car loan software - auto dealership loan management software - in-house financing software for car dealerships

Car Dealerships and Auto Loans with Moneylender

Many dealerships that do their own financing use Moneylender Professional to track their loans. Moneylender’s powerful, easy-to-use system can help set up the new loans, and gives you everything you need to manage the debts. Easily tell when a borrower is current, due, and delinquent. Give payoff quotes. Track loans you sell to investors – partial shares or entire loans.

Moneylender automates all the calculations on your loans for you, including effortlessly handling extra payments and providing payoff quotes. If a borrower gets behind, their loan is highlighted in the main window with different colors depending on how far behind they are. Record their payments, whatever the amount is, and Moneylender knows how to apply the payment and how current the loan is as a result. It is a truly automatic calculation system. If you want to override the rules for any reason, like waiving some interest or fees to help a borrower out, for example, you can adjust any balance on the loan at any point in time.

Export loans to give to your investors, but keep them all in one file for yourself. If you sell the paper to investors, but continue to service the loans yourself, you can export batches of loans to separate portfolios to send to your investors while maintaining the convenience of managing all the loans together. Moneylender supports having the borrower interact with one lender (you) while the funds are attributed, in whole or in part, to one or more other lenders. You can run reports that show the independent totals for each investor that owns some of the debt in your portfolio.

Moneylender supports fields like collateral for a description of the asset that’s securing the loan. It also supports adding custom fields like VIN and insurance carrier/policy number. You can even put these custom fields on the main window, onto statements, or onto reports if you want.

Moneylender also has all the tools you need to collect on your loans.

  • Record notes on each loan,
  • set up reminders,
  • attach documents to a loan,
  • send statements, late fee notices, and payment voucher books.

Download Moneylender and run it as a demo.

Purchase Moneylender and get started immediately.

Call or email with your questions.

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Loan Servicing Software / Manage Your Loans with Moneylender Professional