Servicing Software for CDFI Lenders

CDFI Loan Servicing Software

For over twenty years we have worked with some of the largest state and municipal organizations focusing on multi-family and economic development loans. Working together with the Community Investment Impact System (CIIS) we have expanded our loan servicing software to become compliant with the necessary requirements. We realize flexibility is huge when it comes to CDFI loan servicing, and our system goes well beyond the required CDFI fields with user-defined fields and into more complex loan needs such as as participation, multi-escrow, multi-family, construction, and other loans with extensive processing requirements.

A Few Features

  • Multi-company and multi-division support for handling portfolios beyond just CDFI loan types.
  • Application tracking, with an automated link to loan servicing at closing.
  • Automatic implementation of loan changes such as from fixed to variable rate.
  • User-defined loan templates that automatically pre-fill selected fields for new loans.
  • Contact management with user-defined contact types for the people and organizations associated with your loan portfolio.
  • Flexible ARM and VRM processing.
  • Billing, with user-defined invoices.
  • Manual and automated principal disbursements.
  • Cash and non-cash financial transactions , payoffs, and reversals.
  • Extensive change audit control that tracks what changes were made, by whom, and when.
  • Project tracking support, including summarized billing and loan aging.
  • Automated late charge processing.
  • Loan restructuring support that includes the automated deferral or capitalization of interest.
  • Insurance, tax, escrow processing, with unlimited, user-defined escrow balances per loan.
  • Collateral tracking for an unlimited number of collateral types.
  • Asset management with financial statement, rent roll and construction tracking.
  • Automated, user-defined interfaces for ACH, general ledger, and lockbox processing.
  • Month-end tracking of key loan status information for historical reporting.
  • Earned income reporting.
  • Risk management with automated, user-defined loan ratings and collections support.
  • Loan sales and transfer support, with unlimited investors per loan, and multi-level reporting.
  • Portfolio analysis and reporting, including accounting, regulatory, and investor reports.
  • Automated workflow management support, with user-defined action queues and letters.
  • Document and image management, with the ability to track photos, documents, and URLs.

Visit our LOANS! For .Net system page for more information about our commercial loan servicing software.