Charge-off Loan Tracker

Charge-off Loan Tracker

Lowenstein and Associates
Precision LM

Precision LM

SS&C Technologies
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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

In today's competitive environment, commercial lenders are looking for ways to increase efficiency in the loan process, improve profitability and control risk. Precision LM is a single database application that provides comprehensive commercial loan management from initial request to final disposition. Precision LM improves your results by managing all aspects of your loan process, pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting, with a single database application. Streamline originations, the origination component shortens decision and closing timelines while ensuring consistency in underwriting approaches. Simplify servicing: The servicer component supports a fully integrated contact management system, reduces risk with tracking of portfolio and relationship exposures, and decreases servicing costs per loan while expanding servicing capability without extra staff.

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

Lenders that want to manage loan origination and servicing in a single system solution

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

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
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

SS&C Technologies
United States
www.ssctech.com/solutions/products-a-to-z/precision-lm

Alternatives

Alternatives

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DownHome Loan Manager

DownHome Loan Manager

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LoanAssistant

LoanAssistant

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Lending Manager

CloudMaven, Inc
Third Eye

Third Eye

Third Eye Solutions

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

Integrations

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

Integrations

ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Wolters Kluwer Passport
Claim Charge-off Loan Tracker and update features and information
Claim Charge-off Loan Tracker and update features and information
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Claim Precision LM and update features and information