We needed something accurate first and foremost -- a system that was efficient and a system that was flexible with loans after closing.
Amortized payments, simple interest, interest-only, percentage and fixed-principal reductions, interest-only beginning periods, step payments, and custom payment schedules.
Handles fixed, variable, compound, step-by-amount, step-by-days, post-maturity, default rates, deferred, and payment-in-kind (PIK) interest.
In addition to term loans, track large projects via commitments/tranches, revolving and non-revolving lines of credit. Also, track interest reserves and other reserves.
Modify loan terms, change due dates, alter payment frequencies, and defer payments - all without a loan restructure.
Leverage the NLS API to create modern architecture systems. Use it to integrate into any 3rd party applications.
Keep your data secure with a combination of strong security architecture including data encryption at rest and only using secure connections (TLS 1.2/https) and software features like role-based authorization and strong audit trails.
Keep comments and documents about loans, borrowers, and collateral in one place.
Manage your borrowers, co-borrowers, investors, vendors, and other relationships.
Manage grants, investors, and bank loans.
Track multiple pieces and types of collateral, including expiration and renewal dates.
Automate and make processes quicker by leveraging workflows, scripting, and our open API for 3rd party integrations.
Plug-into your loan origination system and avoid double data entry.