Financing Module
The SureCommand Financing Module is a lending management system that is designed to manage loans and payment collection. It also provides features and functions that help to manage documents and data storage.
Financing Department
The SureCommand Financing Module can help your organization rapidly scale with the help of customizable loan application wizards, and automated approval processes. It can reduce overhead costs with automated workflows and self-serve customer account access.
Loan Administrator can create a loan profile by selecting the loan type like term loans, non-revolving, commitment and pool loans and be able to select options like multiple loan rates, including fixed, variable, step-rate, credit lines, multi-draw, and Adjustable-Rate Mortgage for each loan.
Loan Administrators can choose from options like applying simple interest to loans, fixed amortized rate, or variable amortized rate. They can set the loan to accrue on the first day, or the last, or both. They can also set a base rate for the loan, compound interest based on days, number of periods and set minimum interest rate, a post-maturity rate, and a default interest rate.
Loan Administrators can choose payment periods like daily, weekly, bi-weekly, semi-monthly, 28 days, monthly, bi-monthly, quarterly, semi-annually, annually, and maturity within the loan profile settings option.
Loan Administrators can define the payment application waterfall and customer rules to control thresholds and payoffs. Features include automated Late Fee application, and NSF processing - automatic removal on effective dated payments or addition on reversals and NSF.
Improve your organizations collection rate by giving borrowers access to tools that improve the function and visibility that they need to better manage their accounts. The customer portal improves service and enables borrowers to be more interactive with your organization.
