Loan Management Made Simple for QuickBooks®
Welcome to Loan Assistant, one of the most powerful pieces of Loan Amortization software on the market
So, what is Loan Assistant?
Loan Assistant is easy to use, easy to understand, and will aid you with all of your lending needs.
Loan Assistant™ is an incredibly powerful and versatile loan amortization software. Painstakingly developed by a dedicated team of successful bankers, accountants, and software developers, Loan Assistant™ services your every need. It is the only loan servicing add-on for QuickBooks® that allows you to efficiently manage multiple loans and credit lines. With Loan Assistant™, your loan data will show up in QuickBooks® without double entry. Gone are the days of having to spend hours entering data manually. Because of the seamless integration with QuickBooks®, Loan Assistant™ gives you the power to service and track all your loans in one easy-to-use tool. Its built-in features provide full servicing, comprehensive reporting, 1098 form filing, and tax filing, making Loan Assistant™ the ideal choice for QuickBooks® users in the lending industry.
What are some of Loan Assistant’s Features?
Allows for an unlimited number of loans. Supports both revolving and non-revolving credit lines. Covers most segments of the lending industry:
- Residential and Commercial Mortgages,
- Construction Loans,
- Motor Finance,
- Education Loans,
- Installment Sales and others.
Seamless Quickbooks ® Integration
Use the simple and intuitive account and loan setup using the QuickBooks® Wizards. Ability to connect a single Loan Assistant file to an unlimited number of QuickBooks® files. All transactions are posted instantaneously in QuickBooks®.
Create Microsoft Word format user-generated reports that are easy to print or send to clients. These reports include:
- Amortization Tables and Payment Coupons
- Billing Statements
- Pay-Off Statements
- Borrower Account Statements
- Payment Summary Reports
- Escrow Collection Reports
- Late Accounts Summaries
- Portfolio Summaries
- IRS 1098 1096 Reports
Flexible Loan Servicing Support
Assignment of multiple borrowers and guarantors to a single loan Escrow module for third party payments such as taxes, insurance, etc. and related collection and payments report.
Interest Calculation Options
Options include self-amortized, balloon and interest-only loans Interest calculation based on Actual/365, Actual/360 and 30/365, 30/360 accrual methods Interest compounding with flexible settings.
Payment Processing Option
Late payment and pre-payment penalties are automatically calculated with a penalty waiver option available. User-defined frequency of payments and first payment date. Automatic split of loan payments based on loan settings.
Investor Tracking And Reporting
Tracking of investors’ certificates of deposits Participation pools with one or multiple investors.
Not only that, but we provide around the clock support, as well as many video tutorials to get you up and running.
Does this sound good to be true? Don’t take our word for it! Here’s what some of our customers have to say.
Jana, a director of retail technology says:
It has always been difficult to find software flexible enough to meet the requirements of our business. At a reasonable cost, Loan Assistant has accommodated the needs of our lending operations and, most importantly, provided ability to seamlessly integrate loan processing with QuickBooks®. We save time and money, and can now completely rely on our accounting records.
Ric Fox, President of Hammond Finance LLC says:
Not only is "Loan Assistant" precisely the software that I needed to manage my business, but also the support staff was extraordinarily patient with me. They were, and are, always readily available as I became comfortable using this new tool. I am using the software to manage a rather large portfolio of personal investments consisting of installment loans. Although I was generally familiar with QuickBooks®, loan management was new to me. The support staff stayed with me until I became proficient.
So, what do you need to get started?
To start using Loan Assistant, all you need is to have is a Windows PC with at least 1 GB of RAM, a 2.0 GHz processor, and 2.5 GB of storage space. Loan Assistant supports Windows 8, 7, Vista, and XP. This includes both 32 bit and 64 bit versions. In order enjoy all of the features of Loan Assistant, make sure you have Microsoft Office installed. Lastly, you’ll need to have Quickbooks installed.
If Loan Assistant sounds like the right product for you,