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 […]
The Lost Art of Interest Calculation
In 2008, Marc Gelinas, CEO of Jurismedia Inc., developer of Margill interest and loan servicing solutions, published the White Paper in the Real Estate Law & Industry Report titled “The Lost Art of Interest Calculation”. Since then, more has been learned and lending practices have evolved thus this major update. The White Paper deals with […]
The borrower-lender relationship: Why and how to nurture it during this crisis?
Most companies have seen their business operations seriously affected by the COVID-19 pandemic and the various government measures taken to mitigate its impact on the population. Companies have to contend with various issues in the short, medium and long term, such as the closure of many companies’, clients’ and suppliers’ places of business, restricted opening […]
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 […]