 |
 |
 |
 |
 |
| |
| "To easily track loans that come from two or more sources, the Nortridge Paricipations Module is a natural." |
|
| |
|
Modules of the Nortridge Loan System |
|
| Participations Module |
|
| Participation Loans are loans in which the funds for the loan come from two or more sources of funds or participating institutions. NLS will provide all the sub-accounting and payment distribution to the participants. |
|
| Features |
|
| • |
Participations can be by percentages or by dollars |
|
| • |
Each participant can have a different main interest rate and secondary rate for deferred interest |
|
| • |
Distributions are rules-based |
|
| • |
Payments to participants can be made through ACH or automatic check disbursement |
|
| |
• |
General Ledger entries can be generated for each participant |
|
| |
• |
Servicing fees can be tracked |
|
| |
|
|
|
   |
 |
| Home | Company | Privacy Statement | Terms of Use | Site Map |
 |
| Nortridge Software, LLC | 2 South Pointe, Suite 250 | Lake Forest, California 92630 | (800) 993-6227 | sales@nortridge.com |
| Copyright © 2001 - 2010 |
| |
