Loan Manager – Latest Posts
I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager?
Question: I would like to convert 7500 of accrued interest to principal. Can this be done in Margill Loan Manager? Answer: Certainly with special Line statuses. First, go to Tools > Settings: Make sure “Interest paid” is available (not checked to Hide from menu) as well as an “Add. Principal X” Line status. We will […]
Webinar – What’s new in Margill Loan Manager 5.1
A host of new features have been introduced with the launch of Margill Loan Manager 5.1. New features are fun but you need to know they exist. We’ve hosted a 30-minute webinar in which we have explored these new functions.
How can I create a schedule where I can see the interest that accrues on a daily basis, every day?
Q: My law firm must calculate the interest from June 30, 2019 to May 28, 2020 on an amount due by an insurance company. I must be able to see the interest that accrues every day. Interest rate is 4% annually and amount is 150,250.33. A: In Margill Law Edition, you would usually use the […]
Easily create and manage Covid 19 (Coronavirus) Emergency Business Loans with Margill Loan Manager Software
Federal, state and provincial governments, townships, cities and towns all over the world have created very generous loan programs to help businesses as they struggle with the global pandemic and the effect of confinement. These loans can take many shapes and finding the right software to properly create and manage these is not always easy. […]
Main Window Overview and Customization
In order to have an even better idea of what Margill Loan Manager can do for you, we have added 3 new videos: The first one offers an overview or the Main Window and how you can customize it for your own needs: Main Window Overview and Customization In the second one, we look into […]
12,000 Reasons why to use Loan Servicing Software as opposed to Spreadsheets!
I love spreadsheets, they are absolutely amazing for doing so many things. They are hugely flexible, powerful and allow you do to just about anything (almost). However, as we all know, they are also very dangerous because of human error! I recently implemented Margill Loan Manager with a new client who had been using spreadsheets […]
How to Defer Payments and Interest to give your Borrowers some Breathing Room Because of the COVID 19 Pandemic
Q: How can I provide my borrowers a temporary payment and interest break in Margill Loan Manager? A: With normal loans, those with regular payments, at regular intervals, and no regular fees or taxes (the case with leases), this can easily be done in Margill and in bulk. So you need not do this individually, […]
Margill Installation – Network Drive not Displayed – Windows 10
You are installing a Margill product and do not see your mapped network drive on Windows 10. Here is how to solve this in many cases anyways… This is not as difficult as it seems… Turn on SMB Direct from the Windows Features and edit the registry key called EnableLinkedConnections. Click the Start button, click Control Panel, click Programs, […]
Calculating Interest Distribution to Investors in Complex Participation/Syndicated Loans, Pools or Funds
Maximizing Investor Returns / Reducing Risk through Participation/Syndicated Loans Investors are constantly looking for new ways to maximize their returns. Investing in higher risk private loans is a method to generate 10 to 20% + annual returns. Of course, one of the objectives is to reduce risk and this can be achieved when multiple investors […]
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 […]