs and distributions — into a full general ledger with trust money kept separate.
- [Compliance & FINTRAC](https://amortivo.com/platform/compliance/): Since October 2024, mortgage lenders, brokers and administrators have FINTRAC obligations. Amortivo keeps the records with the client and the loan — where an examiner expects to find them.
- [Portals](https://amortivo.com/platform/portals/): Fewer calls and emails: the people you work with see what they need and send requests through a secure portal. Nothing changes until your staff approve it.
- [Reports & risk](https://amortivo.com/platform/reports/): Every figure in the reports comes from the same ledger as the loans, so the numbers agree with each other — and with your accountant.

## Features
- [CRM & contacts](https://amortivo.com/features/crm-and-contacts/): A CRM built for private lending: borrowers, guarantors, lenders, brokers and lawyers with calls, emails, SMS, notes, tasks and documents on one timeline.
- [Lead pipeline](https://amortivo.com/features/lead-pipeline/): A visual pipeline from first enquiry to funded deal, with stage rules, follow-up tasks, lost reasons and the value of every stage.
- [Quick quote](https://amortivo.com/features/quick-quote/): Rate-sheet pricing by position, property type and LTV band, combined LTV for second mortgages, lender and broker fees and the net advance to the borrower.
- [Underwriting & approvals](https://amortivo.com/features/underwriting-and-approvals/): Underwriting files with a risk scorecard, approval memo, conditions, approval limits by role and credit-committee decisions for private mortgage lenders.
- [Commitment letters & e-signature](https://amortivo.com/features/commitment-and-esignature/): Generate commitment letters and disclosures from your own templates with every figure filled in, send them for electronic signature and track the commitment fee.
- [Deal funding & lawyer instructions](https://amortivo.com/features/deal-funding/): Allocate a private mortgage across lenders, track their funds into trust, build the funds flow and lawyer instructions, and release the advance.
- [The loan file](https://amortivo.com/features/loan-file/): One page per loan: balance, next payment, arrears, terms, fees, borrowers, properties, lenders, documents, renewals and a full status history.
- [Payment schedules & loan ledger](https://amortivo.com/features/payment-schedules/): Interest-only or blended payment schedules on any frequency with semi-annual compounding, interest adjustments, prepaid interest and an append-only loan ledger.
- [PAD & payment collection](https://amortivo.com/features/pad-payments/): Build CPA-005 pre-authorized debit files from loan schedules, record cheques and e-transfers, batch-enter payments and import settlement and return files.
- [NSF & collections](https://amortivo.com/features/nsf-and-collections/): NSF handling with fees and notices, a collections workflow with reminders, arrangements, letters, lawyer referral and enforcement tracking for private mortgages.
- [Mid-loan changes](https://amortivo.com/features/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.
- [Renewals](https://amortivo.com/features/renewals/): A 90-day maturity pipeline, renewal offers with new terms and fees, updated property information and lender consent — recorded as a new term on the same loan.
- [Payouts & discharges](https://amortivo.com/features/payouts-and-discharges/): Payout and discharge statements with accrued interest to the day, arrears, fees and penalty, per diem after the good-until date, and the split back to each lender.
- [Property monitoring](https://amortivo.com/features/property-monitoring/): Track appraisals, property tax and insurance on every security property, with reminders, requests to borrowers and title alerts.
- [Lender & investor management](https://amortivo.com/features/lender-management/): Lender and investor profiles with capital committed, deployed and available, positions by loan, sub-investors, payout preferences and banking with two-person changes.
- [Investor distributions](https://amortivo.com/features/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.
