News
What is #1 Loan Servicing Software in the World?
Very interesting question, but is there an answer? Being number 1, being the Top is the ultimate goal for many… The ultimate achievement… The Gold medal! We hear this in political speeches: we are the BEST, we are the GREATEST, never in the history have we been SO GREAT… Vying to be Number 1 is […]
Your Credit Score May Soon Change. Here’s Why.
Your credit score — that all-important passport within the financial world — may be about to change. And it won’t necessarily be because of anything you did or didn’t do. Read this article by Tara Siegel Bernard in the New York Times.
Calculating Interest Distribution to Investors in Complex Participation/Syndicated Loans, Pools or Funds
Maximizing Investor Returns / Reducing Risk through Participation/Syndicated Loans Investors are constantly looking for new ways to maximize their returns. Investing in higher risk private loans is a method to generate 10 to 20% + annual returns. Of course, one of the objectives is to reduce risk and this can be achieved when multiple investors […]
Margill Loan Manager 5.1 soon to be released – Release Notes available
Margill Loan Manager 5.1 will be released later in January or early February. Consult the Release Notes.
Margill Loan Manager – Ageing report – with refinanced loans
Q: If a loan was refinanced and the payments revised based on the refinanced balance, can the loan account still be in arrears? Doesn’t the refinancing and revised payments take into consideration any prior arrears? A: Arrears are always a little tricky with refinanced outstanding amounts since a human must take a decision as to […]
Automatic Margill Loan Manager emails – Gmail managed emails (G Suite / formerly Google Apps) are blocked
Q: I have set up automatic emails in Margill Loan Manager. We use G Suite for these but when I test the email connection if get a message saying the Google blocked the app since it is a less secure app. What can be done? A: We see this once in a while when using […]
Setting up and Servicing Agricultural (Farm) Loans Efficiently
Setting up and Servicing Cash-flow adapted Agricultural (Farm) Loans Efficiently Most farmers have special needs when it comes to their loans to buy land, equipment and other farm assets because of their seasonal cash-flow and income spikes. Therefore, agricultural loan products shouldn’t be set up like conventional personal or business loans or mortgages with regular […]
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 […]