Legacy Loans is a complete loan servicing software system capable of managing loan portfolios consisting a few loans to portfolios having multiple sub-portfolios each of a different currency and each having thousands of loans.

It offers a broad range of processing support, is easy to use, has a flexible user security system, is true multi-user and operates over both LANs and WANs. We provide detailed training, conversion assistance and full implementation and ongoing support.

Features

• Easy, on-line access to all loan information.
• Automatic implementation of pending loan changes such as interest rate changes
• On-line or batch entry of cash, non-cash and non-loan financial 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.
• Property Insurance policy and property tax tracking
• Earned income projections.
• Reporting by loan portfolio
• Detailed On-line history for current and past loans.
• Early payoff processing.
• Form letter generation.

• Direct debit & standing order payments processing.
• Write off loans.
• Group payment processing.
• Detailed breakdown of all transaction applications.
• Capital payments.
• 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.
• Generates a daily cashier’s balance report.
• Reports may be printed to the screen, printer or PDF file.
• Detailed loan reporting.
• Account aging.
• Prints statements.
• Accumulates YTD totals for fiscal & calendar years.
• Flexible user security.
• Easy to learn and use.