News
Margill Loan Manager latest version 4.4 and upcoming 5.0 – New features now on web site
Margill Loan Manager latest version 4.4 and upcoming version 5.0 – Release notes (new features) now available on our web site. See www.margill.com/en/margill-loan-manager-release-notes
How can I enter multiple payments and advances in a loan without having to enter them one by one? I have over 100 in one loan. I have the data in Excel.
Q: How can I enter multiple payments and advances in a loan without having to enter them one by one? I have over 100 in one loan. I have the data in Excel. A: Very easily, in seconds with a simple 4-column Excel sheet. Go to Tools > Post Payments. On the top of the […]
Can Margill software be used for HOA (Home Owners Association) collections along with the interest calculation?
Q: Can Margill software be used for HOA (Home Owners Association) collections along with the interest calculation? A: Yes, very easily without needing an agency to do these calculations. Many law firms and accountants are tasked with collecting HOA assessments and find it time consuming with a risk or error when this is done by […]
Setting up automatic emails (reminders) to your borrowers
Margill Automatic Emails… Allow you to have Margill send out emails automatically a few days before a payment is due, to remind your borrower to pay. You can send reminders to all your borrowers or only the ones that don’t pay so well or on time… The system can automatically email your borrower that a […]
Total Flexibility in your Payment Schedules
Loan servicing made easy Completely adapt a payment schedule to your borrower’s needs and real life such as irregular payments, seasonal cashflow, interest-only, principal-only, partial, late, unpaid payments, lump sum, automatic fees, negative balances in intercompany loans, interest rate changes, residual value…
CANADA : Alert to borrowers and lenders: Significant changes to lessee accounting standards
Effective for accounting periods starting January 1, 2019, International Financial Reporting Standards 16 (IFRS 16) has replaced International Accounting Standards 17 (IAS 17) as the accounting standard for leases for all Canadian entities reporting under IFRS. Complete text here.
Expensive Loans to Desperate People Built This $90 Billion Industry
About 12 million Americans use high or very high interest loans every year (payday, title loans, etc.). The Trum administration may introduce new legislation that may significantly change the landscape. Here is an interesting article dealing with the subject. Just follow this link.
How can I see interest that accrued on unpaid payments?
Question: I have a question regarding interest accruing on unpaid payments. We have a franchise that is working on their cash flow right now and we wanted to give them an updated statement on what is owed to us for their franchise loan. How can I see interest that accrued on unpaid payments? So for […]
How to change the Windows Short date format
Margill prefers a date format that contains 4 digits for the year. This is especially important for calculations that may (if these still are out there!) predate the year 2000. How to change the Windows Short date format: Windows 10 gives you various ways to change the short date format (Control Panel or Settings) 1) […]
Can we email an amortization report to each borrower when interest rates change?
Margill Loan Manager – Can we email an amortization report to each borrower when interest rates change? Yes this can be done. First, I guess you updated the interest rates though the Main window with Ctrl Alt Shift i. Ideally you have a custom field that identifies the loans that are tied to the specific […]