Charge-off Loan Tracker

Charge-off Loan Tracker

Lowenstein and Associates
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About

When a loan goes bad, it can be a challenge to track and collect. It’s out of sight on your books … but it shouldn’t be out of mind for your bottom line. Charge-off Loan Tracker (COLT) makes working with bad loans a lot easier. COLT has been helping financial institutions manage and collect those pesky charge-offs since 1987. It’s so easy to use, you’ll be astonished! It automatically tracks unpaid balances and accumulates interest, accommodates new payment terms, generates board reports, and much more. If there’s a chance to collect, COLT gives you what you need to make it happen. COLT makes it painless to revitalize bad loans so you can devote your time to more profitable tasks. Tracking for principal, interest and fees. Numerous accrual methods. Transaction-based accounting. Flexible modification repayment terms. Borrower invoicing and correspondence. Complete shadow accounting. 1099-Cs, including automated interface with IRS. Documented audit trail. Robust reporting engine.

About

Megasys is the leader in complete loan management systems for the consumer finance industry for over 35 years. We provide customizable software platforms for finance companies of every size, from startup businesses to major corporations. Our clients service 2 million active accounts and processed over 1 million applications, with $8 billion in transactions. Omega is a user-friendly browser-based solution that streamlines account servicing operations. Our total solution includes loan origination, loan servicing, collections, reporting, and document storage. Omega includes our own integrated and intuitive General Ledger and Accounts Payable systems with drill-down capability, making Omega the most complete package available for a consumer finance company. Megasys offers both Loan Servicing and Loan Originations Systems to streamline your credit application process to handle the loan lifecycle from booking to closing.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Financial institutions looking for a software solution to manage and collect charge-offs

Audience

Consumer Finance Industry

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

No images available

Pricing

No information available.
Free Version
Free Trial

Pricing

$795.00 per month
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Lowenstein and Associates
Founded: 1986
United States
laapc.com/charge-off-loantracker/

Company Information

Megasys
Founded: 1981
United States
www.megasys.net

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Categories

Categories

Loan Servicing Features

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

Loan Servicing Features

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

Loan Origination Features

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Integrations

ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Paired Plus
Wave RMS
Wolters Kluwer Passport

Integrations

ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Paired Plus
Wave RMS
Wolters Kluwer Passport
Claim Charge-off Loan Tracker and update features and information
Claim Charge-off Loan Tracker and update features and information
Claim Megasys Omega and update features and information
Claim Megasys Omega and update features and information