A comprehensive portfolio of end-to-end loan management software in Syndicated, Commercial, Consumer, & Mortgage Lending
Loan management systems help automate the entire loan lifecycle. Depending on requirements, these programs can assist in part or whole. The software can help with processing customer information, create new loans, and more. They can also provide lenders with accurate statements and reports. Moreover, they can manage interest rates and provide the tools for collection automation.
Loan origination is the process where a borrower applies for a loan, and the lender processes it. MyTM can help evaluate the risk or make a decision.
Reporting and Analytics
An essential feature of loan management software is the reporting module. You can get comprehensive reports on the cash flow. You can create reports based on interactions with a single individual or business. Or you can look at how profitable offerings are for you. Reporting allows you to visualize and understand in which direction your business is moving.
The loan servicing feature will help you manage loans. Every loan is different: they have different interest rates, payment dates, and more. You can track all these loans and ensure that you receive payments on time. It allows you to calculate interests, fees, and more. A loan management solution can also assist you in automatically collecting funds via wire transfers, credit cards, and more.
Collecting back the payment is essential for lending businesses. A digital lending platform can notify you when accounts become delinquent. You can also get notified when the borrower pays back or when a repayment is due. The collection system can even calculate late fees for you.