Legacy loans is a flexible and powerful loan management system that caters to both mortgages and regular loans and is suitable for use by many types of organizations. It is capable of managing portfolios with over 500,000 loans and offers a broad range of processing support that includes the following features:

• Multi-portfolio support.
• Easy, on-line access to all loan information.
• The automatic implementation of pending loan changes such as interest rate changes.
• On-line or batch entry of cash, non-cash and non-loan financial transactions.
• On-line entry of transaction reversals.
• Support for multiple principal disbursements
• The automatic calculation of late charges for delinquent loans.
• Loan restructuring support that includes the capitalization of interest.
• Insurance policy and tax processing.
• Earned income projections.
• Reporting by portfolio
• On-line history records at the loan level.
• Early payoff
• Direct debit & standing order payments processing.
• Form letter generation.
• Write off loans.
• Group payment processing.
• Detailed breakdown of all transaction applications.
• Capital payments.
• Further charges.
•  Manual adjustments.
• Up to 5 borrowers per loan
• Fixed or variable interest rates.
• Separate property & postal addresses.
• Daily cashier’s balance report.
• Speed buttons for frequently used functions.
• All reports printed to the screen or printer.
• Detailed loan reporting.
• Flexible user security.
• User friendly
• Account aging.
• Prints statements.
• Accumulates YTD totals for fiscal & calendar years.
• Form letter generation.