4 min read
Cindy Fisher: May 28, 2020
GOLDPoint Systems categorizes loans once they’ve been opened into seven different payment methods. The payment method determines how to calculate interest and what rules to follow in processing the loan account. Line-of-credit loans are one type of...
Read More
3 min read
Annalisa Williams: May 21, 2020
Many of your borrowers may be needing to defer loan payments due to COVID-19 related employment loss, furloughs, or other unexpected hardships. When...
3 min read
Cindy Fisher: May 14, 2020
After three months trying to wrap our proverbial arms around this COVID-19 pandemic (at a safe distance, of course), most institutions understand by...
4 min read
Cindy Fisher: April 9, 2020
Your institution is likely fielding an increased volume of calls from borrowers out of work or with reduced paychecks asking if there is any way they...
5 min read
Ashley Jensen: April 3, 2020
As the coronavirus has spread across America, many workers have suddenly found themselves working from home. Not only that, but their kids are also...
1 min read
Charles Burnett: March 25, 2020
If you’re reading this, chances are good that you spend a lot of your workday at the computer. Chances are also pretty good that you prefer to do as...
4 min read
Cindy Fisher: March 23, 2020
Payments that are returned due to non-sufficient funds are one of the most frustrating issues your institution deals with. Payments need to be...
2 min read
Annalisa Williams: March 12, 2020
When it comes to loan servicing across multiple states, you need a robust system to quickly and accurately manage loans, so you stay within the many...
4 min read
Cindy Fisher: March 12, 2020
Need something to worry about other than the Coronavirus? How about the FICO® credit score changes that go into effect later this year.
4 min read
Cindy Fisher: February 27, 2020
Transactions are the lifeblood of a loan. Without transactions, the loan stagnates and does nothing. Transactions are the means by which funds move...
2 min read
Charles Burnett: February 27, 2020
Unfortunately, not every borrower at your institution will keep up with their payments. Some of them may even fall behind enough to land themselves...
2 min read
Annalisa Williams: February 11, 2020
Communication with your borrowers is what keeps your business humming along. Whether it’s account updates or payment due date reminders, regular...
3 min read
Ashley Jensen: February 6, 2020
I think we can all agree, not getting paid is the worst. And when you have borrowers who are delinquent on their payments, that's what's happening;...
