loan manager plus offers a complete loan servicing, management, tracking and collection software product. We have put together a question and answer style forum related to general technological and functional issues related to software selection. These are several issues you may want to look at in the decision process.
Does the loan servicing system use windows 32-bit, 16 bit, a DOS/window
hybrid, DOS or another technology?
We offer a modern windows platform that runs on win2000, XP and Vista.
To buy old or proprietary technology today forces you to invest even
greater amounts in the future to maintain a legacy system. What is the
overall cost of the system? Does the system require proprietary hardware
to run?
Does the loan servicing system maintain an open architecture and take
advantage of modern database theory using normalization?
Many older systems use proprietary database structures that are not
related in contemporary one to one, one to many and many to many structures.
Does the loan servicing system offer a one click approach to loan management?
This means vital features are just one click to implement. If a feature
requires multiple steps to complete, then a wizard approach is used.
This means loan setup, adding principal to a loan or obtaining real
time reports such as aging use a step by step process.
Does the loan servicing system use an integrated SQL report generator?
The product ships with the Crystal Reports XI reporting engine which offers the
most advanced reporting technology in the industry today. Built in is the ability
to customize existing reports and create new ones at no additional cost.
In addition, reports can be saved in numerous formats including XLS and PDF.
Does the loan servicing system offer industry standard PDF output
for invoice and statements?
The product can output an entire invoice run to a PDF file. Every invoice
can be printed and then
file archived. Individual invoices and statements can also be output
to a PDF file.
Does the loan servicing system have an add-in manager allowing additional
functionality to be incorporated with a mouse click?
Add-in applets can extend the functionality of the base system offering
specific solutions to user needs.
Does the software vendor offer desktop updates including product and
reports?
We offer automated software updates with a click of a button. No more
email attachments or long delays waiting for CD updates through regular
mail.
Is the software vendor willing to assist in converting existing data?
We help map your existing data using templates and bulk import without
need for expensive operator input. This service can be completed in
a matter of hours.