Mortgage and Asset Securitization
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PoolMaker™ and PoolManager™ are specialty Mortgage Backed Securities (MBS)
systems. Following stringent CMHC regulations, PoolMaker and PoolManager
provide a solution for optimizing, managing and reporting on mortgage pools.
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GPG’s MBS System is a product unique in the industry. Integrating with any
mortgage system, the two modules effectively administer both NHA and non-NHA
pools.
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PoolMaker
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PoolMaker simplifies the mortgage selection process for Mortgage Backed
Securities by identifying pools according to user-defined criteria and federal
regulations. By presenting only valid pools, PoolMaker allows you to optimize
complex pools of mortgages in coordination with specific organizational goals.
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Benefits:
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Efficiently optimize pools.
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Update mortgage pools as often as necessary.
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Ensure the acceptability of potential pools.
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Issue new pools on short notice.
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Features:
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Electronic data load of available mortgages.
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Removes mortgages from a marked pool when changed mortgage conditions
invalidate it for that pool.
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Standard CMHC reports (2824 and 2834).
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Automatic transfer of issued pools to PoolManager.
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PoolManager
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PoolManager manages existing pools by offering electronic file loads
(transactions, liquidations, principal reductions) as well as manual
transactions, liquidations and replacements. A full history of each mortgage
and pool as a whole is retained within PoolManager. Standard regulatory reports
and electronic extracts simplify the monthly reporting process.
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Benefits:
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Automated posting of CMHC payments.
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Standard monthly reports (including CMHC's 2840, 2824 and 2842 reports).
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Required electronic data files (e.g. CMHC, Smart Trust, etc.).
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Features:
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Load transactions and changes to mortgage terms directly from a core system.
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Post an unlimited number of transactions into any period.
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Effectively identify and manage incomplete liquidations and prepayments.
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Maintain independent Investor Loan Balance (ILB) transaction records (CMHC
balances).
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Delete current accounting period transactions (including liquidations).
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Manage split pools with an unlimited number of investors.
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Produce official monthly reports for the security holder and CMHC.
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Archive transactions from previous months.
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