Core Banking Solutions

Single Loan System

Loan processing is among the most complex of a financial institution's operations. Our Core Banking Software's single loan module design enables the Financial Institution to process multiple loan types in a single application. This simplifies training, and makes the loan data entry and balancing much easier.

• Standard interfaces available to many loan origination systems
• Products supported:
• Simple interest loans (consumer & commercial Lines of Credit)
• Fixed, variable and adjustable rate loans
• Monthly and biweekly amortized loans (mortgage)
• Advancing and re-advancing loans and lines of credit
• Fixed and Variable rate Home equity loans; Teaser rate capability
• Letters of credit; Contingent Liability
• Overdraft checking loans
• Non-asset loans: participation sold & secondary market servicing
• Participation's purchased
• Indirect loans; Dealer statements
• Escrow accounting and analysis capability available on any loan
• Supports up to 99 user defined base rates (for variable and adjustable rate loans); Floor and ceiling protection per loan
• Multiple co borrowers/endorsers/guarantors; Endorser/guarantor notices where applicable
• Auto charge and auto transfer payments (due) to/from DDA/SVG
• Paid off loan and past due loan history kept indefinitely
• View total customer liability
• Capability to calculate future pay off
• Supports:
• Intelligent single transaction processing
• Irregular payment schedules
• Full or partial non accrual and charge-offs
• Back dated transaction and rate changes including interest accrual adjustments
• User defined late charge routines
• Various credit life and accident and health insurance options
• Accounting for FASB91
• Detailed general ledger classifications and Call report information breakdown includes Credit Bureau reporting, CRA reporting, FNMA & MPF secondary market reporting, FHLB collateral reporting
• Message archiving at account level
• User defined fields - multiple types
• Year-end processing and forms printing
• Automatic interface to our Core Banking System's General Ledger
• And more