Loan servicing software to reduce operational risk
Loan servicing software is designed to limit errors that become costly as portfolios grow: inconsistent interest calculations, missed fees, poorly tracked late payments, and discrepancies identified too late.
Margill’s software applies a clear and consistent logic across all loans. The same rules are enforced from the first payment to final closure. Teams work from consolidated, up-to-date data instead of reconciling multiple sources. The result is fewer errors, fewer surprises, and better control over late payments and at-risk receivables.
A lender managing several hundred loans, mortgages, lines of credit and even grants can significantly reduce the time spent correcting discrepancies or rebuilding calculations after the fact.
Save time and improve accuracy with the Margill Loan Manager
Margill Loan Manager automates, for a handful or for thousands of loans and other financial instruments (mortgages, lines of credit…):
- Interest calculation
- Amortization schedule production
- Payment tracking
- Customer reminders
- Electronic fund transfer (EFT)
- Fees based on your rules
- Reporting
- And so much more.
Manual checks become the exception, and balances are reliable from the first review.
With centralized information, month-end close is faster and reports are produced with greater accuracy. The software also helps secure revenue by tracking payments received, late payments, and outstanding amounts.
Teams can focus on case follow-up and decision-making, rather than correcting data.
Explore our other financial calculation and management products and services
In addition to loan servicing software, Margill offers a range of products and services designed to support specific calculation, compliance, and customization needs.
- Margill Law Interest Calculator is used in legal and litigation contexts where more complex interest calculations are required.
- Margill Interest Calculator provides a reliable reference for simple and complex interest calculations.
- Interest Rate Tables give access to daily updated central bank, prime, judgment and other benchmark rates used in financial calculations.
- Interest Calculation Services support organizations with complex financial situations or in need of hundreds or thousands of calculations.
- Custom Programming Services allow Margill tools to be adapted to specific business rules, integrations, or environments.
Frequently asked questions about Margill loan manager
Consistent and centralized data shortens reporting cycles and reduces the time required for month-end close.
Outstanding balances, accrued and paid interest, payments received, late payments, fees applied, and overdue amounts are all available from consolidated data.
Increased staff efficiency allows them to manage a larger volume of loans. By tracking actual payments, automatically sending reminders, and automatically applying late or unpaid fees, the software helps secure the amounts owed and improve cash flow predictability.
Automatic alerts to borrowers via email or SMS, accurate tracking of payments, late fees, and outstanding balances allow teams to intervene quickly and prevent high-risk situations from going unnoticed.
By automating calculations and enforcing consistent rules, the software reduces discrepancies and eliminates inconsistencies that commonly arise in fragmented or manual processes.
It reduces repetitive and manual tasks with automated (alerts, fees, electronic funds transfers (EFT), eSignature, reporting) or semi-automated processes. Key information is immediately accessible and reliable without repeated cross-checking. People nevertheless remain key even in evolved loan servicing solutions.