Loan Trak Pro description
Loan Trak Pro is a complete loan portfolio management software that tracks loan principal, interest accruals, payments etc

Loan Trak Pro is a complete loan portfolio management software that tracks loan principal, interest accruals, payments, late fees, escrow payments, and other fees/costs, charges, or credits.

Loan Trak Pro can also handle all the billing functions for loan accounts with set repayment schedules. The program is useful in maintaining and reporting active loans as well as non-accrual and/or charged off accounts.

Here are some key features of "Loan Trak Pro":

· account names and account numbers in a Loan Trak Pro file are displayed in a "sortable" (and searchable) listing on the left side of the data form, with the selected account's data (master Account info, Transactions, Billing Info, and Bills Outstanding) shown on the right.
· The improved "search functions" allow you to locate individual records quickly (Account, Transaction, Billing Info or Outstanding Bills), even in large files.
· Interest can be accrued using an exact days 365/365, 365/360, or equal 30-day months 360/360 accrual basis for each individual Account. Starting with version 4 you can also choose between a fixed or floating interest rate type.
· Payoff amounts are always available as of the current date... the payoff 'date' can now be modified to provide a payoff amount as of any date you choose - past, present, or future. A Per Diem interest amount is also provided for easy recalculation of a previously quoted payoff.
· Current interest due is automatically maintained, as well as any late fees due, other fees/costs due, interest paid year-to-date & life, late fees paid year-to-date & life, and other fees/costs paid during the life of the loan.
· Beginning with version 5 Escrow accounts for insurance, taxes, etc. can be set up and maintained for individual loans, and the current escrow 'balance' is updated whenever a payment is made into or from the customer's account. An escrow account "history" can be viewed or printed whenever necessary.
· End of period processing will automatically accrue interest to date (using the interest rate "basis" and "type" for each customer) for ALL accounts in the file.


Requirements:

· Pentium (or Pentium-compatible) CPU (266 MHz for satisfactory performance)
· 128MB of physical/installed memory (256MB recommended for satisfactory performance)
· SVGA monitor with a minimum 800x600 display resolution AND 16-bit (or better) 'color depth' setting
· Hard disk drive with 12.5MB of available space for a complete installation (could be much less if the required "system" files are already present on your computer. The WinXP operating system already includes the bulk of these files.)
· Windows compatible printer for 'hard copy' reports


Limitations:

· 60-day fully functional trial