Audience
Financial institutions looking for a software solution to manage and collect charge-offs
About Charge-off Loan Tracker
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.
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Integrations
Company Information
Lowenstein and Associates
Founded: 1986
United States
laapc.com/charge-off-loantracker/
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Product Details
Platforms Supported
Cloud
Training
Documentation
Live Online
In Person
Support
Phone Support
Online
Charge-off Loan Tracker Frequently Asked Questions
Charge-off Loan Tracker Product Features
Loan Servicing
Auto Loans
Business Loans
Collections Management
Construction Loans
Student Loans
Accounting Management
Amortization Schedule
Application Management
Automatic Funds Distribution
Collateral Tracking
Compliance Management
Customer Database
Fee Management
Investor Management
Loan Processing