- [Investor statements & T5s](https://amortivo.com/features/investor-statements-and-t5/): Lender statements for every distribution, annual statements and T5 preparation from interest actually paid, with the $50 threshold applied.
- [Trust ledger](https://amortivo.com/features/trust-ledger/): A trust ledger posted automatically from payments, advances and distributions, with sub-ledgers for each lender, the company, borrower reserves and holdbacks.
- [Three-way trust reconciliation](https://amortivo.com/features/trust-reconciliation/): Import the trust bank statement, auto-match lines and prepare the monthly three-way reconciliation of bank, book and client ledgers, signed off by a second person.
- [Trust transfers](https://amortivo.com/features/trust-transfers/): Transfer the company's earned spread and fees from trust to operating, with the maximum calculated for you and a different person required to approve.
- [General ledger](https://amortivo.com/features/general-ledger/): A full general ledger for private lenders: chart of accounts, automatic postings from servicing and trust, manual journals with approval and reversals instead of edits.
- [Payables & expenses](https://amortivo.com/features/payables/): Vendors, bills with invoice attachments, quick expenses, partial payments, second-person approval above your threshold and A/P aging for private lenders.
- [Operating bank reconciliation](https://amortivo.com/features/operating-bank/): Import operating bank statements, match lines to journals automatically, create journals from bank lines and sign off a monthly two-way reconciliation.
- [Financial statements & close](https://amortivo.com/features/financial-statements/): Trial balance, profit and loss on an accrual or cash basis, balance sheet, cash flow and GL detail with comparatives, plus a period-close checklist and year-end close.
- [FINTRAC & KYC](https://amortivo.com/features/fintrac-kyc/): Client identification, PEP and sanctions screening, risk ratings, periodic reviews, FINTRAC report preparation and your compliance program for mortgage lenders.
- [Beneficial ownership](https://amortivo.com/features/beneficial-ownership/): Record directors and owners of 25% or more for corporate and trust borrowers and lenders, how ownership was confirmed, and see which entities are still missing a record.
- [Roles, permissions & audit trail](https://amortivo.com/features/roles-and-audit-trail/): Role-based permissions with custom roles, approval limits, masked sensitive fields, two-step sign-in and a full audit trail of every change.
- [Borrower portal](https://amortivo.com/features/borrower-portal/): A secure borrower portal for balances, payment history, statements and documents, payout statement requests, renewal responses and payment-method changes.
- [Investor portal](https://amortivo.com/features/investor-portal/): A secure investor portal with positions, distributions, statements and T5 slips, new deal offers, renewal consent and dual-control banking changes.
- [Broker portal](https://amortivo.com/features/broker-portal/): A broker portal for deal submission with duplicate checks, document upload by condition, deal status and fee payments.
- [Reports & dashboards](https://amortivo.com/features/reports-and-dashboards/): A live dashboard and over 40 reports — maturities, payments, arrears, lender positions, capital, fee income, T5, financial statements — plus a custom report builder.
- [Portfolio risk](https://amortivo.com/features/portfolio-risk/): A portfolio risk dashboard with concentration limits by region, borrower and property type, LTV bands, maturities, arrears and loans needing attention.
- [Documents & templates](https://amortivo.com/features/documents-and-templates/): Document storage by loan and contact, missing-document tracking, secure upload links, and a template library for letters, statements and notices with merge fields.
- [Tasks & automation](https://amortivo.com/features/tasks-and-automation/): Tasks and reminders for every team member, plus automation rules that send messages and create tasks on dates and events across leads and loans.
- [Data migration](https://amortivo.com/features/data-migration/): Import contacts, loans, lender positions, payment history and documents from spreadsheets or another system, with test runs, error reports and rollback.

