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Now downloading free:IBM E20-0043 Mortgage Loan Accounting

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File name:E20-0043_Mortgage_Loan_Accounting.pdf
[preview E20-0043 Mortgage Loan Accounting]
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Model:E20-0043 Mortgage Loan Accounting 🔎
Original:E20-0043 Mortgage Loan Accounting 🔎
Descr: IBM generalInfo E20-0043_Mortgage_Loan_Accounting.pdf
Group:Electronics > Other >
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E20-0043_Mortgage_Loan_Accounting.pdfMORTGAGE LOAN ACCOUNTING Progressive commercial banks, savings banks, savings and loan associations, mortgage servicing companies and insurance companies long have recognized the advantages of utilizing IBM Data Processing Systems for Mortgage Loan Accounting. The flexibility of the IBM Method permits the design of procedures to meet individual needs. For instance: A number of customers are using the IBM 557 Interpreter with Selective Line Printing to automatically print their Ledger Cards. Other customers use the IBM Balance Cards as their Ledger Records and periodically use them to list an Historical Record of transactions and balances by mortgagor. A copy of this listing, showing prinCipal, interest, escrow payments and escrow disburse- ments, mailed to the mortgagor at year end, eliminates inquiries for data to support income tax returns. The customer whose procedure is described in this book prepares his Ledger Cards on the IBM 954 Facsimile Posting Machine. On mortgage bill

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