Charge-off Loan Tracker 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.

Integrations

Reviews

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Company Details

Company:
Lowenstein and Associates
Year Founded:
1986
Headquarters:
United States
Website:
laapc.com/charge-off-loantracker/

Media

Charge-off Loan Tracker Screenshot 1
Recommended Products
Our Free Plans just got better! | Auth0 Icon
Our Free Plans just got better! | Auth0

With up to 25k MAUs and unlimited Okta connections, our Free Plan lets you focus on what you do best—building great apps.

You asked, we delivered! Auth0 is excited to expand our Free and Paid plans to include more options so you can focus on building, deploying, and scaling applications without having to worry about your security. Auth0 now, thank yourself later.
Try free now

Product Details

Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
In Person
Customer Support
Business Hours
Online Support

Charge-off Loan Tracker Features and Options

Loan Servicing Software

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

Charge-off Loan Tracker User Reviews

Write a Review
  • Previous
  • Next