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GOLDPoint Systems Blog

Original articles created to support the lending industry.

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Loan Servicing

Pexels Monstera

1 min read

Welcome to GOLDPoint’s Expanded Loan Portal

In the complex modern lending industry, supplemented as it is with vendors and investors, institutions that service customer loans regularly need to...

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Automated workflow

2 min read

Welcome to the Automated Workflow Engine

Not to brag, but GOLDPoint Systems has underwritten 44 million loan applications over the years. That’s a lot, and even dividing up that number among...

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Photo by Clay Banks on Unsplash

1 min read

What Are Institution Options, Anyway?

If you’ve spent any amount of time looking through our help documentation, you may have noticed that the phrase “institution option” comes up a lot....

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Photo by Glenn Carstens-Peters on Unsplash

2 min read

Checklists: The System Remembers So You Don’t Have To

Whether you have new employees in training or seasoned employees with a lot on their plate, it’s always helpful to have resources that prevent...

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Photo by Kaleidico on Unsplash

3 min read

2021 in Review: The Past Year’s Development Highlights

At GOLDPoint Systems (GPS), we are constantly improving our products to meet the needs of our clients and an ever-innovating industry. We pride...

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1 min read

2021 By the Numbers

Wow! What a year we just had. GOLDPoint Systems has continued to grow and innovate, and it shows. We are coming off one of our best years yet and...

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Photo by NordWood Themes on Unsplash

4 min read

Pay-by-Text: Payments Made Easier

With roughly 26 billion text messages sent every day, a new frontier is opening up. And the brave companies are going to begin taking advantage of...

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3 min read

Five Tips to Great Communication

Everyone knows that the key to any great relationship is communication. And the finance world is no exception. To create great relationships with our...

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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

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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How to calculate line of credit revolving loans

4 min read

Calculating Average Daily Balance for Line-of-Credit Revolving Loans

GOLDPoint Systems categorizes loans once they’ve been opened into seven different payment methods. The payment method determines how to calculate...

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