LoanAssistant

LoanAssistant is a loan servicing software add-on developed by Integrated Accounting Solutions that seamlessly integrates with QuickBooks. It is designed to efficiently manage multiple loans and credit lines, catering to businesses of all sizes. The software is widely used by financial institutions, mortgage lenders, credit unions, banks, and loan servicing companies to streamline their loan management processes.

Key Features

Loan Management: LoanAssistant provides comprehensive loan management capabilities for both lenders and borrowers, allowing users to efficiently service an unlimited number of loans and credit lines across various segments of the lending industry.

QuickBooks Integration: LoanAssistant seamlessly integrates with QuickBooks Online and QuickBooks Desktop Companies, ensuring accurate and up-to-date financial records. It also allows for a combined report of loan portfolios from different QuickBooks Companies.

Reporting Features: Generate essential reports such as amortization tables, payment coupons, billing statements, pay-off statements, and borrower account statements. The software offers a variety of reporting options to meet the specific needs of lenders and borrowers.

Flexible Loan Servicing Support: Assign multiple borrowers and guarantors to a single loan, and utilize the escrow module for third-party payments such as taxes and insurance. It also supports multi-user network setup for simultaneous access and management of loan data.

Interest Calculation Options: LoanAssistant offers various interest calculation options, including cash basis and accrual accounting. It supports self-amortized, balloon, and interest-only loans, and allows for interest calculation based on different methods.

Investor Tracking and Reporting: Track investors' certificates of deposits and support participation pools with one or multiple investors. Allocate investors based on fixed percentages or the amount of capital invested.