## Who it is for
- [Private lenders](https://amortivo.com/for/private-lenders/): Run your own book like an institution — without hiring a back office.
- [MICs and funds](https://amortivo.com/for/mics/): Many investors, many loans and one source of truth for every dollar.
- [Mortgage administrators](https://amortivo.com/for/mortgage-administrators/): Administer loans for investors with the trust controls and records your licence requires.
- [Syndicators](https://amortivo.com/for/syndicators/): Split every deal across lenders and pay each one exactly their share.

## Security and controls
- [Security](https://amortivo.com/security/): data isolation, encryption, role permissions, two-person approvals, two-step sign-in, audit trail.

## Guides
- [How to do a three-way trust reconciliation for mortgage trust accounts](https://amortivo.com/guides/three-way-trust-reconciliation/): A step-by-step guide for Canadian mortgage brokerages, administrators and private lenders: what a three-way reconciliation is, how to prepare it each month and the mistakes that cause it not to balance.
- [How to calculate a mortgage payout (discharge) statement](https://amortivo.com/guides/mortgage-payout-statement-calculation/): A worked example for private lenders: principal, accrued interest and per diem, arrears, fees and prepayment penalty — and the rounding mistakes that make payout figures disagree.
- [Semi-annual compounding and the Interest Act: calculating blended mortgage payments in Canada](https://amortivo.com/guides/interest-act-semi-annual-compounding/): Why Canadian blended-payment mortgages compound semi-annually, how to calculate the payment, and how much the difference from monthly compounding is on a real example.
- [T5 slips for private mortgage investors: who files, what to report and when](https://amortivo.com/guides/t5-slips-for-mortgage-investors/): How T5 reporting works when a MIC, administrator or private lender pays mortgage interest to investors: the $50 threshold, what goes in box 13, deadlines and the records you need all year.
- [FINTRAC for private mortgage lenders and administrators: an overview](https://amortivo.com/guides/fintrac-for-private-mortgage-lenders/): Mortgage lenders, brokers and administrators became FINTRAC reporting entities in October 2024. An overview of the compliance program, client identification, record keeping and reporting obligations.
- [CPA-005 PAD files explained: collecting mortgage payments by pre-authorized debit](https://amortivo.com/guides/cpa-005-pad-files-explained/): How Canadian private lenders collect payments by PAD: the CPA-005 file standard, PAD agreements under Payments Canada Rule H1, returns and NSFs, and how to keep it from becoming a monthly spreadsheet job.
- [How monthly interest distributions to mortgage investors work](https://amortivo.com/guides/investor-interest-distributions/): For MICs, syndicators and administrators: how to split collected interest between investors and the company, what to do when a borrower doesn't pay, and how fees and sub-investors fit in.

## Frequently asked questions
- Who is Amortivo for? Private mortgage lenders, mortgage investment corporations (MICs), syndicators and licensed mortgage administrators who fund and service loans for their own book or for investors.
- What does Amortivo replace? The patchwork most private lenders run on: the loan-register spreadsheet, investor-payout spreadsheet, CRM, PAD lists, trust-reconciliation workbook and much of the re-keying into accounting software.
- Does Amortivo replace QuickBooks or Xero? It can. Amortivo keeps a full general ledger with trust money segregated, payables, bank reconciliation and financial statements. If your accountant prefers their own system, Amortivo exports the journals to QuickBooks Online or Xero.
- Can Amortivo pay investors automatically? Amortivo calculates each lender's share of interest collected, holds shares on unpaid loans, applies management and referral fees, and produces an EFT file or cheques after a second person approves the run.
- Does Amortivo handle trust accounting and three-way reconciliation? Yes. Every borrower payment, lender advance and distribution posts to a trust ledger with sub-ledgers per lender and loan, and the monthly three-way reconciliation is prepared and signed off by a second person in the app.
- Can we move our existing loans in? Yes. Contacts, loans, lender positions, payment history and documents import from spreadsheets with a test run first, and every import can be rolled back.
- Where is my data stored? In secure, access-controlled hosting. Each firm's data is isolated, sensitive identifiers such as bank account numbers and SINs are encrypted, and every action is logged.
- Which bank files and compliance records are built in? CPA-005 PAD and EFT files, semi-annual compounding for blended payments, T5 preparation, FINTRAC records and trust controls are built in rather than added on. Ask us about the formats your market and regulator use.
- Is there a free trial? Yes — 14 days, no credit card. Your trial opens with a sample book of deals, funded loans, lenders and payments so you can see how it fits together, and one click clears it before you bring in your own loans. During the trial, outgoing email goes only to you.
- Do borrowers and investors get access? Optionally. Borrower, investor and broker portals can be switched on individually; every request made in a portal is approved by your staff before anything changes.

## Contact
- [Book a demo](https://amortivo.com/demo/)
- Sales and demos: hello@amortivo.com
- General enquiries: info@amortivo.com
- Privacy: privacy@amortivo.com