Support multiple lines of loan products like installment, marketplace unsecured, secured loans, lines of credit, mortgage, auto, and many more.
Easily create different loan types including term loans, non-revolving, commitment and pool loans.
Choose among simple interest, fixed amortized, fixed amortized (beginning), Rule of 78s and average daily balance.
Accrue on the first day, or the last, or both. Beginning or end of day. Interest year of 360, 364, 365, 366, or actual.
Set a base rate (e.g. Libor, WSJ Prime). Compound based on days, number of periods. Set minimum interest, a post-maturity rate, default interest and same as cash.
Choose among days, weekly, bi-weekly, semi-monthly, 28 days, monthly, bi-monthly, quarterly, semi-annually, annually, maturity, or define your own.
Automated Late Fee and NSF processing – automatic removal on effective dated payments or addition on reversals and NSF.
Define the payment application waterfall and customer rules to control thresholds and payoffs.
The best way to improve collections is to avoid delinquent accounts in the first place. It starts with making it easy for your borrowers to make payments - in the way that works best for them. Nortridge Software natively accepts credit cards via our partnership with Merchant Partners. You can do recurring credit card transactions and recurring ACH payments. You can even leverage the network of 7-Eleven and ACE stores to accept cash payments on your behalf via PayNearMe. All with the enterprise-level security one would expect from Nortridge.
Accept credit cards and debit cards safely and securely.
Set up recurring automatic ACH payments natively.
Accept cash payments at any
7-Eleven with PayNearMe.
Tie your lockbox account to Nortridge Software.
Easily accept Western Union payments.
Easily accept MoneyGram payments.
Need to accept a different form of payment? Contact us
Maintain a tightly integrated record of borrowers, investors, dealers, and much more.
Track and leverage all the information you need for every borrower and contact. Pull and store credit reports, verify addresses, track information on loans and detailed demographics with user-defined fields (UDFs). All of this information is tied to reports allowing you to manipulate and analyze all data, and use it to better originate and collect on loan products.
Communicate to your borrowers based on their preferences. Send them texts*, emails, or classic mail. Give them the ability to make payments, pull statements and check their balance via a borrower portal. All communication is stored back in the Nortridge Loan System for reporting and analysis.
Track a lot more than just borrowers. Create contact types that allow you to build rich data on co-borrowers, investors, multiple-investors, servicers, lenders and pretty much any other type of contact you can think of. All of them can be tied to one or multiple loans allowing you to keep all data in one place: Nortridge Software. An additional CRM isn't even needed.
Pull and store credit reports from all major bureaus and alternative ones under each contact and create rules based on credit data
Keep track of all communication with borrowers and other contacts in one place.
Use User Defined Fields (UDFs) to capture rich demographic data on every borrower and contact.
Every address is verified against the Postal Service's database. Now you can always send statements to the right place.
Direct access to all the loan servicing data you need to run reports, business analytics and business intelligence.
Keep track of important information in real time with graphical dashboards.
Every loan has in-depth statistics, daily trial balance for the loan, detailed transaction data and loan payment history... and that is just the beginning.
Get lightning-fast financing options with the ability to run detailed credit reports and pass customer data directly to your integration endpoints. Our software offers robust features that improve sales and manage auto loans much more effectively.Auto >
Enjoy easy management and tracking of consumer installment loans throughout the entire lifecycle of the installment loan. Our software is highly customizable to meet the unique needs of consumer installment loans.Consumer >
Experience innovative features that have been built for lending professionals in the commercial lending space. The software is easy to use and ensures that you can manage commercial loans with great ease.Commercial >
Simplify the complexity of student lending with our loan servicing software. Streamline the entire loan life cycle and automate payment processing. Increase efficiency and manage student loans more effectively.Student >
Nortridge software can benefit those who specialize in short-term loans. The system ensures compliance with state and federal regulations while providing tools to manage the loan portfolio more effectively.Hard Money >
Effortlessly manage complex billing and payment processes associated with medical loans. By automating payment processing, you can reduce errors and improve your ability to track and analyze loan data.Medical >
And many more...
Here’s why so many trust our software to deliver what they need
Nortridge Loan Servicing Software for lenders provides access to a vast amount of data, making it easy to run detailed reports and analytics. Our software allows you to generate customized reports and dashboards that provide insights into your loan portfolio performance, borrower behavior, delinquency trends and more. With the ability to track borrower communication, loan types, interest methods, and payment schedules, you'll have all the information you need to make informed decisions about your loan products.
Our loan servicing system includes features that help you stay in compliance with all relevant regulations, including the Truth in Lending Act, the Fair Credit Reporting Act, and state-specific regulations.
Nortridge Loan Servicing Software can be integrated with other third-party software applications, including accounting software, customer relationship management software, and loan origination software. We also offer customization options, including the ability to add custom fields to borrower records, customize the user interface and tailor reports to your specific needs.
At Nortridge, we pride ourselves on providing exceptional customer support and training. Our team of loan servicing experts is available to answer your questions and help you get the most out of our software. We also offer comprehensive training to ensure that your team is fully equipped to use our software and take advantage of all its features and capabilities.
But what are we saying? - The only way to truly understand the depth of power and configuration of Nortridge Software when it comes to loan servicing is a demonstration of it.
The Nortridge loan servicing software is used within the process of loan repayment, including tasks such as calculating interest, sending out billing statements, and handling default and delinquency.
Nortridge's loan servicing software includes features such as payment processing, escrow and reserve management, default management, and reporting and analytics. Nortridge is not a one-featured pony - our software is robust and entirely customizable with the ability to be built into anything you may need.
Our loan servicing software can help lenders streamline the loan repayment process, reduce the risk of errors, and improve efficiency and productivity.
Yes, our loan servicing software can be used by a wide range of financial institutions, including banks, credit unions, and other lending organizations.
Yes, our loan servicing software system offers integration with other financial software systems, such as accounting software and CRM systems. We offer access to the API to allow you to integrate with any third-party tool with API access.
Yes, our loan servicing software is designed to handle a variety of loan types, including consumer loans, commercial loans, auto loans, personal loans, and business loans.
Loan servicing software uses complex algorithms to calculate the interest due on a loan based on the terms of the loan agreement, including the interest rate, the length of the loan and interest year.
Yes, our loan servicing software is designed to handle multiple currencies, making it suitable for use by global financial institutions.
Yes, our loan servicing software system is web-based and can be accessed from any device with an internet connection.
Yes, our loan servicing software is designed with security measures in place to protect sensitive financial data.
Yes, our loan servicing software is designed to be easy to use and navigate, even for users who are not tech-savvy. Nortridge can be complex, however, which is dependent on your unique servicing needs. No two Nortridge loan servicing software configurations are the same.