LoanAssistant Features & Benefits

LOAN MANAGEMENT

Lender and/or Borrower side servicing.

Service an unlimited number of loans and credit lines.


LoanAssistant covers most segments of the lending industry:






  • Education Loans


  • Installment Sales


  • Investor Participation


  • Structured Finance




  • Legal Settlement Loans


  • Inheritance Loans




  And Much More..

TRY FREE FOR 30 DAYS

SEAMLESS QUICKBOOKS® INTEGRATION

  • Simple Intuitive Integration with an Unlimited Number of QuickBooks® Online and QuickBooks® Desktop Companies


  • All Transactions Are Posted instantly in QuickBooks®


  • Combined Report of Loan Portfolios from Different QuickBooks® Companies.


  • Keep your QuickBooks® Companies Well Organized and Updated in Real-Time
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REPORTING FEATURES

  •  Amortization Tables and Payment Coupons


  • Customizable Comprehensive Billing Statements


  • Customizable Pay-Off Statements


  • Customizable Borrower Account Statements

  • Managerial Reports


  • Payment Summary Reports


  • Escrow Collection and Payment Reports


  • Late Accounts Summary and Payments Due Reports


  • Portfolio Summary Reports


  • IRS 1098 and 1096 Forms - Automated Data Collection/Reporting to Borrowers (Form 1098) and Mortgage Interest Statement (Form 1096)


  • Custom Reporting Module - Create Your Own Reports


  • Access to a Wide Range of QuickBooks® Reporting Capabilities.
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FLEXIBLE LOAN SERVICING SUPPORT

  • Assign multiple borrowers and guarantors to a single loan


  • Escrow module for third party payments such as taxes, insurance, etc.


  • Multi-user network set up


  • LTV tracking with multiple collateral items referenced to specific accounts


  • Multi-currency support, including reporting


  • Tracking notes/images can be stamped with the user name and date for audit purposes;


  • Tasks/images and deadlines assigned to different users through Microsoft Outlook


  • Up to three levels of security for administrators


  • Assign multiple borrowers and guarantors to a single loan


  • Escrow module for third party payments such as taxes, insurance, etc.


  • Multi-user network set up


  • Keep your QuickBooks® Companies well organized and updated in real-time.


  • Modification of loan parameters


TRY FREE FOR 30 DAYS

INTEREST CALCULATION OPTIONS

  • Cash Basis / Accrual Accounting


  • Self-Amortized, Balloon and Interest-Only Loans


  • Interest calculation based on Actual/365, Actual/360 and 30/365, 30/360


  • Interest Compounding with Flexible Settings


  • Support for Adjustable-Rate Loans with Periodic and Random Rate Changes


  • Interest Deferral and Non-Interest-Bearing loan amounts


  • Fixed Interest Amount
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INVESTOR TRACKING AND REPORTING

  • Tracking of Investors’ Certificates of Deposits


  • Participation Pools with One or Multiple Investors


  • Investor Allocation Based on Fixed Percentages or the Amount of Capital Invested


  • Multiple Management Fee Options Automatically Recorded in QuickBooks


  • Export Comprehensive Investor Participation Reports into Excel
TRY FREE FOR 30 DAYS