Designed from the outset to be flexible, Nortridge allows loan servicers to develop their own loan products based on their current or evolving business requirements, all without additional programming.
Greg Hindson talks about the flexibility of the Nortridge Loan System and how it allows you to change your business focus and navigate industry trends without an additional investment in software.
"It is unique and valuable to have a loan servicing software system that is backed by nearly three decades of experience helping lenders and loan servicing businesses more efficiently track loans and generate reports critical to their organizations and their respective stakeholders."
Loan Servicing with Nortridge
Loan Servicing Software to Drive Your Business Forward
Loan servicing is a challenging business, complicated further when you lack the proper tools to backdate payments and rate changes, track important data, avoid manual calculations, and consistently churn out performance reports uniquely suited to the reporting needs of your investors and board of directors. Nortridge Loan System (NLS) is a Windows-based loan servicing software program backed by nearly three decades of experience helping lenders and loan servicing businesses more efficiently track loans and generate reports critical to their organizations and their respective stakeholders.
Loan Servicing for These Loan Products:
- Installment Loans
- Lines of Credit
- Mortgage Loans
- Pre-compute Loans (Actuarial and Rule of 78s)
- User-Defined Loan Products
- Consumer
- Interest Only
- Custom Payment Schedules
Advantages
- Flexible: When the account parameters change from loan-to-loan, you'll be able to respond quickly. With more than 300 user-defined fields featuring unlimited text, data values, drop-down boxes, and check-boxes to suit your or your customer's unique lending needs, flexibility comes standard. You’re also empowered to design your own loan templates and create custom queries and reports.
- Dependable: Eliminate spreadsheets and manual calculations. We know the integrity of any financial system is essential to your business processes.
- Easy-to-use: NLS is Windows-based so you'll immediately feel comfortable with it. Shortcut bars, tree controls, tabbed windows and tool tips make it intuitive to operate.
Architecture
- Our loan servicing software is based on familiar Windows user interface — Designed for Microsoft Windows platforms including Vista and Windows 7, utilizing object-oriented technologies
- Open architecture, supports Microsoft SQL Server and Oracle as backend databases
- SOAP-based Web Services
Main Features of our Loan Servicing Software
- Unlimited collateral with valuation, insurance and tax tracking
- Open architecture 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
- 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
Common Features of the Nortridge Loan System
Optional Modules
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Call (800) 993-6227
Call (800) 435-7240