Flagstaff, AZ (PRWEB) May 25, 2006 -–
Late April 2006 a new product hit the market that makes servicing loans in-house and affordable alternative for small and medium business. Moneylender Professional 2.0 from TrailsWeb LLC offers the features of major loan servicing applications at a fraction of the price. While most professional software suites range in the one to twelve thousand dollar range for the least expensive setup, Moneylender Professional has been developed to sharply undercut the market at just under two hundred dollars ($US) per license.
Many of the private lenders of the world have relied on Excel spreadsheets and manual calculations to manage their loans, shying away from a ten thousand dollar software investment which may also require annual renewal fees. With these organizations in mind TrailsWeb created Moneylender Professional 2.0 - the third loan servicing title to date and a “great leap forward” in features and design. For a minimal investment of about two hundred dollars per license, and no recurring fees, lenders large and small can replace time consuming and error prone manual calculations with a full suite of servicing tools.
Small and medium lenders using Moneylender will have tools to ensure their investments produce returns. From portfolio-wide reports detailing the balances, income, and account related fees, to scrutinizing loans on a per-payment or per-cycle level, lenders can instantly get the information they need to handle every loan and the entire business. Its simple interface makes handling loans efficient and easy to learn.
Businesses that need more than one person to interact with their portfolio can deploy Moneylender across a network simply by buying a license for each computer. With a single click, the data in a portfolio is made available to other users on the network running Moneylender Professional. Permissions can be set on a per-user basis to allow certain users access to otherwise privileged information. Concurrent editing across a network is safely controlled by Moneylender.
The interest calculator at the heart of the program is as flexible as it is functional. Moneylender has a broad international audience and must be capable of the loan structures found across the globe. U.S. lenders have the luxury of all the default settings in Moneylender, but international lenders who are frequently overlooked by loan servicing software vendors can set up their loans with one or two extra clicks. Escrow fees like property tax and insurance, as well as other fees like NSF charges can easily be applied or pro-rated against a loan.
If a business has special requirements for notices that need to be sent to borrowers, the new template designer allows them to modify a default statement or letter, or create one from scratch. A complete interface for creating, designing, editing, and even sharing templates has been built to allow every lender to create a professional yet completely custom image.
Lenders that submit their data to credit bureaus can take advantage of Moneylender’s Metro2 reporting capabilities.
More information about Moneylender Professional 2.0, a downloadable demo, and purchasing options are available at http://www.moneylenderprofessional.com - any questions about the program may be directed to 877-7-TRAILS (toll free).