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, actuarial balance, 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. Payoffs may be calculated to any future date.
At termination you have the flexibility to waive or assess charges as needed.View Loan Software Features