Servicing Software for Level Principal Loans
Declining Interest Loans Servicing
Superior customer service is the hallmark of competitive companies. In the financial services industry, taking care of customers requires more than prompt, professional service. You need to offer your customers products that meet their needs. LEVELER allows you to do just that.
With LEVELER you can offer your business customers level principal loans for simple interest or actuarial loans. The system anticipates changes, automatically adjusting periodic payments for principal reduction or short payments.
Accommodating your customers helps make them successful. And you too.
Software Features
- Handles payments for constant principal and declining interest loans
- Allows you to collect payments that adjust to the principal on simple interest and actuarial loans
- Automatically adjusts next billing to reflect correct interest and level principal due
- Works with FLEX-RATE and FLOATING-RATE to tie interest to a daily adjustable rate with floors and ceilings
- Calculates late charges varying payment schedules
- Produces amortization schedules that reflect breakdown of principal & interest for the full loan term
Experience a free, personalized loan servicing software demonstration over the Internet.