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Typical questions before software purchase – Margill Loan Manager
Questions: We are a secured lender, our loans are secured against properties. Does the system allow us to input details of the property and loan to value against each loan? How do I do this? Will the system give me an overview of our loan book as a whole? Some clients pay monthly, some clients we […]
Margill Standard/Law versions: How to do an irregular payments schedule
Question: I have a principal of $200,000 starting 03/01/2017 (over 24 months) and the last payment to be made on March 1, 2019. First payment is on 4/1/2017 at unknown amount. Two $50,000 lump sum payments to be made on 05/01/2017 and 05/01/2018. I must also compute the payments in between the $50,000 payments. Interest […]
Why are there two sets of Custom Fields in Margill Loan Manager?
Question: Why are there two sets of Custom fields in Margill Loan Manager?
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?
How can I set up multiple Global Initial Fees in Margill Loan Manager?
Question: How to set Global Initial Fees which are a) a flat $100, b) a Dealer Fee of 7% of the loan amount and c) an Admin one time initial fee of 7% of the loan amount. These fees are financed, not paid up front… How and where do I set the Initial 3 fees […]
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 we update the interest rates for multiple records at once?
Question: The Prime rate changed. How do we update the interest rates for multiple records at once?
How to add late fees automatically?
Question: How to add late fees automatically?
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?