Servicing Software for HELOCs - Home Equity Lines
Management of Revolving Credit and Commercial Lines of Credit
The OPEN$LINE module helps you by handling all the complex calculations involved with revolving credit. Management of home equity loans and commercial lines of credit are instant and effortless when the OPEN$LINE module is employed.
This module calculates individual repayment schedules, late charges and periodic renewal fees for each borrower. In addition, each borrower can be assigned a credit limit, which can be adjusted during the life of the contract.
Each borrower receives a detailed monthly billing statement. OPEN$LINE automatically updates customer files and allows for payoff quotations when answering inquiries.
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Features
- Adds Revolving Credit to Your Servicing System
- Branded Credit Cards
- Credit Lines
- HELOCs
- Equity Lines
- Commercial Lines of Credit
- Credit Limits
- Open Ended and Closed Lines, Credit Limit Controls
- Both Advances and Purchases
- Individual Loan Cutoff Dates
- Help Screens
- Many Reports
