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Features > Loan Servicing
Loan Servicing
The system can track loans, including principal balances owed, accrued interest, default interest, late fees, and any other terms outlined in the loan agreement.
Borrower interest is calculated automatically each day by the system. Reports can be run to show principal advances, collateral, repayments, interest accruals, interest payments, and principal balances.
Interest rates can be tracked for borrower interest calculations that utilize certain benchmarks, such as Prime or LIBOR.
The system generates borrower billing statements as well, and payments can be posted easily and automatically when received.
Follow the links below for sample screen shots and reports relating to loan servicing.
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