Lincoln Data's Contract Collection System is a software package designed for commercial banks, title companies, escrow companies and others who service seller-financed mortgages, trust deeds, real estate contracts and other installment notes. This system is installed nationwide and offers accounting efficiency to firms servicing a few hundred (to many thousand) collection accounts.
Key Features:
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Comprehensive Reports |
Inquiry Of |
- Trial Balance
- Investor Reports
- Year-End Statements
- IRS 1098 and 1099 Forms
- IRS Electronic Filing
- Tickler Memo Reports
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- Account Status and Balances
- Account History Ledger
- Payment Disbursement Ledger
- Contract Tickler Memos
- Payoff Quotations
- Amortization Schedules
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Payment Processing |
Data Import/Export |
- Daily or Monthly Interest
- Tax and Insurance Reserves
- Late Charges
- Payment Coupons
- Buyer/Seller Payment Notifications
- Delinquent Payment Notices
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- ACH Debits (payments)
- ACH Credits (disbursements)
- Coupon Printing
- Annual Statement Printing
- Internet Inquiry
- Cleared/Issued Checks
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The Contract Collection System is available in text-based and Windows systems. The text-based Contract Collection System is very "Windows friendly." Most installations are running on Windows servers and many computer systems combine multiple operating environments. You might be operating Novell or UNIX on the server, but using Windows on the individual workstations. The Windows Contract Collection System operates on Windows 2000 or newer.
Pricing for the Contract Collection System includes software training and six months of software support. Ongoing support is available for an additional cost. Support calls are taken real-time by an "accounting oriented" staff.
The following optional features allow you to select the most cost effective software for your needs:
Bank Reconciliation System - The optional Bank Reconciliation System is for firms who issue many checks and will substantially reduce the time required for balancing bank trust accounts. It interfaces with the Contract Collection System to automatically transfer checks printed by the system into a separate check reconciliation file for the Contract Collection System trust account.
ACH Interface - The optional ACH Interface allows buyer and seller funds to be transferred electronically. Use of the ACH Interface eliminates mailing checks to a seller's bank and allows a buyer's payment to be electronically debited from a bank account.
wwwBranch Internet Interface - This optional Internet Inquiry Interface and host service provides "inquiry only" access to loan data linked to your web site. It allows password-protected inquiry for sellers and buyers who want web access to their loans.
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