Features of LOANMASTER:
Billing notice, both will be due notices and past due notices
are created from templates which consist of Microsoft Word
documents. You can edit the templates to say whatever you
like. You can put your company logo and use your favorite
fonts. There are multiple past due notices: less than 30
days, 30 to 59 days, 60 to 89 days, and over 90 days. Each
can have whatever wording you like. Each loan payment notice
created will look exactly like your custom template with
the specific data for each loan inserted.
These loan payment notices are created as Word documents
and printed automatically. You have the option to save them
in your DATA directory in case you want to print them manually.
( They are only present until the next daily loan update.)
Import data from Excel spread sheets. Pre formatted sheets
provided by BLS psdk03. You fill in the old data.
Up to 25 simultaneous users
Full function Reg-Z loan calculator
Single screen setup of installment sales of real estate
including deferred gain calculation
Unlimited Multiple portfolios
Simple interest loans of any type
Single click posting of normal payments
Single click reversal of complete payment transaction
Single click complete payoff with payoff report.
Single click local or remote data backup
Access data from Microsoft Excel
Access data from Microsoft Access
ODBC interface to data
Default ( penalty ) rate on defaulted loans (Multiple default
rate indexes)
Deferred income for installment sales
Escrow payments and balance
Collection history
Collection expenses, capitalized and expensed, and legal
expenses
Date of default
Statute of limitations date
Collection Priority
Origination Fees
Capitalized Costs
FASB91 amortization of origination fees
FASB91 amortization of purchase discount
Aging history: Number of times 10,30,60,90,120 days delinquent
Number of late charges assessed
User defined penalty
Sharing of principal, interest and late charge payments
between two entities.
Loan guarantor and % guaranteed
Variable and Adjustable rate loans (Multiple rate indexes
for each type)
IRS 1098 (Different lender ID for each Portfolio)
Automatically assigned loan numbers (optional)
Year-end status of every loan maintained for history
Data edits log records all data changes and user id.
Credit card type billing
Loan Grade and Regulatory Classification
Source code hooks allow you to write your own code and call
it from within the system.
