Detailed Description of LoanShark 6.5

If you are holding a mortgage note on real estate or a loan on personal property such as new or used cars, mobile homes or any other items, you need our LoanShark mortgage management, loan servicing and amortization software to manage, record and document your incoming loan payments.

Whether you are a real estate mortgage lender, investor, mortgage note buyer, real estate note buyer, collection agent or private lender with one or more loan accounts, this mortgage and loan amortization software will keep track of all types of repayment methods such as monthly, biweekly, weekly payments.

LoanShark can also calculate and maintain payment records of interest only mortgage loans that have a fixed (such as monthly) payment schedule, as well as interest only mortgage loans where payments are random or without a fixed time of payment.

LoanShark features:


* Provision for escrow collection and disbursement of taxes and/or insurance.

* Post multiple receipts for the same payment period. Automatically computes principal, interest, remaining balance and late payment penalty (if any). Preset penalty values by fixed amount, percentage of loan balance or daily interest rate.

* Obtain payoff amounts including per-diem interest for a specified date.

* View and print payment history for any given timeframe. Total or yearly summary reports of principal and interest received. Print automatic late-payment notices.

* Create loan payment coupons and end-of-year statements to send to borrowers, print envelopes or letters on plain paper or your letterhead.

* Attach notes or remarks pertaining to specific loan payment periods.

* Store, display and print multiple images of the property and/or related documents.

* Includes financial calculator, printable loan amortization schedule creator, time value of money - future value / present value calculations and more......

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