LoanAssistant

LoanAssistant focuses on desktop-based loan servicing for community banks and credit unions. It organizes client records, calculates interest using standard or custom formulas, and manages amortization schedules. The built-in compliance engine checks TILA or FDCPA rules for consumer loans. A teller module processes payments and prints receipts. Reporting covers daily transactions, delinquency, and month-end statements. While not heavily cloud-based, LoanAssistant’s on-prem architecture suits local lenders wanting control over data. It reduces manual ledger entries, improving accuracy in smaller-scale loan departments.