- 1. Loan Origination Components
- Includes features to manage the initial stages of a loan lifecycle.
- 2. Accept/Reject Applications (Bulk Import)
- Allows for processing loan applications, including bulk importing via JSON files for efficiency.
- 3. Automatic Loan Import from Approval Tools
- Enables real-time, automated import of approved loans from external loan approval systems.
- 4. Create Payment Schedules
- Functionality to generate and manage loan payment schedules.
- 5. Create/Send Loan Documents with e-Signature
- Facilitates the generation and sending of loan documents with integrated e-signature capabilities.
- 6. Store Documents in System
- Provides document management by allowing users to store loan-related documents within the software.
- 7. Web Application Form (Customizable)
- Offers a web-based online application form, customizable for each customer's needs (separate module).
- 8. Web Loan Approval Tool (Online)
- Includes a web-based tool for online loan approvals (separate module).
- 9. Payment/Amortization Schedules (Simple & Complex)
- Supports creating both basic and intricate payment schedules to accommodate varied loan terms.
- 10. Paid, Unpaid, Partial, Late, Extra, Lump Sum Payments Tracking
- Tracks different payment statuses and types for detailed loan servicing.
- 11. Regular Payment Order/Sequence
- Follows a standard order for payment allocation (Fees > Interest > Principal) but can be customized.
- 12. Special Payment Method (Customizable)
- Offers customizable payment sequencing upon request (e.g., Interest > Expected Principal > Fees > Principal).
- 13. Interest Only, Principal Only, P&I Payments, Mix
- Supports various payment types and combinations.
- 14. Multiple Principal Advances
- Manages loans with more than one disbursement of principal.
- 15. Fixed or Variable Interest Rates (and Mass Rate Change)
- Accommodates both fixed and variable interest rates and allows for bulk rate adjustments.
- 16. Sophisticated Math (Interest Calculation)
- Employs advanced math for interest calculations, including Compound, Simple Capitalized, and Simple interest.
- 17. APR Calculation
- Calculates Annual Percentage Rate for loans.
- 18. Multiple Day Counts
- Supports different day count conventions for interest calculation.
- 19. User-defined Customization
- Allows users to tailor various aspects of the software.
- 20. Unlimited Custom Fields and Menus
- Provides extensive customization with unlimited fields and menus to capture specific data.
- 21. Personalized “Loan” Types
- Enables users to define and customize loan types to match their specific business offerings.
- 22. Transaction Types (Customizable)
- Offers over 100 transaction types that can be defined and customized (e.g., payment, fees).
- 23. User Defines Data Display/Hidden
- Customizes the user interface by allowing control over which data fields are visible.
- 24. Fees/Escrow Management
- Manages loan-related fees and escrow accounts.
- 25. Multiple Fee Types
- Supports a variety of different types of fees.
- 26. Automatic Fees
- Allows for setting up automated fee application.
- 27. Escrow (Tax and Insurance)
- Manages escrow accounts for taxes and insurance.
- 28. Web Interaction Features
- Integrates with web-based tools and portals.
- 29. Web Application Form/Web Loan Approval Tool (as modules)
- Offers web modules for application and approval processes.
- 30. Web Portal for Borrowers/Investors
- Provides online portals for both borrowers and investors to access loan information.
- 31. Mass Import (Borrowers, Loans, Leads)
- Supports importing large volumes of data including borrowers, loans, and prospects.
- 32. Automatic Loan Import (JSON/Excel)
- Automates loan data import via JSON or Excel files.
- 33. Reporting (Customizable)
- Offers flexible and customizable reporting features.
- 34. User-defined Custom Reports (1000+ fields)
- Allows users to create custom reports with a wide selection of data fields.
- 35. Export to General Ledger (QuickBooks, Sage, Excel, CSV)
- Integrates with accounting software and data formats for financial reporting.
- 36. Financial Projections
- Provides tools for generating financial forecasts and projections.
- 37. Produce and Email Invoices, Statements, Letters, Contracts
- Automates document generation and distribution for communication.
- 38. Investor Statements
- Generates statements specifically for investors.
- 39. Automatic Reports (Scheduled & Email)
- Schedules report generation and automated email distribution.
- 40. Automation Features
- Extensive automation to streamline processes.
- 41. Electronic Funds Transfers (EFT)
- Supports EFT processing for payments in USA, Canada, and Europe (various formats and processors).
- 42. Automatic Reports Generation
- Automates the process of generating reports.
- 43. Email/SMS Alerts to Borrowers
- Sends automated alerts via email or SMS to borrowers.
- 44. Alerts to Users (System, Email, SMS)
- Sends alerts to system users via different channels.
- 45. Amortization Updates on Interest Rate Changes
- Automatically adjusts amortization schedules when interest rates fluctuate.
- 46. Fees Based on Rules
- Automates fee application based on predefined rules.
- 47. API (Loan/Borrower Creation & Update)
- Offers API for real-time data exchange and integration.
- 48. Salesforce Integration (API)
- Provides integration with Salesforce CRM through API.
- 49. Electronic Debits (NACHA, Perceptech, VoPay)
- Supports electronic debit processing in USA and Canada.
- 50. E-Transfers (Credit to Borrower)
- Enables electronic credit transfers to borrowers (VoPay).
- 51. Automatically Recompute Payments
- Recalculates payments for various payment types automatically (interest-only, etc.).
- 52. Licensing (On-premise & Cloud)
- Offers both on-premise and cloud-based licensing options.
- 53. Electronic Signature (Xodo Sign Integration)
- Integrates with Xodo Sign for electronic document signing.
- 54. User Levels and Permissions
- Provides different user access levels and permission controls.
- 55. Multi-factor Authentication (MFA)
- Enhances security with multi-factor authentication.
- 56. Multi-creditor/Participation Loans
- Manages loans involving multiple creditors or participants.
- 57. Multi-currency Support
- Supports handling loans in multiple currencies.
- 58. Credit Reporting (Metro 2)
- Integrates with Metro 2 for credit reporting.
- 59. Attach/Scan Documents
- Allows users to attach or scan and store documents.
- 60. Dashboard using Widgets
- Provides a customizable dashboard with widgets for key information visualization.
- 61. Bulk Database Changes/Updates
- Enables making changes or updates to the database in bulk.
- 62. Time-stamped Notes
- Allows adding notes with timestamps for audit trails and communication tracking.
- 63. Multiple Activity Logs
- Maintains activity logs for tracking system usage and changes.
- 64. Full Database Search Engine
- Offers a comprehensive search engine for the entire database.