Loan Portfolio System
Built around the Loan Service Plus system concept, Loan Portfolio is designed with the small, growing user in mind. Encompassing all of the transaction abilities of its big brother, the Loan Portfolio product will not distinguish or sort by class and type for either loans or customers.
All thirteen transaction types are provided: new (opening), regular payment, odd payment (partial payments), disbursements, principal added, interest added, deferral, extra principal only payment, variable rate (interest) adjustment, mark-down (discount or partial charge-off), write-off (charge-off), closing, and automatic reversals.
The ability to configure late-charges and grace periods still exist, but are global settings compared to Loan Service Plus' ability to control multiple late-charge requirements. Each loan may have payment requirements ranging from weekly to one annual payment. Interest may be calculated by either payment period or actual date. The Loan Portfolio product may be upgraded to the Loan Service Plus system at any time with NO loss or re-entry of data required.
Available Options:
See Loan Service Plus for additional option modules available only with the expanded version.