LOAN MANAGER – CALCULATIONS
Can Margill Loan Manager do progressive Advances to my clients?
Question: Can Margill Loan Manager do progressive Advances to my clients? For example, my borrower was authorized for a $100,000 loan but this will be disbursed in stages. So 15,000 one day, 10,000 another and so forth… Answer: Short answer… very easily… You first create a new Record. In this case the first advance of […]
How to setup weekly or biweekly payments
Question: How to setup weekly or biweekly payments in Margill Loan Manager? Answer: When creating a new record, set up the Period of Payments at ”By day(s)” and input 7 for weekly or 14 for biweekly payments. We also suggest that you setup the Compounding Period to match the Period of Payments.
How can we obtain the loan-to-value (LTV) in Margill Loan Manager?
Question How can we obtain the loan-to-value (LTV) in Margill Loan Manager?
Why am I not getting the right amount of interest for a month?
Question: Why am I not getting the right amount of interest for a month? I’ve created a payment schedule for my client for a $250,000 loan with these dates (my date format is Day/Month/Year, so the first payment is one month after May 5).
How do you enter the record to write off a loan in Margill Loan Manager
Question: How do you enter the record to write off a loan in the MLM?