News
Loan Servicing with Excel? Pitfalls and alternatives
Loan Servicing with Excel? Pitfalls and Alternatives I’m a great fan of Excel. I think it is the most important and useful software ever developed. I first started using spreadsheets many years ago with Lotus 123 which was a great tool that lost the spreadsheet war to Microsoft. Excel can be used in so many […]
Welcome to our new clients
The Margill Team would like to welcome new users of Margill Loan Manager: The Government of the Turks & Caicos Islands May Coalition Prairieland FS Harvest Royal American Management Ethos Group Nation Hurone – Wendat Stanislaus Farm Supply
Margill Loan Manager: Is there an audit trail that can be printed to show transactions / changes to records on a daily basis?
Q: Is there an audit trail that can be printed to show transactions / changes to records on a daily basis? A: Yes very easily. Go to the Main Margill window, select all the loans (probably only Active loans) , Tools > Various > Display the history of changes for selected Records. You can then […]
How to obtain the daily interest amount (per diem) in Margill Loan Manager
Q: How to obtain the daily interest amount (per diem) in Margill Loan Manager? A: This can be added very easily through a simple Mathematical Equation. Go to Reports > Equation Management and click on Name the Equation Select the two required fields (balance and interest rate) from the various themes on the left Add […]
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.