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Options
| The system produces the electronic file to send to the IRS making filing easier and faster. Loans are selected by loan class making it possible to report only those tax deductible. 1098 forms are printed using the Relativity ODBC drivers. | |
| For interest earned through the sale of real estate, savings, or CD's. The system produces the electronic file to make filing quicker and easier. Accounts are selected by account class. | |
| Accounts for the ability to charge for taxes, insurance, or maintenance in addition to the cost of the regular payment. Analysis is provided to cover over or under-charge adjustments. | |
| Permits easy handling of loan whose interest rates will change on a given time period (ie. Every 24 months). Rates are based upon the systems indexes. There are provisions for ceiling, base, and limit for any single change. | |
| Prime Rate option is used when loans are tied to prime rate, and are subject to change daily. Each morning the rates are verified to have changed or stay the same. All loans that are tied to a specific rate are automatically changed. | |
| The system is designed to meet requirements for refunds, due to early pay-offs, for items such as interest, credit life, A & H Insurance, etc. The refund method uses rule 78, and this module allows for many options to be added to the menus including additional reports. | |
| Used for proper reporting of interest and payments when more than one institution has contributed to the monies loaned out. When payments are received the system will automatically break down principal and interest into the percent each institution has contributed. This same system applies if your institution handles multiple funds. | |
| Designed with this industry in mind, this option allows for the special reporting needs required by government agencies. Additional reports provided include: County Location, Minority, Gender, Income level, Business Type, Legal Organization, Loan Purpose, Funding Sources, Jobs Created, and more. | |
| This option includes the ability to define payment dates and amounts (irregular payments). Used most often with construction and agricultural loans. A calendar is created stating the date and amount of the payment. | |
| CD and Savings packages create interest amounts which then are viewed, printed and posted. Permits easy automatic printing of checks of interest amounts to customer amounts. | |
| Allows posting of account totals from packages such as Loan, Savings, and CD’s to any General Ledger System that allows the importation of data files. |
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