LoanMaster Loan Servicing Features
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 loan payments
Single click reversal of complete loan payment transaction
Single click complete payoff with loan payoff report.
Single click local or remote data backup
Access loan or customer data from Microsoft Excel
Access loan or customer data from Microsoft Access
ODBC interface to data Compatible with any ODBC report writer
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
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.
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 option
Source code hooks allow you to write your own code and call it from
within the system.
LoanMaster Loan Servicing Reports:
Trial Balance ( 6 options )
Past Due Aging ( 4 options )
Past Due Loan List summary
Past Due Loan Details for customer phone contacts
Cash Payments Received
Interest and Principal Paid by Date Range
Transaction Posted Detail
Deferred Gain ( 2 options)
Daily Cash Balancing
Loan Payoff Report *
Loan Statements *
Loan Balance Variance Report Scheduled vs Actual
Billing and Past Due Notices
( 5 options )
*
Past Due Payment Invoice *
Payment Coupons
Payment Receipt
Daily Accruals
Deferred Gain
Loan
Deferrals Expiring
1098 Forms
Year End Loan Status Report *
Loan (current) Status Report ( 4 pages per loan )
Loan Payoff Report (for current or future date)*
User defined Microsoft Word Documents ( unlimited options )
* (Ready to mail Columbia Window Envelope)
View and Print LoanMaster Sample Reports (PDF Format)
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