Add-On Modules

Adjustable Rate (AR) Module - $250

Allows you to adjust interest rates according to a periodic schedule

• Allows you to tag individual loans as AR loans (others will not be adjusted)
• Adjusts the interest rate for designated loans on a periodic basis (quarterly, annually, etc.)
• Performs rate adjustments for all AR loans in a single batch operation

Implements Prime Plus loan rates, provides two adjustment factors

• Common Base Rate factor (e.g., pegged to a published index such as the Prime Rate)
• Individual Plus Rate factor which may be set differently for each AR loan

Assistive Technology Module - $750

Stores specialized data for assistive technology clients

• Stores all the information you must report on your AFP clients in an integrated loan tracking system
• Eliminates the need to re-enter data in more than one database system

Conforms to the new reporting requirements for Telework and AFP. Allows you to:

• List devices financed, disabilities addressed, and financing obtained
• Conduct required follow-up surveys of assistive technology clients
• Produce summary reports displaying AT demographics

Capital Manager Module - $1,800

Tracks sources of capital

• Allows you to keep track of the organization's funding sources
• Tracks matching requirements for capital commitments from primary sources

Monitors the organization's repayment requirements

• Analyzes the organization's repayment requirements back to source
• Monitors the performance of the master loan account and participating loan funds

Tracks transfers between RLF and LLR accounts

• Tracks flow of funds within the Revolving Loan Fund (RLF) accounts and Loan Loss Reserve (LLR) accounts

Produces master balance and cash flow statements

• Monitors cash flow for each Revolving Loan Fund (RLF) and Loan Loss Reserve (LLR) account
• Analyzes fund available to lend
• Monitors funds committed but not yet lent

Analyzes earnings performance of the portfolio

• Helps analyze the spread between the organization's cost of funds and the earnings performance of the loan portfolio
• Tracks the generation of excess earnings that may be captured as program income

CDFI Reporting Module - $575
 

Reports electronically to the CDFI Fund through their CIIS system

• Stores information on all transaction-level data required by the new CDFI reporting requirements
• Conforms to specialized demographic categories outlined by CDFI manual

Transmits transaction-level data on all community loan fund accounts

• Complies with the CDFI's preferred reporting format (XML) for electronic reporting
• Uploads data directly to the CDFI website
• Prints reports summarizing data transmitted to the CDFI

Client Manager Module - $575

Documents the technical assistance (TA) you provide your clients

• Keeps track of the TA hours you provide
• Lets you enter full narrative descriptions of the TA task you perform for each client
• Helps you create TA work plans for each client

Helps you analyze your TA performance and plan for the future

• Produces summary reports by client, by staff, or by type of technical assistance
• Analyzes how much time you spend on each type of TA
• Monitors your technical assistance plans

 Credit Bureau Reporting Module - $675

Reports electronically to major credit bureaus

• Reports credit history of all your borrowers on a timely and regular basis
• Complies with Metro II file format (required by all national bureaus: Equifax, Experian, Innovis, TransUnion)
• Reviews the credit file in detail prior to submitting it to the bureaus

Helps your clients establish conventional credit

• Guides your clients into the economic mainstream by reporting on their performance in your lending program

Additional requirements

• Organizations may report through Credit Builders Alliance (CBA) which was set up to assist community lenders unless they are large enough to report independently to the credit bureaus.

Contact CBA for membership and service charges  www.creditbuildersalliance.org

 Custom Program Design and Data Conversion - call for quote

Custom design

• We offer custom design services to meet specialized needs not covered by our standard modules
• We can create customized fields, data entry forms, reports, etc.

Data conversion

• Moving from another database or in-house information system? Let us convert your existing data and import it into our DownHome Loan Manager system to make your transition flow smoothly.

