How many excel sheets/files do you extrapolate to create a purchase advice/funding settlement?  How long does it take to crack the “tape” transaction after transaction, month after month from the same seller/originator?  How many rates are you effectively using to calculate accrued interest on ARM loans especially Hybrid ARM loans?  How many excel files do you end up organizing and keeping in sync?

With Correct Balance’s Purchase Advice module, increased efficiency and accuracy is given.  Imagine being able to crack the seller’s tape only one (1) time. No need to cut and paste to create a purchase advice, it maintains historical, easy to access database.  The Purchase Advice module will automatically validate whether you have all of the data elements required for each loan, create edit checks, create an accurate purchase advice taking into consideration various ARM parameters to accurately calculate corresponding interest rate(s) effectively at the time of settlement.