News
Interest-only: Regular monthly interest vs. Exact day interest
Question: My company does interest-only 12 month bridge loans calculated in two ways. Payments are based on the number of days in a month with a balloon payment at the end (so payments change depending on the month) Each of the 12 payments is equal with a balloon payment at the end. Can these two […]
Texas Mortgage Finance
We are proud to have another new user for the Margill Loan Manager Software. Texas Mortgage Finance just joined the Margill family. You can visit their website here. The Margill Team
Margill Law/Standard Edition – Regular and Irregular payment schedule
Question: I was wondering who I could contact at Margill for help on calculating a rather complex amortization table. Beginning on 6/25/17 – the principal loan amount was $640,000 at an interest rate of 3% – payments of $3,000 to begin on 1/1/2018. However, a payment of $350,000 was made on 7/12/2017 Additional loan amount […]
New Margill Loan Manager client: Nevada Western Interstate Commission for Higher Education
We would like to welcome the Nevada Western Interstate Commission for Higher Education (WICHE) as a new user of our Margill Loan Manager software. The Western Interstate Commission for Higher Education is a regional organization created by the Western Regional Education Compact and adopted in the 1950s by Western states. WICH was created to facilitate […]
Margill at the LendIt Fintech
The Margill team will exhibit at the LendIt Fintech USA 2018 Conference at the Moscone West in San Francisco, California. Come visit us at booth number 1649 from April 9 to the 11th, 2018.
Margill at the Paris Fintech Forum
Margill CEO Marc Gelinas will attend the Paris Fintech Forum next January 30th and 31st.
Bank of Canada rate
The Bank of Canada raises its base rate by 0.25% effective January 18, 2018.
Can Margill Loan Manager be used to manage rentals (rent)?
Question: Our company does loans and rentals. Can Margill Loan Manager be used to manage rentals (monthly rents)? Answer: As strange as this may sound for a loan servicing software, yes Margill Loan Manager can manage rentals. The difference between a loan and a rental is that loans begin with a principal amount borrowed that […]
A little banking humor! His name was Boudreaux…
His name was Boudreaux. He was from Cutoff, Louisiana … and he needed a loan, So…….. He walked into a bank in New York City and asked for the loan officer. He told the loan officer that he was going to Paris for an International Cajun festival for two weeks and needed to borrow $5,000, and that he was not a […]
Importing batch payments in Margill Loan Manager (CSV, Excel)
Question: Our company collects weekly (bi-weekly or monthly – no matter) payments drawn directly from their bank accounts in some cases and in others as payroll deductions. We receive CSV files from the bank and processors. Can these transactions then be imported back to Margill Loan Manager? Answer: As you guessed, since I blogged this, […]