Nortridge Software Blog

Peers lending to peers isn’t new, but with the help of technology, now the process can be automated and electronic. This automation has….

They say a picture is worth a thousand words. Well, it occurs to me that the worth of an image, with words as….

In fall 2008, the United States experienced a financial crisis more severe than any other since the Great Depression. It left millions of….

A reverse mortgage is a loan with no regular payment required, but equity may be cashed out through regular payments from the lender….

A long time ago, in a galaxy far, far away, there was a smuggler named Han Solo. You may have heard of him…..

I’m not going to tell you what metrics and Key Performance Indicators (KPIs) you should be tracking – not in this article at….

The latest Telephone Consumer Protection Act (TCPA) law from the FCC, effective October 16, 2013, is on the street in full force. We….

I have spoken to many financial institutions over the years about the enforceability of electronic signature on loan documents. Many of these financial….

Here’s the best marketing advice for the lending industry: Tell the story behind the loan. It’s 100 times more memorable, it engages emotionally,….

When it is time to upgrade the version of your loan system, it is generally advantageous for a lender or servicer to do….

In today’s leaner and meaner business environment, we are constantly under pressure to deliver more with less. Whether it’s an increase in sales….

March 27, 2014 There is something intrinsically appealing about truly connecting with your audience. In the world of marketing, that means being honest….

Money is a strange thing. It has elusive properties that no other thing in our experience seems to have. If I have a….

In my business of loan management software, one of the hottest topics is “Compliance.” That’s in quotes, because Compliance with a capital C….

In a simple interest loan, interest is accrued every day on the outstanding principal balance. The periodic payment amount is fixed, but the….

Let’s say you’re going to borrow $100,000 in a 30-year mortgage. You have two loans to pick from. One is at a 12%….

Should you use simple interest or the Rule of 78s when calculating interest on a loan? Let’s compare both to see why it….

Charles de Gaulle, the famous French statesman and WWII general, said, “You have to be fast on your feet and adaptive, or else….

What is a balloon payment? This is a complex question, because in general, the answer requires context. In specific terms, the definition of….

Big data is changing both consumer behavior and loan products. Consumers will have an easier time ‘rate shopping.’ With quick and easy access….

According to Generally Accepted Accounting Principles (GAAP) in lending, for many loan types, you must stop accruing interest into income when a loan….

Several years ago before joining Nortridge, I worked as a loan servicing manager at a financial institution that purchased commercial distressed debt. The….

If you are like many consumer lenders in today’s markets, you want your borrowers to be able to go onto your website, look….

Running a profitable lending business; especially one that is experiencing dramatic growth or a changing regulatory climate; can be a difficult task. Often,….