The Affordable Loan Portfolio Management Solution
Manages loans through all phases of their lives
MyLegacy Loans is a flexible, powerful loan portfolio management application that tracks, reports and simplifies the servicing and management of loans and mortgages. It is suitable for use with loan portfolios of all sizes, is user friendly, simple to learn and use and interfaces seamlessly with MyLegacy accounting.
MyLegacy Loans is feature rich and gives you the ability to perform functions such as loan rescheduling, interest rate changes, interest forgiveness, interest capitalization and payment processing.It can be used as a standalone application or as a multi-user, networked application operating across a LAN or WAN with no limit to the number simultaneous users.
- With MyLegacy loans you can manage multiple loan portfolios simultaneously and each portfolio can be a different currency. Its user security system is very secure but flexible enough to allow you to assign user access rights by menu option.
Payment Processing: Loan payments may be processed in either the off-line Loan payments may be processed in either the on-line or modes. Amount due calculations include interest rate changes that may have occurred during the period.
Document Tracking: Tracks the receipt, delivery and location of loan related documents such as deeds.
Loan Restructuring: Capitalizes interest and allows the changing of loan terms.
Form Letters: Automatically generates arrears and other form letters.
Cashier’s POS Module: Processes customers’ transactions quickly and efficiently.
Caters to Regular loans, mortgages, construction and vehicle loans.
Includes loan application processing.Standing order payments processing.
Cashier’s module for handling customer’s payments.
Cashier’s daily balance and activity reports.
Prints payment receipts.
Easy, on-line access to all loan information.
On-line or batch entry of payment transactions.
On-line entry of reversal transactions.
Supports multiple principal disbursements.
Automatic calculation of late charges for delinquent loans.
Loan restructuring including the capitalization of interest.
Earned income projections.
Reporting by loan portfolio
Detailed On-line history for current and past loans.
Early payoff processing
Form letter generation.
Standing order payments processing.
Write off loans.
Group payment processing.
Detailed breakdown of all transaction applications.
Permits the entry of manual adjustments.
Permits the manual distribution of payments.
Caters to fixed or variable interest rate loans
maintains separate property & postal addresses.
Emails payoff information directly to the customer.
Reports may be printed to the screen, printer or PDF file.
Detailed loan reporting.
Flexible user security.
Easy to learn and use