LoanShark is a mortgage application that can keep track of all type of transactions, including monthly, biweekly, weekly or random payment periods.
If you are holding a mortgage note on real estate or a loan on personal property such as new or used cars, mobile homes or any other items, you need LoanShark mortgage management, loan servicing and amortization software to manage, record and document your incoming payments.
Here are some key features of "LoanShark":
· Provision for escrow collection and disbursement of taxes and/or insurance.
· Post multiple receipts for the same payment period. Automatically computes principal, interest, remaining balance and late payment penalty (if any). Obtain payoff amounts including per-diem interest for a specified date.
· View and print payment history for any given timeframe. Total or yearly summary reports of principal and interest received, mortgage payment coupons and more.
· Create payment coupons and end-of-year statements to send to borrowers, print letters, envelopes, attach notes or remarks and images of the property or documents.
· Includes financial calculator, printable amortization schedule creator, time value of money - future value / present value calculations
Limitations:
· 14 days trial period
· Nag screen
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