All Categories > LMS UI > Loans Tab > Loan Setup
3 articles by 2 authors
Articles that have to do with loan curtailment options within LoanPro.
2 articles by 1 author
Introduction. The Account Setup area of a loan contains the inputs and functions that let you define what the loan is, including things like length of the loan, payment schedule, interest rate, etc.…
Updated 1 week ago by Cole
General. Due to the complexity of the LoanPro system, there may be similar terminology that is applied to very different concepts. One particular circumstance that may cause confusion is the differen…
Updated 9 months ago by Cole
General. In LoanPro, loans have both an activated and a non-activated state. When you first create a loan, by default it isn’t activated. This means that the loan numbers aren’t being updated daily,…
This article will go over the additional information tab in account setup. While this tab is available in any type of loan, most of the options (like GAP Insurance and Dealer Profit) relate to automo…
Updated 3 weeks ago by Megan Hill
Introduction. The Advanced Configuration section of the Setup Terms tab inside of each loan lets you select important settings for your loan. These settings control things like interest accrual, acco…
Updated 1 week ago by Sloan
General. When a loan is closed, you can choose to archive it. It is intended that you will archive loans only after you decide that they will no longer be serviced. LoanPro’s back-end processes don’t…
This article is on the new Enhanced Funding tool that was added with LoanPro's latest release. For info on the old process, see our article Fund a Loan. When you set up a loan, one of the most import…
Updated 2 weeks ago by Jackson Stone
This article is about the original funding tool that was in place before LoanPro's latest release. This release added the Enhanced Funding tool, which adds functionality with source companies and imp…
Updated 1 month ago by Jackson Stone
General. Entering the terms of a loan correctly is important. LoanPro has a lot of features that can make this job easier. This article will cover entering loan terms into LoanPro and each loan term…
Updated 1 month ago by Cole
General. There are several loan types, most of which fall into the available categories offered by LoanPro. They are: Credit Limit, Flooring, Installment, and Lease. This article gives a description…
Updated 2 months ago by Cole
General. For some companies, each loan given is pretty much the same, or there is a small number of loan scenarios that the company offers. For these circumstances, LoanPro gives you the ability to c…
General. The Setup Terms area of the Account Setup tab is the place to go to enter the terms of a loan and to configure how it will accrue interest, calculate escrow, and generally define what the lo…
Updated 6 months ago by Sloan
What are Setup Tools? This article will explain what setup tools are and what they each do. Within Account Setup , there are several tools that change the way loans behave after they have been set up…
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Updated 2 months ago
by Cole
