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What is Lending Pro Software?

Lending Pro Software provides a cost-effective and accessible solution for handling even the most complex loan transactions. This innovative software comes equipped with all the vital tools necessary for efficiently managing and tracking loan operations. Since our inception in 1998, we have dedicated ourselves to serving the diverse needs of our lending clients. You can experience the capabilities of our software by requesting a complimentary demo today! With the ability to manage millions of loan accounts at once, once implemented, monitoring the status of each loan and keeping your clients informed is effortless. Our platform supports a broad array of intricate loan types, whether you are working with simple interest or daily interest loans, and whether payments are made on a weekly or monthly basis, ensuring that all calculations are accurate. The software is built to handle various situations including partial payments, late fees, escrow accounts, and amortization schedules, making it an all-inclusive resource for your loan management requirements. Additionally, the user-friendly interface allows for quick adaptation, enabling users to effectively utilize all features and functions without a steep learning curve. Ultimately, this software not only simplifies the loan management process but also enhances overall productivity within your lending operations.

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.

Media

Media

Integrations Supported

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

API Availability

Pricing Information

$495 one-time payment

Pricing Information

Pricing not provided

Supported Platforms

Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Lending Pro Software

Company Website

www.lendingprosoftware.com

Company Facts

Organization Name

Lowenstein and Associates

Date Founded

1986

Company Location

United States

Company Website

laapc.com/charge-off-loantracker/

Categories and Features

Loan Management

Not specified

Loan Servicing

Accounting Management
Amortization Schedule
Auto Loans
Business Loans
Collateral Tracking
Collections Management
Construction Loans
Customer Database
Investor Management
Loan Processing
Student Loans

Mortgage and Loans

Government Loans
Loan Servicing

Categories and Features

Loan Servicing

Auto Loans
Business Loans
Collections Management
Construction Loans
Student Loans

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