Service With Ease
CL Loan™ is a complete loan servicing application that automates loan billing, payments, collections, and accounting within one robust, flexible, and secure platform. With the power of the cloud, it efficiently manages portfolios and allows you to easily increase transaction volume. CL Loan is highly configurable to allow financial services companies to quickly bring new products to market or update existing offerings.
CL Loan provides complete control of your lending products. Create new loan products instantly for just about any loan type.
Manage the complexities encountered during the lifecycle of the loan. Manage contract creation, execution, and analysis to maximize financial and operational performance while minimizing risk.
Automate the recurring tasks of your lending operations. Customer billing, payment collections, and the calculation of fees and other charges can be managed automatically.
Flexibly structure payments and interest calculations. Manage level, balloon, and interest-only payment types. Interest calculation methods include flat, declining balance, floating, and step.
Here’s What We Can Do For You
Wizard-based approach for general setup and loan product configuration
Contract Lifecycle Management
Manage the contract lifecycle from creation to modification and termination
Modify contracts including interest rate, calculations, payments, due days, terms, principal adjustment, and more (modified contract automatically recalculates billing, fees, and interest)
A complete range of payment frequencies, interest calculations, and payment spreads
Manage payment tolerances, delinquency grace days, and delinquency payment plans
Flexible interest structures such as flat rate, declining balance, flexible repayment, and floating rate index or margin rates
Spread payments automatically or manually across principal, interest, and fees
Automate disbursement, customer bill generation, and payments including manual payments or automated payments via ACH