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General. LoanPro gives you the option to configure automatic late fees for your company. These are fees that are automatically assessed on your accounts once the grace periods on the accounts have pa…
Updated 3 months ago by Cole
General. There are many times you can charge a fee, but the change due date charge is a fee you will be prompted to add any time you change a due date. This is a convenience item that lets you define…
Updated 6 months ago by Cole
General. LoanPro lets you create a list of charge types to better organize and search for charges. Charge type is selected when you log a charge inside the system (inside a loan, Charges > Types.) Th…
Updated 5 months ago by Cole
General. Charges, or fees, inside LoanPro are amounts assessed on a loan or lease outside the repayment schedule. Charges can be assessed in many ways, some of which are designed for specific purpose…
Updated 1 year ago by Cole
General. At times, you may want to export the charges on a loan so you can run further analysis of the numbers in Excel or easily show the customer the charges that have been assessed. While there ar…
Updated 4 hours ago by Sloan
General. Fees paid by is a selection that will let you choose how payments apply to fees on a loan. This selection is made in the Advanced Configuration section of Setup Terms. Date. If you select Da…
Updated 4 months ago by Sloan
General. In LoanPro, you have the ability to enroll loans for late fee assessment based on the loan status. For example, if a loan is repossessed or closed out in another way, you may not want late f…
General. Your company may add additional charges to customer accounts for any number of reasons. This article goes over logging a charge on an account. This article will not cover automatic late fees…
Updated 3 months ago by Sloan
General. LoanPro specifically offers automatic late fees that will get logged on your customer accounts if the customer doesn’t make a payment before the grace period expires. Recurring charges let y…
General. At LoanPro, we strive to keep an audit trail inside our software so you can always have as much information as possible including the who, what, and when of your loan changes. This being the…
General. Convenience fees are optional fees that can be charged to borrowers for the convenience of paying with a credit/debit card or eCheck online. It is not legal to charge your customers for the…
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Updated 4 hours ago
by Sloan
