Moneylender Professional

Moneylender Professional, developed by Whitman Technological Corporation, is a loan servicing software designed to automate calculations, generate statements, and facilitate loan management. According to the vendor, this software is specifically tailored for small to medium-sized lenders in various professions and industries, including private investors and individuals, businesses with in-house financing, colleges and universities, finance and investing firms, as well as utilities and municipalities.

Key Features

Advanced Automation: According to the vendor, Moneylender Professional automates calculations to provide accurate financial information. It allows lenders to track payment statuses, identify delinquent accounts, and manage loans efficiently.

Professional Statements and Letters: The software generates customizable statements, notices, and letters, according to the vendor. This feature enables lenders to communicate with borrowers effectively.

Versatile Compatibility: Moneylender Professional is suitable for commercial loan software and real estate loan software, as stated by the vendor. It offers detailed accounting capabilities that can adapt to different business models and integrate seamlessly.

Team Collaboration: According to the vendor, the software allows multiple users to access loan data simultaneously, promoting collaboration and teamwork among lenders.

Fully Auditable Balances and Accounting: Moneylender Professional provides auditable balances and accounting, ensuring accuracy and transparency in financial records, as claimed by the vendor. This feature supports compliance with accounting regulations.

Flexible Calculation System: The software adapts to various loan types and interest rate structures, according to the vendor. Lenders can customize the software to meet their specific business needs and perform accurate loan calculations.

Configurable Letters and Statements: Moneylender Professional offers customizable templates for letters and statements, according to the vendor. This feature allows lenders to provide professional and personalized communication with borrowers.

Streamlined Communication: According to the vendor, the software supports bulk email and mail statements, streamlining the process of sending statements to borrowers. This feature reduces manual effort and improves communication efficiency.

Comprehensive Reporting: Moneylender Professional generates configurable and auditable reports, providing lenders with insights into their loan portfolios, as claimed by the vendor. These reports facilitate data-driven decision making.