Standard Features

Features of the Nortridge Loan System

The Nortridge Loan System is a loan servicing software program rich in functionality and flexibility. The following is a list of our most popular features. Main Features

• Unlimited collateral with valuation, insurance and tax tracking
• Open architecture allowing for easy integration with other systems, including General Ledger and front-end origination systems
• Field-level security
• Internal audit control with field-change history
• Funds Distribution
• Unlimited comments and document storage capabilities
• Tickler system for important dates
• Collection module with "promises to pay" included
• Task Manager and Workflow Management — Workflow automates tasks related to loan origination process (including document generation), credit line extensions and approvals
• Credit Bureau Reporting

Additional Standard Features

Borrower Information. Besides the normal borrower data, contact information files include contact type, contact reference number, contact number, short name and company. It can also include:

• Relationship information that links contacts and borrowers (unlimited addresses for references, multiple offices, related entities)
• Multiple loans and relationships

Loan Processing — Payments

• Automatic late-fee removal when effective-dating payment application
• Automatic re-assessment of late fees on non-sufficient funds (NSFs)
• Statements, late notices and coupon books can be generated. ACH and lockbox also supported.
• Late fees can be assessed based on your requirements (multiple calculation options available)
• Handles NSF payments with automatic reversals and automatic rules-based NSF fee assessment
• Multiple payment options, including interest-only, principal-only, percentage-principal reduction, fixed-principal reduction, interest-only beginning periods, amortized payments, step payments, and custom payment schedules
• Handles any type of payment (including effective-dated payments, and partial payments)

Interest

• Fixed, variable, step-by-amount and step-by-days
• Minimum balance accrual
• Maturity, default, and secondary accrual rate

Collections

• Quick access to payment histories, collateral information, loan modifications, and month-to-date (for current period or any previous period since loan origination), year-to-date, and life-to-date statistics
• Commenting capabilities throughout for officer notations, messages, phone logs, and notes
• Payoff statements with capability of future dating
• Customizable collection screen
• Promises to pay
• Rules-based collector processing with personal and master campaigns; Ability to create personal campaigns (using any combination of fields) or utilize master campaigns

Reporting

• Extensive reporting capabilities using our built-in reporting tool along with extended capabilities integrated into a corporate data warehouse
• Numerous reporting options that permit the efficient generation of reports on-the-fly, based upon your unique criteria
• Tight integration with Microsoft Reporting Services
• Ability to schedule reports for automatic generation

Funds Distribution

• Checks or electronic transfers of funds can be done at any time
• Interfaces seamlessly with accounts payable systems