LOAN MANAGER PRODUCT FEATURES

Margill Loan Manager – General Ledger (GL) Accounts

Questions: 1. In terms of the accounting report and accounting identifiers, are these captured at the borrower level,  or the record level? How is this selection made and where is it used/displayed on the accounting report? 2. In our accounts we split interest accrued and other fees by product type, i.e. a separate GL account […]

How to setup weekly or biweekly payments

Question: How to setup weekly or biweekly payments in Margill Loan Manager? Answer: When creating a new record, set up the Period of Payments at ”By day(s)” and input 7 for weekly or 14 for biweekly payments. We also suggest that you setup the Compounding Period to match the Period of Payments.

Typical questions before software purchase – Margill Loan Manager

Questions: We are a secured lender, our loans are secured against properties. Does the system allow us to input details of the property and loan to value against each loan? How do I do this? Will the system give me an overview of our loan book as a whole? Some clients pay monthly, some clients we […]

How can we obtain the loan-to-value (LTV) in Margill Loan Manager?

Question How can we obtain the loan-to-value (LTV) in Margill Loan Manager?

How can I set up multiple Global Initial Fees in Margill Loan Manager?

Question: How to set Global Initial Fees which are a) a flat $100, b) a Dealer Fee of 7% of the loan amount and c) an Admin one time initial fee of 7% of the loan amount. These fees are financed, not paid up front… How and where do I set the Initial 3 fees […]

How do we update the interest rates for multiple records at once?

Question:  The Prime rate changed. How do we update the interest rates for multiple records at once?

How to add late fees automatically?

Question: How to add late fees automatically?

Specialized features