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Moneylender Professional - Loan Servicing Software Download Moneylender and try it as a demo to test it out with some of your actual loans Lenders are servicing billions of dollars, euros and pounds across more than one hundred thousand loans with the Moneylender Professional software
Moneylender 3 Users Guide Perhaps the best way to get familiar with Moneylender 3 is to watch the Intro to Moneylender 3 Video This video will walk you through creating a portfolio, setting up a couple loans, recording payments, printing statements and running reports
In-House Retail Financing Loan Software - Moneylender Whether you sell furniture, cars, aircraft, musical instruments, heavy equipment, land, buildings, jewelry - just about everything under the sun – Moneylender in house and retail financing loan software is a powerful, easy-to-use system that makes it painless to manage all those payment plans
How to Set up a Loan with a Balloon Payment If your loan will be amortized over X years with a balloon in Y, it’s easy to set up in Moneylender by following these steps If you already created the loan, look a little further down the page for how to adjust the payment settings to amortize and then balloon
Form 1098 Borrower Selection - Users Guide - Moneylender Professional . . . Moneylender will display a list of all loans with payments during the tax year Using the controls on this window, you can adjust who should receive a 1098 form By default, Moneylender will exclude loans with reportable amount below the requirements for filing a form 1098
Moneylender 3 Users Guide Moneylender 3 has a sophisticated calculation engine that can properly apply under- and over-payments in most situations If only a partial payment is made, Moneylender will credit the loan, but will not advance the due date until the full amount due is received
Closing a Loan When a Loan Matures - Moneylender Closing a loan tells Moneylender that all the numbers on a loan are final, and the loan does not require any future servicing When a loan is closed, the balance, amount due, and other values are irrelevant and are displayed as dashes in windows and on reports
The Third Party Fee Record By default, Moneylender selects the next future payment due date Thus, selecting the default date applies the fees to the next six monthly payments If there is an account number associated with these fees, enter it in the Account Number field Click Apply Fee to create the pro rated records