Distressed Debt Industry

Track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values.

Clients Include

The distressed debt market is heating up. Are you ready to manage and service a high volume of bad-debt loans? Does your loan servicing software handle these kinds of loans? The Nortridge Loan System helps you track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values. You can also track ongoing loan maintenance costs ("protective advances") including reimbursable and non-reimbursable expenses, short-term and long-term capital gains. Servicers in the distressed debt market have also told us that the inability to track a loan's multiple collateral assets and value is a common pain point. With Nortridge, you have the ability to easily track multiple pieces of collateral on each loan along with all related functionality, including tax and insurance data.

Imagine:

  • Eliminating an unwieldy spreadsheet system or an antiquated, inefficient software package
  • Entering borrower information just once but being able to associate it with multiple loans
  • Simultaneously tracking note balances against purchase costs and short-term and long-term capital gains
  • Simplified collateral tracking

Features

  • Fast and easy loan restructuring
  • Simultaneously track note balances against purchase costs while also monitoring ongoing loan maintenance costs and short-term and long-term capital gains
  • Simplified, all-inclusive collateral tracking
  • Enter borrower information just once and associate it with multiple loans
  • Multi-book accounting and shadow loans
  • Ability to track multiple pieces of collateral and related functionality

Manage the entire lifecycle of your loan portfolio in one place.

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