| Features |
 |
Interest-only loans or Blended Payments; |
 |
Capability to process interest-free loans; |
 |
Can be used as standalone or integrated with QuickBooks, Sage Accpac ERP or Sage Simply Accounting; |
 |
Pop-up reminders can be set up to alert the user to take proper actions; |
 |
Processing of term loans with interest payable either at the beginning or the end of the term; |
 |
Maintenance of a Document Catalog for each loan for quick access; |
 |
Provision of lump sum payments; |
 |
Lawyers handling multiple brokerage accounts can set up a separate database for each client; |
 |
Setting up different interest rates for borrower and lenders; |
 |
Interest rates can be fixed or variable (based on prime). |
 |
Maintenance of property profile to calculate Loan-To-Value (LTV) Ratios. |
 |
Calculation of Bonus Interest as penalty in case of early discharge; |
 |
Amortization Tables based on loan and Investor profiles; |
 |
Payment frequency can be weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annual or annual. |
 |
Interest can be simple or compounded on daily, weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annual or annual basis. |
 |
Multiple compounding options; |
 |
Calculation
of Federal and State / Provincial taxes on management
fee; |
 |
Withholding of Non-Resident Tax from interest payments to foreign investors; |
 |
Calculation of NSF charges on returned borrower checks; |
 |
Printing checks for investors; |
 |
Ability to define unlimited number of optional fields in borrower, investor and loan records to customize the program for individual requirements, |
 |
Renegotiation of terms during the life of a loan; |
 |
Provision for investors to withdraw and be replaced by new investors during the term of a loan; |
 |
Generation of detailed or consolidated entries for General Ledger; |
 |
User-friendly inquiry and data-entry screens; |
 |
Minimal training requirements; |
 |
Intuitive data-entry procedures; |
 |
Built-in reports and inquiries; |
 |
Access to data by standard report-writing tools such as Crystal Reports to generate customized reports. |
 |
U.S. and Canadian interest calculation algorithms; |
 |
Choice of four methods of calculating interest; |
| |
|