Margill Loan Manager 5.1 soon to be released – Release Notes available
Margill Loan Manager 5.1 will be released later in January or early February. Consult the Release Notes.
Entries by Marc Gelinas
Margill Loan Manager – Ageing report – with refinanced loans
Q: If a loan was refinanced and the payments revised based on the refinanced balance, can the loan account still be in arrears? Doesn’t the refinancing and revised payments take into consideration any prior arrears? A: Arrears are always a little tricky with refinanced outstanding amounts since a human must take a decision as to […]
Automatic Margill Loan Manager emails – Gmail managed emails (G Suite / formerly Google Apps) are blocked
Q: I have set up automatic emails in Margill Loan Manager. We use G Suite for these but when I test the email connection if get a message saying the Google blocked the app since it is a less secure app. What can be done? A: We see this once in a while when using […]
Setting up and Servicing Agricultural (Farm) Loans Efficiently
Setting up and Servicing Cash-flow adapted Agricultural (Farm) Loans Efficiently Most farmers have special needs when it comes to their loans to buy land, equipment and other farm assets because of their seasonal cash-flow and income spikes. Therefore, agricultural loan products shouldn’t be set up like conventional personal or business loans or mortgages with regular […]
Is there an Alert that we can add that will pop up when we attempt to add more principal than what we have set as the maximum credit?
Q: Is there an Alert that we can add that will pop up when we attempt to add more principal than what we have set as the maximum credit? A: Yes, this is called a Conditional Alert. In the Main window go to Tools > Settings > Set Alerts > Conditional: When the window opens, click […]
Mass data entry / Global database changes / Adding new data in the database in bulk / Mass database changes in Margill Loan Manager
Q: We have added some custom fields for additional loan information. Is there a way we can mass import only those specific custom fields in Loan Manager? A: Yes you can mass import data into Margill Loan Manager. This is with what we call “Global changes”. This can be done for the loan, mortgage, line of […]
Mass importing existing loans and borrowers in Margill Loan Manager
Q: I wish to change from my current loan servicing platform to Margill Loan Manager. Can I import my existing loans or will I have to enter these one by one? A: Mass import can be done easily with simple spreadsheets (Excel). You can import: Borrower data Creditor data Employer data Basic loan information (loan […]
Margill Loan Manager 5.0 now available!
After a two-year process, Margill Loan Manager 5.0 is now available for download! A new look, but without changing the way you work, a host of new features to make your lives even easier. See the Release Notes: https://www.margill.com/en/margill-loan-manager-release-notes. To download go to https://www.margill.com/get Stay tuned for our 20 minute Webinar on what’s new in 5.0 for […]
Margill Loan Manager latest version 4.4 and upcoming 5.0 – New features now on web site
Margill Loan Manager latest version 4.4 and upcoming version 5.0 – Release notes (new features) now available on our web site. See www.margill.com/en/margill-loan-manager-release-notes
How can I enter multiple payments and advances in a loan without having to enter them one by one? I have over 100 in one loan. I have the data in Excel.
Q: How can I enter multiple payments and advances in a loan without having to enter them one by one? I have over 100 in one loan. I have the data in Excel. A: Very easily, in seconds with a simple 4-column Excel sheet. Go to Tools > Post Payments. On the top of the […]