LOAN MANAGER – FAQ

Early payoff – How to do this in Margill Loan Manager

Q: How to do an early payoff in Margill Loan Manager A: For example, the loan term was originally for 5 years or 60 months (so end date was in June 2020). The borrower calls you, the creditor, and wishes to payoff his/her loan early, on October 12, 2018. Original payment schedule:   I first […]

Can you walk me through how I would update MLM to the latest version on the Cloud?

Question: My Margill Loan Manager is installed on a server on the Cloud.  It wants to have me input a path and so on, and I was not comfortable starting it. It also said to back up MLM data first, and I am not sure if that is necessary for me given that we have […]

If a client makes a payment, how do I feed that into the program?

Question: Hi – I’ve been giving your software a trial, and really like it. The only thing I haven’t been able to do is feed information into the ledger. For example, if a client makes a payment, how do I feed that into the program? How does it know when a payment hasn’t been made? […]