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Average Ratings 0 Ratings
Description
Intelligent Banking Solutions is a specialized firm dedicated solely to providing debt collection software for the banking sector. With extensive firsthand knowledge of the challenges you face in asset recovery, we have dedicated over thirty years to refining the premier debt collection software tailored for banks: CARM-Pro™ Collection and Recovery Manager, Professional™. This essential software equips your special asset officers with the tools necessary to meticulously record, oversee, and recover all debts owed to your institution. By utilizing CARM-Pro™, banks can significantly boost their revenue, minimize loan delinquencies, and lower the incidence of debt charge-offs. Moreover, this powerful platform seamlessly integrates with both your bank’s core systems and non-primary account servicing solutions, allowing account managers to acquire a comprehensive view and real-time status of every borrower account. With CARM-Pro™, your institution can enhance operational efficiency while effectively managing financial recoveries.
Description
When loans become problematic, managing and recovering them can prove to be quite difficult. Although they may be sidelined in your financial records, they remain a crucial aspect of your overall financial health. The Charge-off Loan Tracker (COLT) simplifies the process of handling these troublesome loans. Since 1987, COLT has been a vital tool for financial institutions seeking to manage and recover charge-offs effectively. Its user-friendly interface will leave you impressed, as it seamlessly tracks outstanding balances while calculating interest, adjusts to new payment conditions, produces board reports, and more. If there’s a possibility of recovery, COLT equips you with the necessary tools to pursue it. By streamlining the management of bad loans, COLT allows you to focus your energy on more lucrative opportunities. It offers comprehensive tracking for principal, interest, and fees, supports various accrual methods, and employs transaction-based accounting. Additionally, it provides adaptable repayment terms, borrower invoicing, and correspondence, while also ensuring complete shadow accounting. With features like automated 1099-Cs that interface with the IRS, a documented audit trail, and a powerful reporting engine, COLT is the solution you need for effective loan management. In short, utilizing COLT not only enhances your collection efforts but also significantly improves your financial efficiency.
API Access
Has API
No
API Access
Has API
No
Integrations
ASC
No
BAM+
No
Experian Aperture Data Studio
No
FIS Telephone Banking
No
Fiserv Engagement Advantage
No
Fiserv Mortgage Director
No
Loan Producer
No
LoanServ
No
OpenClose
No
Wolters Kluwer Passport
No
Integrations
ASC
Yes
BAM+
Yes
Experian Aperture Data Studio
Yes
FIS Telephone Banking
Yes
Fiserv Engagement Advantage
Yes
Fiserv Mortgage Director
Yes
Loan Producer
Yes
LoanServ
Yes
OpenClose
Yes
Wolters Kluwer Passport
Yes
Pricing Details
$3,995 one-time payment
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Intelligent Banking Solutions
Founded
1989
Country
United States
Website
www.ibshome.com/debt-collection-software-for-banks/
Vendor Details
Company Name
Lowenstein and Associates
Founded
1986
Country
United States
Website
laapc.com/charge-off-loantracker/
Product Features
Debt Collection
Agency Management
Yes
Auto Dialer
Yes
Automated Notices
Yes
Callback Scheduling
Yes
Client Management
Yes
Commission Management
Yes
Compliance Management
Yes
Contact Management
Yes
Credit Bureau Reporting
Yes
In-House Collections
Yes
Payment Plans
Yes
Transaction Management
Yes
Product Features
Loan Servicing
Accounting Management
No
Amortization Schedule
No
Application Management
No
Auto Loans
Yes
Automatic Funds Distribution
No
Business Loans
Yes
Collateral Tracking
No
Collections Management
Yes
Compliance Management
No
Construction Loans
Yes
Customer Database
No
Fee Management
No
Investor Management
No
Loan Processing
No
Student Loans
Yes