Loan Servicing Software Features

Accounting

Built-in accounting or integration with a third party accounting system

Amortization Schedule

Create a table of loan payments showing dates, amount of principal, amount of interest, and remaining balance

Auto Loans

Type of loan used to finance the purchase of a motor vehicle

Automatic Funds Distribution

Automatic transfers to/from a borrower¿s account on a regular, periodic basis

Borrower Management

Searchable database of information about loan borrowers

Business Loans

Type of loan used to finance business expenses

Collateral Tracking

Link and track collateral information associated with one or multiple loans

Collections Management

Track and manage customer payments that are overdue

Compliance Management

Track and manage non-adherence to policies in a service, product, process, or supplier behavior

Construction Loans

Type of loan used to finance construction projects

Document Management

Collect, upload, store, and share all documents in a centralized location making it easier for everyone involved to access information

Investor Management

Automated payments and reporting for investors

Loan Processing

Collect, organize, and prepare loan information to send to the lender for approval

Student Loans

Type of loan designed to help students pay for post-secondary education and associated fees

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