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| "As a loan servicing software program rich in functionality and flexibility, Nortridge offers an extensive list of available features." |
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Standard Features |
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| Features of the Nortridge Loan System |
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| 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. |
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| Main Features |
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Unlimited collateral with valuation, insurance and tax tracking |
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Open architecture allowing for easy integration with other systems, including General Ledger and front-end origination systems |
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Field-level security |
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Internal audit control with field-change history |
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Funds Distribution |
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Unlimited comments and document storage capabilities |
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Tickler system for important dates |
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Collection module with "promises to pay" included |
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Task Manager and Workflow Management — Workflow automates tasks related to loan origination process (including document generation), credit line extensions and approvals |
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Credit Bureau Reporting |
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Additional Standard Features |
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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: |
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Relationship information that links contacts and borrowers (unlimited addresses for references, multiple offices, related entities) |
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Multiple loans and relationships |
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Loan Processing — Payments |
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Automatic late-fee removal when effective-dating payment application |
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Automatic re-assessment of late fees on non-sufficient funds (NSFs) |
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Statements, late notices and coupon books can be generated. ACH and lockbox also supported. |
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Late fees can be assessed based on your requirements (multiple calculation options available) |
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Handles NSF payments with automatic reversals and automatic rules-based NSF fee assessment |
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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 |
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Handles any type of payment (including effective-dated payments, and partial payments) |
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Interest |
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Fixed, variable, step-by-amount and step-by-days |
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Minimum balance accrual |
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Maturity, default, and secondary accrual rate |
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Collections |
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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 |
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Commenting capabilities throughout for officer notations, messages, phone logs, and notes |
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Payoff statements with capability of future dating |
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Customizable collection screen |
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Promises to pay |
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Rules-based collector processing with personal and master campaigns; Ability to create personal campaigns (using any combination of fields) or utilize master campaigns |
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Reporting |
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Extensive reporting capabilities using our built-in reporting tool along with extended capabilities integrated into a corporate data warehouse |
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Numerous reporting options that permit the efficient generation of reports on-the-fly, based upon your unique criteria |
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Tight integration with Microsoft Reporting Services |
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Ability to schedule reports for automatic generation |
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Funds Distribution |
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Checks or electronic transfers of funds can be done at any time |
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Interfaces seamlessly with accounts payable systems |
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| Home | Company | Privacy Statement | Terms of Use | Site Map |
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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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