Sponsored Content by Applied Business Software.
Maybe you are financing equipment or assistance on the renewal fee to your franchisees. Or maybe you are choosing to defer the initial membership fee, provide financing on the territory fee, finance fixtures, signage, technology, etc… That is where our software comes in. Whether you service a handful or hundreds of loans, The Loan Office™ automates and streamlines your entire portfolio.
In The Loan Office™, TLO, you can track every dialogue with your customers using the Conversation Log. Track multiple insurance policies with built in notices. Create custom documents through our powerful integration with Microsoft Word templates and Mail Merge. Track loan delinquencies and late charge assessments with automatic notices.
Our software has a feature called Graduated Terms , GT, designed to service any type of step loan; GPM, GTM, GPARM, scheduled principal pay-downs and more. You can easily handle loans with predetermined rate and payment changes, automate borrower modification notices, and generate comprehensive management reports. With the Graduated Terms feature you can completely automate servicing and reporting requirements, schedule loan changes years in advance, maintain full itemization of rate and payment changes, and generate all notices instantly. State and Federal regulations dictate that servicers provide borrowers with timely notices of interest rate, payment and loan term changes. This GT feature includes a comprehensive set of management reports to aid in the day-to-day servicing of your loans.
Use our Escrow Accounting feature to manage escrow and impound trust accounts, properties, transactions and funds deposited by borrowers. Automatically reconcile to your bank statement. Control and account for all trust monies received. Meet or exceed currently established legal and accounting standards. Maintain multiple accounts with unlimited clients (sub-ledgers). Generate reports, reconcile bank accounts, issue checks and disburse funds, as well as process deposits, adjustments and issue checks
Compliance with the statutes and regulations that govern the handling of trust accounts is essential to the health of your business. Hence why Franchisors maintain their records properly using our software.
The Automated Clearing House (ACH) Express feature processes loan payments electronically. The funds are transferred directly to your bank account. With ACH/EFT Debiting you can electronically collect borrower payments. Eliminate human error, late payments and save money. Process hundreds of borrower payments effortlessly.
In the past, only the largest and most prestigious companies enjoyed the benefits of electronic billing. By using the ACH/ EFT Debiting feature, your Franchise will be perceived as innovative, technologically advanced, service oriented, and efficient; a company your Franchisees can trust.
With Borrower Online Access you can: Allow your Franchisees to make their payments online, provide them instant loan information, eliminate printed statements and tax forms, and reduce customer service phone calls. All available with no additional data entry on your part. You can also integrate with our IRS Tax Filing Service and not worry about e-filing, printing or mailing end-of-year tax forms.
The Financial Calculator is a highly sophisticated financial and loan negotiation tool to calculate APRs for the most complex loan transactions. You can produce professional amortization schedules for both borrowers and lenders and calculate the purchase price of a note based on a desired yield. This Loan Negotiator helps you calculate the rates on any loan quickly and easily. As you change information, it will instantly update all affected fields until you arrive at the loan that meets your borrower’s needs.
There are so many other reasons why Franchisors use our software to service their loans. Give us a call today and we will go in depth in a free demo.
800.833.3343