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| "The Nortridge Loan System helps you track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values." |
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Loan Servicing with Nortridge |
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| Distressed Debt |
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| The distressed debt market is heating up. Are you ready to manage and service a high volume of bad-debt loans? Does your loan servicing software handle these kinds of loans? The Nortridge Loan System helps you track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values. You can also track ongoing loan maintenance costs ("protective advances") including reimbursable and non-reimbursable expenses, short-term and long-term capital gains. Servicers in the distressed debt market have also told us that the inability to track a loan's multiple collateral assets and value is a common pain point. With Nortridge, you have the ability to easily track multiple pieces of collateral on each loan along with all related functionality, including tax and insurance data. |
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Eliminating an unwieldy spreadsheet system or an intiquated, inefficient software package |
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Entering borrower information just once but being able to associate it with multiple loans |
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Simultaneously tracking note balances against purchase costs and short-term and long-term capital gains |
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Simplified collateral tracking |
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| Features |
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Fast and easy loan restructuring |
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Simultaneously track note balances against purchase costs while also monitoring ongoing loan maintenance costs and short-term and long-term capital gains |
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Simplified, all-inclusive collateral tracking |
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Enter borrower information just once and associate it with multiple loans |
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Multi-book accounting and shadow loans |
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Ability to track multiple pieces of collateral and related functionality |
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| Nortridge Software, LLC | 2 South Pointe, Suite 250 | Lake Forest, California 92630 | (800) 993-6227 | sales@nortridge.com |
| Copyright © 2001 - 2010 |
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