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What is LoansNeo?

LoansNeo is a comprehensive software solution designed for the effective management of lending processes within banks and non-banking financial companies (NBFCs). It boasts features such as tailored workflows, insightful visual analytics, and AI-driven suggestions. By utilizing this software, institutions can streamline loan origination, manage customer journeys efficiently, and optimize scheduling tasks. As a result, LoansNeo enhances overall operational efficiency and improves customer experience in the lending sector.

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

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

Integrations Supported

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

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

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

Damco Solutions

Date Founded

1996

Company Location

United States

Company Website

www.damcogroup.com/salesforce/loansneo

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 Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

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

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

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