The Insite Banking loan modules efficiently handles Installment, Commercial, Student, Real Estate, Home Equity and Participation Loans.
- Works with master note and individual note concept.
- Includes multiple repayment plans: single payment, full payment, scheduled principle and/or interest, amortized.
- Allows multiple interest methods.
- Performs insurance premium tracking for rebating.
- Handles variable rate loans and payment recalculating.
- Stores Collateral Information in each loan record.
- Provides delinquency tracking: late charges, notices, and aged delinquencies.
- Creates payment, maturity and past due notices.
- Prints amortization schedule in Loan Calculator.
- Handles multiple interest methods in Loan Calculator.
- Creates Loan History Ledgers for any period.
- Performs full accrual accounting.
- Provides flexible management/exception reporting.
- Handles loan advances to cover overdrafts.
- Loan tickler tracking.
- Loans notepad tied to individual loans or customers.
- Ability to payoff loan with single transaction code even with insurance rebates, late charges, and escrow balances.
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