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Margill Loan Manager has proven to be an invaluable tool for users, allowing them to greatly improve their workflow and reporting …
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What is Margill Loan Manager?
Margill Loan Manager is designed to handle a number of payment scenarios. According to the vendor, this solution’s sophisticated mathematics make it the choice of governments, public and private companies, private lenders, accountants and developments agencies that service between…
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What is Margill Loan Manager?
Margill Loan Manager is designed to handle a number of payment scenarios. According to the vendor, this solution’s sophisticated mathematics make it the choice of governments, public and private companies, private lenders, accountants and developments agencies that service between 10 and 30,000 loans.
This solution is designed to handle the following types of loans: Consumer, Business, Inter-company, Employee, Construction, Litigation and Lines of Credit.
Users can create customized fields along with drop down menus, custom payment types, and dashboards. Users can also create reports with over 600 fields to choose from. All transactions can be exported to the General ledger directly to QuickBooks and Sage or via Excel.
Margill Loan Manager Features
- Supported: Service simple and complex Loans, Mortgages, Lines of credit, Receivables, Judgments, Leases
- Supported: Origination: produce Contracts, Letters, Invoices and Statements with Document Merge
- Supported: Automatic recomputation of Interest, Principal, Fees as payments are paid, unpaid, partial, late
- Supported: Post payments (paid/unpaid/late/partial) in bulk
- Supported: Late or unpaid payment fees added automatically
- Supported: Fees, Insurance and Tax / Automatic calculation
- Supported: User customization in a snap: Dashboard (Main window), Custom fields including scroll menus, Payment types, Multiple report types with hundreds of fields and even math equations
- Supported: Fixed / Variable interest rates / Simple / Compound interest
- Supported: Electronic payments (Unites States (ACH) and Canada)
- Supported: Export accounting data to General Ledger: Quickbooks, Sage, Excel, CSV
- Supported: Send merged documents (invoices, statements, letters) in batches by E-mail
- Supported: International calculation standards
- Supported: Multi-currency
- Supported: Import your clients via an Excel sheet in seconds
Margill Loan Manager Screenshots
Margill Loan Manager Video
Margill Loan Manager Presentation
Margill Loan Manager Integrations
Margill Loan Manager Competitors
- The Mortgage Office
- Nortridge Loan System
- AutoPal software
Margill Loan Manager Technical Details
| Deployment Types | On-premise |
|---|---|
| Operating Systems | Windows |
| Mobile Application | No |
| Supported Countries | Worldwide, all countries, Canada, United States, Africa, etc. |
| Supported Languages | English, French |
Margill Loan Manager Downloadables
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Margill Loan Manager has proven to be an invaluable tool for users, allowing them to greatly improve their workflow and reporting capacity. With the ability to generate amortizations for different repayment scenarios, including irregular payment schedules, users can better serve their customers' unique needs. The software's Document Merge feature has significantly reduced processing times, streamlining operations and increasing efficiency.
Customizability is a key advantage of Margill Loan Manager, as users can tailor reports to meet the requirements of different shareholder entities and loan programs. For growing firms with bespoke deals, the software keeps track of each individual transaction, providing a comprehensive overview of the entire loan portfolio. Although there may be a learning curve in getting used to the software, its value and functionality make it an excellent choice for loan management.
Nonprofit lenders find Margill Loan Manager particularly useful as they can customize the software to fit each loan scenario. This eliminates the need for separate Excel amortization tables or external documents, simplifying loan management and ensuring accurate record-keeping. Users appreciate the accurate information reports provided by Margill Loan Manager and praise the excellent customer service provided by the support team.
Furthermore, small businesses and startups have benefitted from using Margill Loan Manager as it helps them grow their customer base while maintaining clear records of all transactions. Automation of manual processes for tracking loan payments saves time and ensures a secure and accurate system. The user-friendly interface allows for quick loan generation, making it an efficient solution for managing all types of loans.
A community development corporation that has been using Margill Loan Manager since 2013 highlights its ability to create tailored reports for various needs. The software provides clear and precise calculation tables, ensuring accurate financial analysis. Users consistently describe Margill Loan Manager as professional and easy-to-use.
Lastly, customers appreciate the phenomenal support provided by the Margill team. Whether managing a large loan portfolio or simply seeking assistance with day-to-day tasks, users have found the service to be excellent. With their needs fully met and even exceeded, users have no hesitation in recommending Margill Loan Manager to others facing similar loan management challenges.
Exceptional Customer Service: Many users have praised the exceptional customer service provided by Margill Loan Manager. Reviewers mention that the Margill team is quick to respond and provide helpful assistance, addressing any questions or concerns promptly. This high level of customer support has been appreciated by multiple users.
Easy to Use and Learn: Several reviewers highlight that Margill Loan Manager is easy to use and learn. Users with varying levels of experience mention that even those with little experience can quickly learn how to calculate interest using the software. The user-friendly interface and intuitive design make it easy for both individuals and their assistants to navigate and manage loan data.
Customizable Reports: Multiple users appreciate the ability to customize reports in Margill Loan Manager. They mention being able to tailor the software to their specific needs, creating custom reports for export and merge. This feature allows them to obtain the necessary information for accounting purposes easily and efficiently.
Customization Limitations: Some users have expressed a desire for more customization options in the Detailed Tables of Margill Loan Manager. They feel that being able to tailor these tables to their specific needs would greatly enhance their experience with the software.
Steep Learning Curve: Several reviewers have mentioned that they found it challenging to fully learn and utilize all the available features in Margill Loan Manager. They believe that better training resources or tutorials could help them navigate the software more efficiently.
Interface Misalignment: A few users have noted that the way information is presented in Margill Loan Manager takes some adjustment and does not align with their initial expectations. They suggest improvements in terms of user interface design and intuitiveness.