Loans

Accurately calculating, processing, and distributing loans can be a complicated and often manually intensive process. If loans aren’t handled with precision, errors can occur at a high rate. However, with Loan Manager software loans can be processed simply and efficiently, so you can stay worry-free. Our loan processing covers:

 

Consumer Loans

  • Calculates 5 insurance premiums, interest, service charges, points and maintenance fees
  • Edits rates, terms, and loan amount
  • Loan quoter screen can be saved and recalled to book
  • Laser print all loan and insurance documents
  • Balloon loans
  • Revolving credit loans
  • Calculates monthly payment, APR, and effective rate

Real Estate Loans

 

These features include the same benefits from consumer loans, plus:

  • 30-day mortgage interest
  • Escrow accounting
  • Rescission can be set by number of days

ParaData currently has been installed in over 150 customers with more than 1000 locations in 44 states and Mexico. These verticals and industries include:

  • Small consumer loans
  • Large public consumer and automobile finance companies
  • Mortgage loan and broker companies
  • Automobile dealerships with their own finance companies
  • Mobile home finance companies
  • Commercial finance

Contact us today for more information.