Loan Management System
The full loan cycle often evolves from application entry, through a specific underwriting approval process, and ultimately to the disbursement of the loan. Once loans are disbursed, complex financial transactions are tracked and monitored until the project is finally audited and closed out. Though each loan type can have different rules under compliance and stated interest rate terms, certain elements of this cycle must exist.
The BIS aura Loanis a flexible application that features a variety of components which can be added or subtracted to compliment any loan. With the increase in demand for loans, taking advantage of our technology package and software expertise to deliver superior loan administration and servicing can be beneficial to your organizational needs.
Features Of Online Loan Management System
- Comprehensive loan servicing
- Workstation - local , wide-area network or world wide web versions available for one user or up to unlimited numbers of users
- Available Database Managers: Microsoft SQL2000 and SQL2005, Microsoft SQLExpress, Pervasive SQL, Microsoft Access , MySql 5.0 , Oracle and SAMBA Servers
- Partnering with PHP, SOAP, J2ee Software and PERL, Transcor Group and eDominate, Impact Stategy Group and PROPEL to simplify data import functions and boost scanning and electronic collections.
- Unlimited Loan Types can be maintained within the System, Simple Interest, Revolving Credit , and numerous other interest methods available within the System.
- Repayment schedules include Weekly, Bi-weekly, Monthly, Quarterly, Semi-annual, Annual
- Unlimited notepad for comments, notes, and promises for each borrower
- On-line Instant Payoff information on-screen for any Selected Future Date
- Letter wizard for letters to borrowers (print, PDF or email); keeps copies for due diligence requirements, on screen or reprint
- Dedicated word processor to customize Past Due Notices and other correspondence, automatic email options for mailing
- Periodic billing statements optionally sent by email
- Individual Task and Event managers designed to help each user gain more control over their job
- Complete audit trails and audit logs, capturing events and changes at the loan level as well as comprehensively
- Loan histories for the entire life of the loan.
- Automatic payment, paperless collection systems via optional ARC module
- Concise Management Control and Analysis Reports -- Powerful one-page visual summaries
- Powerful Report Writer storing many number of reports, includes What-if Amortization Reports
- "Help" Button takes you directly to the LOANLEDGER Manual or to the Constantly Updated On-line Manual if you are connected to the Internet
- Password security levels, Individual form wise protected levels.