Product Features
DownHome Loan Manager is a full-featured relational database system designed especially for community loan funds. DLM lets you keep track of a wide range of information about your borrowers, the loans you issue, and all the repayment transactions associated with them.
DLM makes posting loan payments a snap by automatically calculating interest, principal and fees. The software not only keeps track of all payments and charges, it also includes this information on monthly bills to borrowers. Furthermore, with DLM’s system of reports, you can accurately monitor the performance of the overall portfolio of loans under its management.
Some of DLM’s reports have been tailored specifically for use in the SBA’s Microloan Demonstration Project.
System Highlights
Manages several loan programs in the same database:- maintains data by separate loan program and/or for entire database
- tracks multiple sub-accounts within each loan program
- allows multiple loans per borrower, including different loan programs
- customizes rates and terms for each loan
- calculates interest, fees, principal for each account transaction
- keeps separate cumulative balances for outstanding principal, interest, late charges and technical assistance fees.
- Built in error-checking to catch common data entry errors
- on-line help for posting transactions
- accommodates two monthly billing cycles (1st and/or 15th of the month)
- prints bills to fit address-window envelopes for easy mailing.
- provides detailed summary of account status, including past due balances, aging status, etc.
- prints hard-copy reports for tracking and record-keeping
- produces Portfolio Summary Reports in a variety of formats
- allows you to select information by date range, program type, individual borrower, etc.
- prints out SBA Portfolio ID Reports