Loan Write is multi-user loan creation and servicing software that allows lenders to initiate
and track loans.
Loan Write:
 Maintains a
customer database.
Supports
designation of joint applicants.
Calculates
pertinent interest rates.
Calculates loan fees (i.e., pre-paid interest, origination fees).
Calculates APR (Annual Percentage Rate) based on formulas found in Appendix J
of Regulation Z Truth-In-Lending.
Offers setup options for the customization of loan calculations.
Supports various industry standards for calculating loan schedules.
Supports a late payment grace period.
Tracks loan payments made by borrowers.
Includes
a rapid payment entry system and coupon scanning capabilities.
Loan Write creates and prints:
Truth-In-Lending
Statements.
Promissory Notes (supports import of customized notes used by your organization).
Loan Schedules.
Payment Booklets.
Updated Loan Schedules and Payment Booklets based on payment history.
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