Almost everything in Moneylender is configurable. If you see a feature listed, it is usually an option to choose, or something you can turn on or off on a per-loan or per-portfolio basis.
This list touches on most of the commonly used capabilities of Moneylender. It is an extremely flexible and configurable calculation engine wrapped with a comprehensive array of servicing functions to give you accurate accounting and easy loan management.
Moneylender loan servicing software is easy to get started, intuitive to use, and has embedded links to the User’s Guide throughout the application to make it easy to access help when you need specifics about how something works.
| Feature | Support |
|---|---|
| Max Loans Supported | Unlimited |
| Max Lenders Supported | Unlimited |
| Max Borrowers Supported | Unlimited |
| Max Payments | Unlimited |
| Strong Data Encryption | |
| Amortized Loans | |
| Seller Financing | |
| Interest Only Loans | |
| Construction Loans | |
| Leases | |
| Lines of Credit | |
| Cash / Payday Loans | |
| Informal / Friendly Loans | |
| Balloon Loans | |
| Full Escrow Support | |
| Multiple Users Working in the Same Portfolio (Network Connectivity) | |
| Connect Programmatically Through the API | |
| Late Fees - Fixed | |
| Late Fees - Percent of Payment | |
| Late Fees - Incremental | |
| Late Fees - Daily | |
| Late Fees - Daily (no weekends) | |
| Manage Underpayment | |
| Handle Overpayment | |
| Allow Overpayment Carry Forward | |
| Principal Pay-Down | |
| Interest Only Payment | |
| Prepaid Interest and Fees | |
| Escrow Deposits | |
| Multiple Disbursements per Loan | |
| Simple Interest (principal earns interest) | |
| Compound Interest (outstanding principal, interest and fees earn interest) | |
| Interest - Annual Rate | |
| Interest - Fixed Amount | |
| Interest - Percent of Original Loan | |
| Interest - Percent of Outstanding Principal | |
| Daily Interest (1/365, 1/360, 1/366, 1/365.25, 1/336) optimized and standard daily modes supported | |
| Change Interest Rate Mid-Loan | |
| Change Interest Schedule Mid-Loan | |
| Fixed Regular Payment Amount | |
| Interest Due Regular Payment | |
| Interest plus Fixed Amount Regular Payment | |
| Minimum Regular Payment | |
| Change Regular Payment Mid-Loan | |
| Change Payment Schedule or Due Date Mid-Loan | |
| Credit Limit | |
| Available Credit | |
| Metro2 Reports (for submitting to Credit Bureaus) | |
| Points | |
| Enter any Account Number | |
| Highly Configurable Automatic Account Numbering | |
| Add Notes to Loan | |
| Schedule Reminders on Loans | |
| Attach Files to Loans | |
| Track Loan-Related Expenses | |
| Create Loan Applications | |
| Approve/Deny Applications | |
| Automatic File Backups | |
| Print Statements | |
| Email Statements | |
| Modify Statements | |
| Create and Customize Regular Statements | |
| Create and Customize Letters and Notices | |
| Create and Customize Payment Voucher Booklets | |
| Create and Customize Payoff Quotes | |
| Create and Customize Loan Contracts | |
| Create and Customize Truth in Lending Disclosures | |
| APR Calculation using the Actuarial Method (identical results to WinAPR) | |
| Create and Customize Printable Checks | |
| Create and Customize Escrow Analysis Letters | |
| Create and Customize Report Headers | |
| Add Logos/Images to Statements | |
| Customize the Per-Loan Information Displayed in the Main Window | |
| Import Borrowers from Excel | |
| Import Payments from Excel | |
| Import Loans from Excel | |
| Auto-Generate Payment History on a Loan | |
| Auto-Add Payments to Multiple Loans | |
| Auto-Extend Loans beyond Maturity | |
| Wraparound Loans - Match Principal Pay-Down | |
| Wraparound Loans - Forward All Principal | |
| Wraparound Loans - Match Due Date | |
| Nested Wraparound Loans | |
| Add Custom Fields to Loans, Lenders and Borrowers | |
| Rule of 78s | |
| Daily Interest with Nautral Days | |
| Daily Interest with Forced 30 Day Months | |
| Multiple Principal Disbursals | |
| Manually Adjust Any Balance at Any Time | |
| Retroactively Edit Loan Information at Any Time- no need to roll back and re-create, ever. | |
| One-Time Fees | |
| Recurring Fees | |
| Fees Due at Payoff | |
| Schedule of Fees for Quick Reference and Application | |
| Waive Late Fees | |
| Defer Skipped Payments | |
| Multiple Borrowers per Loan (unlimited borrowers on a loan, up to four can be listed separately on Statements) | |
| Commercial and Individual Borrowers | |
| Unlimited Lender Investors Per-Loan | |
| Non-Owner Servcing Lender | |
| Partial Ownership | |
| Discount Earned | |
| Discount Remaining | |
| Automatically Waiving Late Fees If at Least a Regular Payment Is Paid | |
| Automatically Waive Late Fees If Unpaid Amount is Small | |
| Automatically Waive Late Fee If Unpaid Amount Is below a Specific Number | |
| Auto-Attach Copies of Statements and Notices to Loans When Printed | |
| Configurable Default Settings for New Loans | |
| Choose Preferred New Loan Type | |
| Prefer Commercial Borrowers or Individual Borrwers in Portfolio | |
| Change Currency Decimal Places | |
| Change Currency Symbol | |
| Multi-Character Currencies Supported | |
| Change Interest Rate Decimal Places | |
| Loan Nearing Maturity Notice | |
| Adjustable Amount Due Look-Ahead Period | |
| Payoff Calculator | |
| Payoff Quotes | |
| Refinance Calculator | |
| Approve/Deny Applications | |
| Revert Loan to Application | |
| Close Loans with Automatic Balancing | |
| Principal Charge-Off | |
| Re-Open Closed Loans | |
| Fully Customizable Reports | |
| Export Report to Excel Compatible Formt (CSV) | |
| Print Reports | |
| Copy/Paste Data From Report Preview to Spreadsheet | |
| Single Loan-Account Transaction Level Reports | |
| Single Loan Payment Reports | |
| Multi-Loan Financial Reports | |
| Multi-Loan Payment Reports | |
| Multi-Loan Single-Investor Reports | |
| Amortization Schedules | |
| All Loan, Lender and Borrower Details in Moneylender Can be Added to Reports | |
| Multiple Variable Rate Indexes | |
| Archive Closed Loans to an Archive Portfolio | |
| Auto-Close Multiple Loans | |
| Report Filters | |
| Supports US and Metric Paper Sizes | |
| Password Protect a Portfolio | |
| Set Permissions for Different Portfolio Users | |
| Escrow Balance Tracking | |
| Escrow Analysis (RESPA Compliant) | |
| Adjust Per-Payment Escrow Amount | |
| Escrow Payment Due Notice | |
| AutoPay ACH Payment Service Integration |