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What is Charge-off Loan Tracker?

When loans become a challenge, effectively managing and recovering them can be extremely complex. Even if they are not at the forefront of your financial statements, these loans are still a vital component of your overall financial well-being. The Charge-off Loan Tracker (COLT) offers a streamlined approach to dealing with these difficult loans. Since its inception in 1987, COLT has served as an essential resource for financial institutions aiming to efficiently manage and recover charge-offs. Its intuitive design is sure to impress, effortlessly tracking outstanding balances while calculating interest, adapting to new payment terms, generating board reports, and more. If there exists a chance for recovery, COLT provides you with all the necessary resources to pursue it effectively. By simplifying the management of problematic loans, COLT enables you to redirect your focus toward more profitable ventures. It includes thorough tracking for principal, interest, and fees, supports multiple accrual methods, and utilizes transaction-based accounting practices. Furthermore, it offers flexible repayment options, borrower invoicing, and correspondence, ensuring complete shadow accounting. With features such as automated 1099-Cs that connect with the IRS, a well-documented audit trail, and a robust reporting engine, COLT is the ultimate solution for proficient loan management. Ultimately, leveraging COLT not only boosts your collection strategies but also significantly enhances your overall financial efficiency. This makes it an invaluable tool for any financial institution striving to improve its operational effectiveness.

What is Amortization Pro?

Amortization Pro is a tailored software application for Windows that streamlines the processes of generating, adjusting, saving, retrieving, printing, and exporting detailed loan amortization schedules. It empowers users to calculate principal and interest payments, add extra principal payments, alter interest rates, and edit the dates and amounts for each payment. In addition, the software supports the creation of balloon balances, offers insights through annual totals and graphical representations, and enables the export of schedules in CSV format. This adaptable software meets a wide range of financial requirements, such as mortgages, personal loans, seller financing, installment loans, business loans, and various repayment plans. Available as a desktop application for Windows, Amortization Pro requires a one-time payment of $25 for a license while also providing a free trial version for prospective users to explore its functionalities. Overall, this software serves as an essential resource for individuals and businesses seeking effective management of their loan repayment schedules, making financial planning more accessible and efficient. Additionally, its user-friendly interface ensures that even those with minimal technical expertise can easily navigate and utilize its features.

Media

Media

No images available

Integrations Supported

ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Wolters Kluwer Passport

Integrations Supported

ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Wolters Kluwer Passport

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

$25 one-time
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Lowenstein and Associates

Date Founded

1986

Company Location

United States

Company Website

laapc.com/charge-off-loantracker/

Company Facts

Organization Name

Power Of Interest

Date Founded

1999

Company Location

United States

Company Website

www.powerofinterest.com

Categories and Features

Loan Servicing

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

Categories and Features

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