World-Class Loan Servicing Software
The industry’s most sophisticated mathematics and customizable interface for lenders with complex… and not so complex needs.
Available Server Installed (Windows) and on the Cloud (SAAS on Azure)
Soc 2 Attestation
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Key Features
☑ Loan Origination components
- Accept / Reject applications (bulk import via JSON file)
- Import approved Loans automatically and in real-time from your loan approval tool
- Create payment schedules
- Create/send loan documents with e-Signature
- Store documents in system
- Web: On-line web application form (customized for each customer) (separate module)
- Web: On-line loan approval tool (separate module)
☑ Payment / Amortization schedules
- Create simple and complex payment schedules
- Paid, unpaid, partial, late, extra, lump sum payments
- Regular payment order/sequence: Fees > Interest > Principal
Special method (upon request) : Interest > Expected Principal > Fees > Principal - Interest only, Principal only, P&I payments, mix
- Regular payment order/sequence: Fees > Interest > Principal
- Multiple principal advances
- Fixed or variable interest rates (and tie loan to an index – Prime, SOFR, etc.)
☑ Sophisticated math
- Compound (Effective rate method), Simple Capitalized and Simple interest
- APR calculation
- Multiple Day counts
☑ User-defined Customization
- Unlimited custom fields and menus
- Personalized “loan” Types
- Transaction types (payment, principal, fees, etc. – over 100 types)
- User defines which data is displayed/hidden
☑ Fees / Escrow
- Multiple fee types
- Automatic fees
- Escrow (Tax and Insurance)
☑ Web interaction
- Web application form / Web loan approval tool
- Web portal for Borrowers / Investors
- Mass import: borrower, loans and prospects/leads
- Automatic loan import via JSON or Excel
☑ Reporting
- User-defined custom reports with over 1000 fields
- Export to General Ledger: QuickBooks, Sage, Excel, CSV
- Financial projections
- Produce and email invoices, statements, letters, contracts
- Investor statements
- Reports produced automatically (overnight or as needed), saved and sent by email to FTP
☑ Automation
- Electronic Funds Transfers (EFT)
- USA: NACHA file and VoPay EFT processor
- Canada: VoPay and Accéo Transphère EFT processor
- Europe: SEPA File (pain008.001.02 and pain008.01.08)
- Debits and credits (VoPay)
- Automatic reports generation
- Email/SMS alerts to Borrowers
- Alerts (in system, by Email or by SMS) to users
- Amortization schedules automatically updated when interest rate changes (base rate + spread)
- Fees based on rules set by administrator
- API – Loan and Borrower creation / data update via JSON or Excel file (real-time)
- Salesforce integration through API
- Electronic Debits (NACHA file for USA / VoPay and ACCEO-Transphere for Canada)
- E-Transfers (Credit to borrower) (VoPay)
- Automatically recompute payments (interest-only; fixed principal; fees, interest and principal)
☑ Licensing
- On-premise license
- Cloud (subscription)(SAAS on Margill Azure Cloud)
☑ Other features
- Electronic Signature integrated (with Xodo Sign)
- Various user levels and permissions (from read-only to Administrator)
- Multi-factor authentication (MFA)
- Multi-creditor / Participation loans
- Multi-currency
- Credit reporting (Metro 2)
- Attach / Scan documents
- Dashboard using widgets
- Bulk database changes / updates
- Time-stamped Notes
- Multiple activity Logs
- Full database search engine
The Margill Loan Manager Advantage
Whether your have 25 or 25,000 clients, Margill will help you:
Reduce your risk and bad debts
Save valuable staff time and simplify their tasks
Get instant access to critical, consolidated information, any time
Reduce accounting reporting time, increase its accuracy
Increase revenue: track true payments / automatic fees for late/unpaid payments
Margill around the world
45 countries
Testimonials
Margill has made our lives much easier here since we installed it. It has cut down the time it takes to perform my month end accounting procedures greatly!!!
Managing our borrowers and their loans has been tremendously simplified with Margill Loan Manager.
We find the ability to modify terms and adjust payment schedules especially helpful, as we are dealing with farmers and food producers with seasonal and sometimes unpredictable cash flows.
This software is easy to install and to use. Also, we recommend this software for its flexibility considering the work we do. The cost is reasonable and attractive. Time for training was very low and everyone was happy to use such a powerful tool.
Transform hours of Loan Servicing into minutes.
Save time. Avoid errors.
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