SIC Code 6162-03 - Mortgage Amortization Schedules
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SIC Code 6162-03 Description (6-Digit)
Mortgage Amortization Schedules is an industry that involves the creation and management of schedules that outline the repayment of mortgage loans. These schedules are used to calculate the amount of each payment, the portion of each payment that goes towards interest and principal, and the remaining balance of the loan after each payment. Mortgage Amortization Schedules are essential for both lenders and borrowers as they provide a clear understanding of the loan repayment process and help to ensure that payments are made on time and in full. This industry is a subdivision of the Mortgage Bankers and Loan Correspondents industry, which is responsible for originating, servicing, and selling mortgage loans.
Hierarchy Navigation for SIC 6-Digit Code 6162-03
Parent Code (less specific)
Tools
- Amortization calculators
- Loan servicing software
- Payment processing systems
- Mortgage origination software
- Loan management systems
- Accounting software
- Customer relationship management (CRM) software
- Document management systems
- Compliance management software
- Risk management software
- Data analytics tools
- Reporting tools
- Electronic signature software
- Mobile applications
- Online payment portals
- Automated underwriting systems
- Fraud detection software
- Loan modification software
- Escrow management software
- Title insurance software
Industry Examples of Mortgage Amortization Schedules
- Loan repayment schedules
- Mortgage payment calculators
- Amortization tables
- Payment due date reminders
- Loan payoff statements
- Payment history reports
- Loan modification agreements
- Escrow account statements
- Title insurance policies
- Mortgage servicing agreements
- Loan origination documents
- Credit reports
- Appraisal reports
- Property inspection reports
- Flood zone determination reports
- Homeowner's insurance policies
- Closing disclosure statements
- Truth in Lending Act (TILA) disclosures
- Good Faith Estimate (GFE) forms
SIC Code 6162-03 - Mortgage Amortization Schedules
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