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Solutions Plus Loan Accounting Systems offered by FAS is by far one of the most extensive packages on the market today. This application, designed around a system manager, runs on almost all types of operating systems, will effectively and efficiently handle up to 16 million loans, and incorporates from one to an unlimited number of users.
Built around the Loan Service System Concept, Loan Portfolio is designed with the small, growing user in mind. Encompassing all of the transaction ability of its big brother, the Loan Portfolio system will not sort by class and type for either loans or customers. Transaction types include regular, disbursement, payment short, odd payments, interest or principal only, and reversals. The ability to define late charges and grace periods still exists globally. Each loan may have simple interest, with payments being anywhere from annual to weekly. Interest may be calculated by period or date. The Loan Portfolio may be upgraded to the Loan Service System at any time with NO re-entry of data.
We now have 12 different transaction types in the Loan Portfolio System.
"Loan Portfolio" is part of the Solutions Plus Software line of products, developed by F.A.S. - Financial Accounting Systems.