Will Your Loan Servicing Software Provide Support During Recession?
If the economy sours, you're likely to experience accelerated delinquencies and charge offs. Management will want solutions. You may be forced to layoff some staff. More than ever, you will have to rely on your loan management system to insulate you from irretrievable income losses.
Can your current system provide the vital support you will need? If "holes" already exist in your system, how much larger will they become with increased delinquencies and staff reductions?
LOANLEDGER is a sophisticated PC-based loan management system. Used by well over 1,000 financial lending institutions worldwide, including nearly half of the Fortune 100 companies, to manage their loan portfolios. It puts them in control, helping eliminate errors that could generate lost revenue.
LOANLEDGER when integrated with COLLECTOR, will recognize delinquent loans and first payment defaults and red flag them before they become unrecoverable losses. It reacts promptly to interest rate shifts, averting cash flow drains because of interest miscalculations or inexact principal reductions. It "goof-proofs" your customer-contact people and helps plug the gaps during layoffs.
The experience and reliability of the manufacturer is an important consideration in choosing loan servicing software. LOANLEDGER is the creation of Dynamic Interface Systems Corporation (DISC), the world's largest supplier of PC-based loan servicing software.
DISC offers helpful phone support to you and your staff during working hours. LOANLEDGER has a history of frequent upgrades and new releases, incorporating the recent and significant changes affecting the lending industry. LOANLEDGER is modular, so it can expand to accommodate new products. It will generate agings, detailed customer histories, past due notices at specified intervals, transaction reports and account ledgers.
LOANLEDGER will help "recession-proof" your loan portfolio. It will give you an accurate overview that puts you in control of your portfolio and of your board and shareholders' responsibilities.
You may have thought about upgrading your loan servicing system, but, absent any significant losses, decided to delay for another year. When your portfolio is performing profitably and losses can be absorbed, it's easy to overlook the inevitable downturn until you are faced with a genuine crisis. But the average time for implementing a system upgrade is sixty days, which means you must get started today if you expect to upgrade your system by the middle of the year.
We are Dynamic Interface Systems Corporation (DISC), the dedicated people behind LOANLEDGER, and we want to help put you in command of your loan portfolio. Call us for a free demonstration and to discover for yourself why we are the world leader in microcomputer loan servicing software.
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