MMG Capital’s accounting and reporting department has received a huge facelift recently thanks to The Mortgage Office by Applied Business Software. The Mortgage Office is full-scale, professional, private lending software that provides superior functionality for loan servicing and investor reporting.

According to Chris Gleason, the company’s Managing Director, the upgrade became necessary because of the company’s continued growth in 2010. “As more and more investors began relying on MMG to manage their investments, the responsibility of reporting earnings and disbursing funds became ever more relevant.”

With the addition of The Mortgage Office, MMG Capital is now positioned to grow its investor base significantly without having to worry about an increased burden to its accounting department. Most accounting functions are now automated – loan payments are received, amounts are automatically disbursed, and checks are printed for MMG Investors. In the case of those investors that wish to keep their funds in an MMG trust account for future reinvestment, the funds are automatically deposited for them and trust statements are sent out monthly.

Not only will The Mortgage Office give MMG Capital accounts and reporting a facelift in 2010, but they’ll also leave plenty of room for growth and functionality in the future. A couple of other benefits that investors will see coming their way soon are ACH payments (Automatic deposits) into their bank accounts and real-time online reporting that will allow investors to access their accounts securely on the web.

“We’re very excited about the addition of The Mortgage Office and to have Applied Business Software on our team,” said Gleason. “It’s yet another giant step for this company.”