News

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, […]

The impact of coronavirus on borrowers and lenders

As companies worldwide continue to assess and react to the outbreak of COVID-19, the consequences of the virus are increasingly having an impact on businesses on a global scale. An interesting article to read here.

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, […]

What is #1 Loan Servicing Software in the World?

Very interesting question, but is there an answer? Being number 1, being the Top is the ultimate goal for many… The ultimate achievement… The Gold medal! We hear this in political speeches: we are the BEST, we are the GREATEST, never in the history have we been SO GREAT… Vying to be Number 1 is […]

Your Credit Score May Soon Change. Here’s Why.

Your credit score — that all-important passport within the financial world — may be about to change. And it won’t necessarily be because of anything you did or didn’t do.  Read this article by Tara Siegel Bernard in the New York Times.

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 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.

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 […]