Loan-Modules
Loan Modules
Our optional modules enhance your Loan Manager platform to accomplish your specific reporting and accounting needs. We offer a wide-variety of modules that integrate with Loan Manager and eliminate the reliance on cumbersome spreadsheets and deficient systems, which are difficult to develop and are prone to inaccuracies. By adding these modules, you can create a unique end-to-end business lending platform for a customized and complete prospect to payoff solution. These modules include:
As-Billed/Mortgage Loan Module
FASB 166 Regulatory Loan Sale Accounting
Automates loan sale accounting processes
Calculates and reallocates loan premium and amortization to the lender’s general ledger. These transactions are then accurately represented in the daily activity report to reflect the respective entries.
Multiple Bank Module
Manages multi-portfolio lending models
Services loans across multiple portfolios or lending Institutions. Enables each lender to be reported independently and provides separate participation settlement reports (1502) for each portfolio.
Multiple Participant Accounting
Reports on non-SBA secondary market sales
Creates investor remittance reports for lender’s selling to participants not serviced by Colson Services Corporation.
Metro 2 Interface
Fulfills Credit Bureau reporting requirements
Deploys monthly electronic submission of loan data to the major credit reporting agencies including Equifax, Experian, Innovis and TransUnion.
Interest/Commission Strip Module
Servicing and commission fee management
Calculates and strips servicing and commission fees from lender’s selected income account(s) based on payment activity.
Escrow Module
Comprehensive escrow processing and accounting
Tracks, calculates and analyzes escrow payments, billings, collection, interest accrual and refund amounts. Eliminates the need to manually track and pay various tax authorities and insurance agencies.
LSP/CUSO Module
Manages multi-portfolio lending models
Services loans across multiple portfolios or lending institutions. Enables each lender to be reported independently and provides separate participation settlement reports (1502) for each portfolio.
General Ledger (G/L) Interface
Creates a daily transaction interface to lender’s general ledger system
Captures all money and accrual transactions, then accurately and seamlessly transfers entries to the core accounting system. Eliminates manual posting of transactions via “tickets” or individual online entries.
ACH Interface
Enables funds to be drawn from the borrowers’ deposit accounts
Automates payment postings including external financial institutions, then transmits NACHA file to the Federal Reserve or to the lenders’ correspondent bank. Eliminates the need for you to manually update payment amounts in the ACH system.
Customer Information File (CIF) Interface
Customer information file accessibility
Extends key customer information from Loan Manager to lender’s core system, providing detailed loan information to branch offices.
BIC Export
Comprehensive data for analytics and warehousing
Loan Manager data (CIF, loan, participant, Loan/CIF) is assembled for downstream reporting and warehousing.
