LoanAssistant™ was created expressly to serve our loan management business. With no other QuickBooks® integrated loan servicing tool available on the market, it is a must-have software for small and medium-sized lending businesses in the QuickBooks® user community.
- Loan Management
Allows for an unlimited number of loans Supports both revolving and non-revolving credit lines Covers most segments of the lending industry: Residential and Commercial Mortgages, Construction Loans, Motor Finance, Education Loans, Installment Sales and others.
- Seamless Quickbooks® Integration
Simple and intuitive account and loan setup using QuickBooks® Wizards Ability to connect a single LoanAssistant file to an unlimited number of QuickBooks® files.All transactions are posted instantaneously in QuickBooks®.
- Reporting Features
User-generated reports in Microsoft Word Built-in standard reports using Crystal Reports® and Microsoft® Word Mail Merge technology, including: 1. amortization tables and payment coupons;
- Flexible Loan Servicing Support
Assignment of multiple borrowers and guarantors to a single loan Escrow module for third party payments such as taxes, insurance, etc. and related collection and payments report.
- Interest Calculation Options
Options include self-amortized, balloon and interest-only loans Interest calculation based on Actual/365, Actual/360 and 30/365, 30/360 accrual methods Interest compounding with flexible settings.
- Payment Processing Options
Late payment and pre-payment penalties are automatically calculated with a penalty waiver option available User-defined frequency of payments and first payment date Automatic split of loan payments based on loan settings.
- Investor Tracking And Reporting
Tracking of investors’ certificates of deposits Participation pools with one or multiple investors.