Margill Loan Manager vs The Mortgage Office

Margill Loan Manager automates loan servicing tasks including interest calculations, amortization schedules, payment tracking, reminders, fees, and reporting. It supports workflows for personal, installment, corporate, syndicated, mortgage, auto, student, and bridge loans, among others. Calculation options include simple, capitalized simple, and compound interest, APR, multiple day counts, and different payment and compounding periods. Schedules can accommodate regular, irregular, partial, late, extra, lump-sum, interest-only, principal-only, and mixed payments. Listed integrations include Salesforce, Sage, QuickBooks, Xodo eSignature, NACHA, SEPA, JSON, and Excel. Deployment choices include Windows-based installation, Margill Azure Cloud SaaS, or a customer's own cloud; Mac users can run it with Parallels. A borrower and investor portal is available for the cloud SaaS version, with the organization controlling which loan information users see. The product is described as managing 10 to 100,000+ loans. Pricing depends on loan and user counts; SaaS and web versions have a monthly fee, while licensed software has no monthly fee. A 30-day full-version trial is offered.

The Mortgage Office is a cloud platform for managing loans from origination through payoff. Its origination tools handle applications, underwriting, approvals, documents and funding, then transfer funded loans to servicing without data re-entry. Servicing supports automated payments, interest and escrow calculations, investor accounting, construction draws and regulatory reporting. The platform also covers payment processing, fee calculations, accounting, reporting, compliance tools, and fund and investor management. Borrower and investor portals provide access to account information, documents, statements and payment activity. Supported loans include conventional, commercial, construction, adjustable-rate, HELOC, rehab, DSCR, bridge, auto and equipment loans. The vendor also lists performing and non-performing loans and complex structures. Integrations include QuickBooks and other systems, with an open API for connections such as Salesforce. The platform is web-based and requires no installation when accessed from a device with a high-speed internet connection. The vendor states it maintains SOC 2 Type II compliance and uses Azure managed encryption for data in transit and at rest. Pricing is available from sales on request.