LOAN MANAGER – PRODUCT FEATURES
Margill Loan Manager – Explanatory document for Transition from “Perceptech” to “VoPay”
September 4, 2024 The transition from Perceptech to VoPay is done in a few minutes in Margill. Simply follow the instructions below and follow the short “Transition Wizard” in Margill. 1) Before the transition, it is important to know that the following fields are mandatory for the Borrower: Name, First name (or Company), Address, City, […]
Margill Loan Manager – How to create a report which identifies all of the unpaid payments
Q: How can we create a report which identifies all of the unpaid payments? A: I would create and run a Transaction report. 1. Create a New report template. On the top right, pick up at least the Unpaid Pmt Line status (there could be other Unpaid Pmt Line statuses). 2. On the left from the “Transaction […]
Margill Loan Manager – How to eliminate an Outstanding amount when the final loan balance is 0.00
Question: I’m trying to apply a payment in order to elimintat the outstanding balance in a loan. Can you explain how to do it? Answer: The outstanding amount is somewhat of a theoretical amount in more complex or irregular loans. The amount is based on what is actually paid (“Payment” column in the Payment schedule) […]
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet Question: I must make sure that all my loans include a name, address, city, province (or state), postal code (or Zip) and country for the Borrowers in a specific format. How can I do that in Margill? Answer: This operation […]
Is it possible to issue a refund to a customer who overpaid, directly from Margill?
Q: Is it possible to issue a refund to a customer who overpaid, directly from Margill? A: Do you mean issuing a credit to the customer directly in Margill like when you do a pre-authorized debit with Perceptech / Acceo / Transphere (in Canada)? The answer is no with Perceptech / Transphere but with our […]
Automated invoice numbering
Q: I created an invoice in Margill (via Document Merge) and would like to know if it can number the invoices automatically. A: A few options are available in Margill First method: By using the Global Changes function import your invoice numbers directly into your Records. Let’s start by creating a Custom field to import […]
How can I mass import “Unpaid” payments with an Excel sheet in Margill Loan Manager? I need to obtain the Outstanding payment amounts.
Question: How can I mass import “Unpaid” payments with an Excel sheet in Margill Loan Manager? I need to obtain the Outstanding payment amount too. Answer: Usually, when payments are NOT made (so were skipped or the payments returned for non sufficient funds (NSF), on a historical basis, these would simply be ignored and only […]
In the Loan Manager, is it possible to change a payment date for all loans at the same time?
Q: In the Loan Manager, is it possible to change a payment date for all loans at the same time? For example, I want to change the date from March 26 to March 27? A: This can be done in batch but each date will have to be modified. You can do this for “Due […]
Easily create and manage Covid 19 (Coronavirus) Emergency Business Loans with Margill Loan Manager Software
Federal, state and provincial governments, townships, cities and towns all over the world have created very generous loan programs to help businesses as they struggle with the global pandemic and the effect of confinement. These loans can take many shapes and finding the right software to properly create and manage these is not always easy. […]
12,000 Reasons why to use Loan Servicing Software as opposed to Spreadsheets!
I love spreadsheets, they are absolutely amazing for doing so many things. They are hugely flexible, powerful and allow you do to just about anything (almost). However, as we all know, they are also very dangerous because of human error! I recently implemented Margill Loan Manager with a new client who had been using spreadsheets […]
How to Defer Payments and Interest to give your Borrowers some Breathing Room Because of the COVID 19 Pandemic
Q: How can I provide my borrowers a temporary payment and interest break in Margill Loan Manager? A: With normal loans, those with regular payments, at regular intervals, and no regular fees or taxes (the case with leases), this can easily be done in Margill and in bulk. So you need not do this individually, […]
Is there an Alert that we can add that will pop up when we attempt to add more principal than what we have set as the maximum credit?
Q: Is there an Alert that we can add that will pop up when we attempt to add more principal than what we have set as the maximum credit? A: Yes, this is called a Conditional Alert. In the Main window go to Tools > Settings > Set Alerts > Conditional: When the window opens, click […]
Mass data entry / Global database changes / Adding new data in the database in bulk / Mass database changes in Margill Loan Manager
Q: We have added some custom fields for additional loan information. Is there a way we can mass import only those specific custom fields in Loan Manager? A: Yes you can mass import data into Margill Loan Manager. This is with what we call “Global changes”. This can be done for the loan, mortgage, line of […]
Mass importing existing loans and borrowers in Margill Loan Manager
Q: I wish to change from my current loan servicing platform to Margill Loan Manager. Can I import my existing loans or will I have to enter these one by one? A: Mass import can be done easily with simple spreadsheets (Excel). You can import: Borrower data Creditor data Employer data Basic loan information (loan […]
Setting up automatic emails (reminders) to your borrowers
Margill Automatic Emails… Allow you to have Margill send out emails automatically a few days before a payment is due, to remind your borrower to pay. You can send reminders to all your borrowers or only the ones that don’t pay so well or on time… The system can automatically email your borrower that a […]
Total Flexibility in your Payment Schedules
Loan servicing made easy Completely adapt a payment schedule to your borrower’s needs and real life such as irregular payments, seasonal cashflow, interest-only, principal-only, partial, late, unpaid payments, lump sum, automatic fees, negative balances in intercompany loans, interest rate changes, residual value…
Can we email an amortization report to each borrower when interest rates change?
Margill Loan Manager – Can we email an amortization report to each borrower when interest rates change? Yes this can be done. First, I guess you updated the interest rates though the Main window with Ctrl Alt Shift i. Ideally you have a custom field that identifies the loans that are tied to the specific […]
Margill Loan Manager: Is there an audit trail that can be printed to show transactions / changes to records on a daily basis?
Q: Is there an audit trail that can be printed to show transactions / changes to records on a daily basis? A: Yes very easily. Go to the Main Margill window, select all the loans (probably only Active loans) , Tools > Various > Display the history of changes for selected Records. You can then […]
Can Margill Loan Manager be used to manage rentals (rent)?
Question: Our company does loans and rentals. Can Margill Loan Manager be used to manage rentals (monthly rents)? Answer: As strange as this may sound for a loan servicing software, yes Margill Loan Manager can manage rentals. The difference between a loan and a rental is that loans begin with a principal amount borrowed that […]