Audience
Loan Servicing solution for companies
About Twenty-First Century Loan Servicing
SERVICE SYSTEM - new Loan Software for windows graphical point and click system with functions for interest accrual based on fixed and variable rates, customer statements and payment processing, aged receivables, delinquency reporting and customer notification, notes/comments with followup triggers collection reports and inquiry display, complete loan account history from origination through payoff, payoff worksheet calculations with prepayment penalty options, late charge assessment and payment reversals,1098 tax forms, investor tracking with distribution payments and 1099 tax forms. Interfaces to loan origination, general ledger system, excel spreadsheet, report writers and custom programs. Credit Bureau reporting in standard metro2 format. ACH interface for automatic payment deposits. Customized professional looking color forms with the company logo, remittance address and phone number.
Other Popular Alternatives & Related Software
Moneylender Professional
Loan servicing software to track the balance and payments on virtually any type of loan or lease. Easily manage hundreds or thousands of loans generating customizable statements, reports. Borrower online access and electronic payment (US banks only) using our AutoPay system. Very affordable. Download Moneylender - it will run as a Demo until you purchase it, so you can test it out with your loans.
Email and phone support, support forums, integrated User's Guide. We're here to help you make the most of what Moneylender can do.
Learn more
LoanAssistant
LoanAssistant is a powerful and versatile loan amortization software developed by a dedicated team of successful accountants, software developers, and bankers. The solution is the only loan servicing add-on for QuickBooks that enables users to seamlessly manage multiple loans and credit lines. With Loan Assistant, loan data easily shows up to QuickBooks without double entry. The loan management feature of LoanAssistant covers various segments of the lending industry such as residential and commercial mortgages, education loans, motor finance, construction loans, installment sales and others. Our sophisticated Investor Participation module simplifies managing external/internal loan investments tracking/accounting, processing, and reporting.
Accrual Accounting option available. Stand-alone option available. Borrower side servicing available.
No limit/additional charges on number of loans/accounts/transactions/borrowers/lenders. No additional hardware required. Annual subscription.
Learn more
Megasys Omega
Megasys is the leader in complete loan management systems for the consumer finance industry for over 40 years. We provide customizable software platforms for finance companies of every size, from startup businesses to major corporations. Our clients service 3 million active accounts and processed over 2 million applications, with $9 billion in transactions. Omega is a browser-based solution that streamlines account servicing operations. Our total solution includes loan origination, loan servicing, collections, reporting, and document storage. Omega includes our own integrated and intuitive General Ledger and Accounts Payable systems with drill–down capability, making Omega the most complete package available for a consumer finance company.
Learn more
PCFS Solutions Loan Manager
Loan Manger is a powerful servicing, reporting, and remittances solution that handles the entire loan process – from boarding to payoff. This robust application increases loan servicing efficiencies by streamlining data entry and loan accounting calculations. Loan Manager eliminates the reliance on cumbersome spreadsheets and deficient systems, which are difficult to develop and prone to inaccuracies. One of Loan Manager’s strengths is its loan accounting capabilities, which include participations, tracking good faith deposits, non-accrual, charge-off shadow accounting and REO. The application can also seamlessly backdate and automatically recalculate subsequent transition activity. Another significant feature is Loan Manger’s ability to provide real-time reports when posting any monetary transaction, so you can have immediate and reliable information at your fingertips without having to wait on long processing times.
Learn more
Integrations
No integrations listed.
Company Information
Twenty-First Century
United States
www.21stcenturycompany.com
Videos and Screen Captures
Other Useful Business Software
MongoDB Atlas runs apps anywhere
MongoDB Atlas gives you the freedom to build and run modern applications anywhere—across AWS, Azure, and Google Cloud. With global availability in over 115 regions, Atlas lets you deploy close to your users, meet compliance needs, and scale with confidence across any geography.
Product Details
Platforms Supported
Windows
Mac
Training
Documentation
Support
Online
Twenty-First Century Loan Servicing Frequently Asked Questions
Twenty-First Century Loan Servicing Product Features
Loan Servicing
Auto Loans
Business Loans
Construction Loans
Customer Database
Investor Management
Loan Processing
Student Loans
Accounting Management
Amortization Schedule
Application Management
Automatic Funds Distribution
Collateral Tracking
Collections Management
Compliance Management
Fee Management
