Servicing loan software
You can do recurring credit card transactions and recurring ACH payments. All with the enterprise level security one would expect from Nortridge. Mantain a tighly integrated record of borrowers, investors, dealers, and much more. Track and leverage all the information you need for every borrower and contact. Pull and store credit reports, verify addresses, track information on loans and detailed demographics with user defined fields UDFs.
All of this information is tied to reports allowing you to manipulate and analyze all data, and use it to better originate and collect on loan products. Communicate to your borrowers based on their preferences. Give them the ability to make payments, pull statements and check their balance via a borrower portal. All communication is stored back in the Nortridge Loan System for reporting and analysis.
Track a lot more than just borrowers. Create contact types that allow you to build rich data on co-borrowers, investors, multiple-investors P2P models , servicers, lenders and pretty much any other type of contact you can think of.
All of them can be tied to one or multiple loans allowing you to keep all data in one place: Nortridge Software. An additional CRM isn't even needed. Pull and store credit reports from all major bureaus and alternative ones under each contact and create rules based on credit data. With AutoPal as your lending partner, you'll have a great website immediately where your customers can log in, make payments, update insurance information, and view documents.
Plus, you have total control over what your customers can see and do on this website. You'll be able to provide the same features as a big bank, making AutoPal a great buy-here-pay-here software or title loan software solution. AutoPal Software is the first loan software to feature live amortization schedules. Since AutoPal was made by lenders, we have built effective loan amortization software into AutoPal.
Every payment, fee, and transaction is updated on this page as you log it, and all future forecasts are adjusted each day. AutoPal Software is the best loan amortization software! Strong reporting ensures you see every important detail about your loans. Create multiple user accounts with customizable restrictions so users see only information that is relevant to them.
Keep track of collecting debt, and identify critical situations that tell you which accounts need to be collected immediately. Quickly identify where your money is, set payment dates, prevent delays, and set configurable wizards to walk users through difficult processes such as Bankruptcy, Fraud, and SCRA. Because we have customers in all 50 US states and all Canadian provinces, we place an emphasis on compliance.
LoanPro puts the work in on the back-end to keep you compliant and protected. Conditions Setting Up and Using Setting up your default conditions list. Copying an Existing Loan Create a new loan by copying an existing loan.
Loan Entry Entering loans into the system. Task Assignments Setting up and using task assignments. Adding A Borrower Adding Borrowers independently or as part of a loan. Report Functionality Overview The different options for reporting. Payment Distribution Waterfall Setting up and using the Payment Distribution Waterfall by Interest Method, an the individual loan level, and then at the time of payment processing.
Loan Templates Setting up and using Loan Templates. Tasks Functionality Overview You have multiple options for creating and handling tasks.
Insurance Tracking Setup Setup and track a single or multiple collateral insurance policies. Late Fees Setup late fees with grace period. Statements Setup For Printing Or Emailing Setup borrower statements or borrower bills to print or email a certain number of days prior to due date or on a specific date.
Sophisticated Reporting. Features include batch reporting, emails and letter writing, all with mail merge. Automated Accounting Automated loan accounting for mortgage loans, commercial loans, lines of credit, etc.. Export transaction details to QuickBooks or other General Ledgers. Automated Investor payments via batch checks or ACH. Easy Account Setup Setting up new accounts for borrowers and investors is quick and easy with our software. Specialized user interface streamlines setup for new accounts, changes to accounts, web portal access, setting up names and password, etc..
Optional multi layer security. Super Easy Training Our simplified, ultra modern software user interface makes setup and training super easy. Whether you are a small private lender with just one or two users and our software support techs are training you or you are a larger org and you are training internally.
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