Custom Payoffs
Our programmers at A.L.S. will program
the exact payoff type based on your customer’s contractual obligation to
you. The system allows up to 20
different payoff types. Whether you use rule of 78's, level yield, simple
interest or a custom calculation, you will always get an accurate up to the
minute payoff. A daily report
is generated that includes all payoffs quoted that day.
A history is available for each account detailing the last five
payoffs quoted.
When it comes time to end a loan, you have the flexibility to waive or assess charges as needed in order to generate precise accounting entries.