Mortgage Industry – Khaalpine

Mortgage Services Offered:

KHA Alpine can do it all or fill in the gaps. Each potential client is assessed to determine their specific needs. A menu of services is available. Fees for our basic level of service are determined on a per loan basis. Outsourcing your bookkeeping to us allows you to convert a fixed cost into a variable cost that adjusts in real time to fit your level of business.

Daily general bookkeeping functions including:

Having an expert bookkeeping department at your disposal, the cost for which varies directly and in real time with your level of business activity, is a valuable competitive advantage.
Further, outsourcing the basic bookkeeping to us helps mitigate substantial costs such as benefits, training, bookkeeping systems acquisition and maintenance.
Daily wire and deposit posting, plus accounts payable back-up support when necessary
Daily entry of receipts into General Ledger and creation of any receivable items, maintenance of all GL customer accounts
Customer Invoicing and Accounts Receivables
Accounts Payable and Vendor Management
Merchant Services—Credit, Debit processing with GL interface
Fixed Asset Management and Depreciation Maintenance
Daily reconciliation of incoming cash items with GL and receivable accounts
Daily entering of any payable items necessary to reconcile incoming cash
Day end reporting of closing cash balances
Day end warehouse reconciliation and reporting

Month-end closing and financial reporting including:

Bank reconciliations
GL account reconciliations
Account Receivable reconciliations
Customer account reconciliation
Prior Period reconciliation
Warehouse reconciliation/Compliance Reporting
Journal Entry postings and accruals for taxes, distributions, etc.
Reporting of payments not received and/or writeoffs
Preparation and delivery of Draft and Final Monthly Financial Reports
Redundant maintenance of all financial reporting, reconciliation and back-up

Full support for annual external financial audit including:

Engagement consultation
Audit conferences and data and document preparation and delivery
Communication and support with external auditors
Research and reporting
Entry of any necessary adjusting items

Year-end IRS/other agency reporting

1099’s and 1098’s as necessary
HMDA
NMLS Call Reporting
Investor/Warehouse Reporting—including Monthly/Quarterly compliance certificates

Human Resources Support

Commission/Bonus Calculation and reporting
Compensation compliance reconciliation to employment agreements and industry regulations
Payroll processing and delivery with direct interface to general ledger system
On-line paystub delivery to employees
IRA/401k reporting and bookkeeping/remittances to provider
On-boarding of new employees as well as necessary terminations
Benefits coordination and communication
Liaison between Client’s employees and benefits providers

Financial Review and Ad-hoc reporting

Additional services and consultation as necessary to support client’s financial performance internally as well as with associated partners and other venture partners, if any.