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GOLDPoint Systems Blog

Original articles created to support the lending industry.

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Evalutate customer payment

2 min read

Evaluating the Customer Experience When it Comes to Payments

While Black Friday shopping in November of 2020, I stopped into a well-known women undergarment store that shall remain nameless. The helpful teller asked if I wanted to open a credit card that day and receive 30% off my buy-one-get-one-free items....

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Late charges apply on Sunday seven day processing

2 min read

Seven-day Processing: Late Charges Can Now be Applied on Sundays

It was almost one year ago when I wrote the blog post about our system processing afterhours seven days a week…except when it comes to late charges....

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2 min read

What are Parameter Substitutions in General Ledger?

I like to think of a General Ledger system as a mini-bank…or a giant piggy bank with lots of different slots. Did you ever have one of those saving...

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CFPB debt collection rule

4 min read

New Final Debt Collection Rule Highlights

On October 30th, the Consumer Financial Protection Bureau (CFPB) issued the first part of its long-overdue Debt Collection Practices final rule,...

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Five ways to support military

2 min read

Five Things You Can Do to Support Our Military

Did you know that our U.S. military personnel are between 2- and 10-times more likely to have delinquencies or defaults on their credit reports in...

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2 min read

Why Special Comments Codes are Essential When Reporting Deferments in Credit Reporting

It seems the only two cheery subjects anyone wants to talk about these days are the U.S. presidential election and Covid-19. Dare this blog post...

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2 min read

Applying Custom Alerts to Accounts will Help with Loan Servicing

One doesn’t need to work in the finance industry very long to realize how complicated everything is.

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2 min read

Investor Portal and File Services Plus: A Marriage Made in Heaven

Some things just go together like peas and carrots.

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3 min read

7 Smart Reasons to Update Your IVR

Reasons to Update Your IVR:

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Photo by CoWomen on Unsplash

4 min read

How GOLDPoint Systems Helps with the CFPB Ruling on Small Dollar Loans

The Consumer Financial Protection Bureau (CFPB) recently released its final rule on small-dollar lending, where lenders were challenging the...

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Develop anti-phishing strategies

2 min read

Does Your Institution Have an Anti-Phishing Strategy?

Maybe you’ve been one of the lucky individuals who has received a text or email recently, allegedly from your bank, letting you know that some...

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2 min read

Electronically Signing, It’s Never Been Easier

If we’ve learned anything from the recent pandemic, we’ve learned that you can do a lot of things remotely. We can use Zoom to have “face-to-face”...

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3 min read

Understanding Precomputed Interest Loans

Precomputed interest loans are a popular method of lending for borrowers requesting less than a few thousand dollars for a loan term of less than...

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