News

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 […]

Setting up and Servicing Agricultural (Farm) Loans Efficiently

Setting up and Servicing Cash-flow adapted Agricultural (Farm) Loans Efficiently Most farmers have special needs when it comes to their loans to buy land, equipment and other farm assets because of their seasonal cash-flow and income spikes. Therefore, agricultural loan products shouldn’t be set up like conventional personal or business loans or mortgages with regular […]