Charge-Off Loan Tracker
The Charge-Off Loan Tracker (COLT) simplifies the management of problematic loans, offering features like automatic tracking of unpaid balances and interest accrual. It accommodates flexible repayment terms, generates insightful board reports, and ensures accurate borrower communication. With robust reporting and an automated IRS interface, it revitalizes bad loans efficiently, allowing institutions to focus on profitable ventures.
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Top Charge-Off Loan Tracker Features
- Automated unpaid balance tracking
- Interest accumulation tracking
- Flexible payment term adjustments
- Transaction-based accounting system
- Comprehensive borrower invoicing
- Customizable correspondence templates
- Shadow accounting capabilities
- Automated 1099-C generation
- IRS interface integration
- Documented audit trail functionality
- Robust financial reporting engine
- Multiple accrual methods support
- User-friendly interface design
- Historical performance analysis
- Charge-off recovery forecasting
- Real-time loan status updates
- Exportable report formats
- Dedicated customer support resources
- Compliance tracking features
- Multi-user access permissions
