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- Contract Collection System - Lincoln Data, Inc.
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- KEYWORDS: mortgage, real estate, turnkey system, escrow, banking, Loan Administration , 509
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- Contract/Installment Loan Servicing System
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- Lincoln Data's Contract Collection System is for Commercial Banks, Title
- Companies, Escrow Companies, and others who process contract collections or
- installment notes. It uses modern low-cost microcomputer technology to bring a
- high degree of accounting efficiency to those organizations with a few hundred
- (to many thousand) collection contracts to service. Comprehensive reports
- include trial balance, investor reports, year-end statements, 1098 and 1099
- magnetic media, delinquent payment register, and delinquent fee register. Some
- of the payment processing options are daily or monthly interest, automatic
- reserve collection, late fee capability, multiple disbursements per account,
- buyer receipts, seller payment notices, and delinquent notices. The system
- provides easy onscreen inquiry of account status and balances, account history
- ledger, name and address, contract tickler memos, and payoff quotations. An
- integrated Bank Reconciliation option is available to firms who print many
- disbursement checks and will substantially reduce the time required to balance
- trust accounts.
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- Lincoln Data, Inc.
- Tel: (509) 466-1744
- Toll free: (800) 888-4153
- Clifford Hackney
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