 Escrow Module - $1,200

Integrates escrow requirements into loan repayment terms

• Lets you define escrow categories (such as taxes, insurance, management fees)
• Posts payments automatically to escrow reserve

Monitors escrow reserves and repayment obligations

• Monitors the escrow account balances for individual borrower accounts
• Analyzes escrow reserves by loan fund or entire portfolio

Fee-Based Loan Module - $250
 

Manage fee-based loans that do not charge interest

• tag loans that follow fee-based rather than interest-bearing terms
• follow Islamic banking no-interest (non-riba) lending practice

Assess periodic fixed fee

• loan terms screen provides field for periodic fixed fee
• fixed fee is automatically assessed with transaction postings

Produce billing statements that reflect fee-based schedule

• billing statement displays periodic fee charges rather than interest

Flexible Schedule Module - $500

Accommodates a variety of repayment schedules

• Handles monthly, semi-monthly, quarterly, semi-annual or annual repayment schedules
• Automatically calculates correct billing dates
• Allows you to choose between a simple (daily) interest formula or a fixed interest schedule
• Produces amortization schedules that follow the specified repayment terms

Line of Credit/Interest-Only Module - $200

Manage loans that require interest-only payments

• tag loans that follow an interest-only payment schedule
• accurately accrue daily interest for multiple disbursements

Adjust interest-only payment amounts

• run a batch processing routine to adjust interest-only payment amounts
• produce accurate billing statements
• choose whether to force over-amount payments to be applied fully to interest

Loan Loss Reserve Module - $225

Allows you to set different loan loss reserve requirements for each loan

• Lets you assign the percentage required for loan loss reserve according to the risk factors you establish for your portfolio

Monitors overall loan loss reserve requirements for the entire portfolio

• Monitors the reserve requirements for each loan fund and the portfolio as a whole
• Analyzes whether current loan loss reserves are sufficient to cover the risk factors

Office of Refugee Resettlement Reporting Module - $1,000

  Documents client enrollments and tracks technical assistance (TA) hours and outcomes

• Enrolls clients in multiple training programs
• Logs technical assistance activities and hours by program, staff, client and business
• Records business development and surveys
• Enters clients’ progress in meeting program goals
• Reports on program outcomes to ORR, MicroTest and others
• Instantly produces comprehensive demographic reports, assistance reports, and outcomes

Integrates with Loan Tracking

• Tracks ongoing loan performance
• Seamlessly integrates with all other DLM modules

Participation Module - $1,200

 Creates participation loans from multiple loan sources

• Allows you to disburse funds from multiple loan programs
• Lets you define separate terms for each participation loan
• Issues a single bill to the borrower that reflects the master participation loan

Tracks repayments to multiple funding sources

• Apportions repayments to each participating loan fund
• Monitors the performance of the master loan account and participating loan funds

Produce reports

• create transaction reports by subloan and by master participation loan

Pipeline Module - $450

Projected Earnings Module - $125

Calculates current interest accruals

• Shows accruals for each loan account
• Displays accruals by fund or for the portfolio as a whole

Forecasts future portfolio earnings

• Projects interest earnings, principal repayments and ending balance for any range of months
• Prints summary report or detailed amortization schedule
• Provides subtotals by loan fund and entire portfolio

QuickBooks Interface - $725

Exports DLM data electronically to QuickBooks software at the push of a button

• include transaction, loan and customer-level data
• matches up fund accounts in your existing QuickBooks company file or have DLM set up QuickBooks accounts for you
• Synchronizes data whenever you choose
• DLM will prepare sales deposits and receipts for easy review within QuickBooks

Compatible with QuickBooks 2008 or higher

Coming in 2010!  Interface with the online version of QuickBooks

Trend Analysis Module - $275

Performs trend analysis for selected range of months

• Shows portfolio at-risk trends month by month over selected range of months
• Shows amount and percent of portfolio risk, month by month
• Shows average monthly fund balance
• Shows loan loss rate for this period of time

Tabulates historical data from beginning of the loan fund up to selected date

• Tabulates total loans issued, funds approved, funds disbursed
• Lists number of loans paid in full
• Lists number of loans charged off, dollar amounts charged off, and percent of portfolio lost
• Calculates total dollar amount of repayments received (by fees, interest, and principal)
• Calculates average loan size, term and interest rate over the life of the fund(s)

VistaShare Data Exchange Module - $500

Easily transfers data between the two database systems

• Integrates loan account data from DLM and client information from VistaShare's Outcome Tracker
• Uses VistaShare to correlate DLM loan data with a wide range of non-loan data
• Eliminates the need to re-enter data in more than one system

Innovative Web-based platform allows data entry and collection from anywhere

• Accesses summary loan data from anywhere using VistaShare's web browser interface
• Monitors complex organizational relationships, including loan performance