Logging Payments

Published June 14th, 2022 by Brinley Bushman

Complexity:       Audience: Loan Servicer or Collector, Upper Management, Developers, Loan Servicing/Collections Managers     Introduction As borrowers make payments on their loans, it is essential that the funds are processed and tracked. LoanPro provides a place for lenders to track payments that they have processed, cash that they have received,

Intro to Write-Offs

Published June 14th, 2022 by Brinley Bushman

Complexity:        Audience: Loan Servicer or Collector, Upper Management, Loan Servicing/Collections Managers, Administrator, Compliance Introduction Sometimes lenders have to write off an account. There are many different reasons lenders apply a write-off (also called 'write-off' or 'write-down') and it is an important part of lending. This articl