LoanMaster

LoanMaster Loan Servicing Features:Up to 25 simultaneous usersFull function Reg-Z loan calculatorSingle screen setup of installment sales of real estate including deferred gain calculationUnlimited multiple portfoliosSimple interest loans of any typeSingle click posting of normal loan paymentsSingle click reversal of complete loan payment transactionSingle click complete payoff with loan payoff report.Single click local or remote Data BackupAccess loan or customer data from Microsoft ExcelAccess loan or customer data from Microsoft AccessODBC interface to data Compatible with any ODBC report writer Default ( penalty ) rate on defaulted loans (Multiple default rate indexes)Deferred income for installment salesEscrow payments and BalanceCollection historyCollection expenses, capitalized and expensed, and legal expensesDate of defaultStatute of limitations dateOrigination FeesCapitalized CostsFASB91 amortization of origination feesFASB91 amortization of purchase discountAging history: Number of times 10,30,60,90,120 days delinquentNumber of late charges assessedUser defined penaltySharing of principal, interest and late charge payments Between two Entities.Guarantor and % guaranteedVariable 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 historyData edits log records all data changes and user id.Credit card type billing optionSource code hooks allow you to write your own code and call it from within the system.