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Loan Processing
QuikDraw currently supports a wide variety of different loan types depending
on your state or marketing requirements. After easily defining your system
variables QuikDraw automatically and quickly performs all of the necessary
internal calculations, printing complete and accurate disclosure agreements
to meet both state and federal regulations such as Regulation Z - Truth In
Lending Act. The system also automatically keeps track of all associated income
and your account receivables/loan portfolio.
Quickly and easily provide different financial service offerings to help
differentiate you from your competition but still maintain regulatory
compliance.
Payday Advance - Automatically calculate percentage and flat
fees with up to 10 different tier levels. Automatically deduct fees if loan
is prepaid early.
Refinances - Support multiple refinances with different
disclosure agreements.
Title Loans - Calculate all associated fees and amounts also
includes Vehicle database with multiple title repossession statuses.
Payment Plans - Easily offer an unlimited number of payment
periods and multiple payments. Support singe disbursement multiple payments
with simple finance fee included. For example, after the fourth refinance
offer weekly, bi-weekly or monthly payment plan on part or total account
balance with the correct APR.
Installment Loans - Support Amortized Loan capabilities with
multiple variable payments. Payments are "amortized" with varying Principal
and Interest payments.
Revolving Loans - Provide a revolving line of credit with
associated fees and annual finance charge. Account Balance can be revolving
with varying advances or payments made on account.
Check Cashing - Automatically charge different check cashing
fees.
Multiple Fees - Automatically assess application fees, loan
origination fees, return check fees and bank fees to loans.
Now you can have an easy to configure and FLEXIBLE loan system to meet your
requirements. With QuikDraw meet your current and future service offerings and
continuously meet the constant changing regulatory environment.
Call today to see for yourself how QuikDraw can help you gain and maintain
competitive advantage by offering different and unique financial services.
1-866-457-1654
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