Standard Loans Versus Cashflow Loan Calculations
April 15, 2013
In a standard installment loan, given the parameters: principal, periodic interest rate, and number of payment periods, we can solve…
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Don’t Get Hung Up on Finance Charge
March 13, 2013
March 13, 2013 Most loan docs for consumer installment type loans have a field called ‘Finance Charge’ which is supposed…
Payments Reductions and Write-offs
January 31, 2013
When is a payment not a payment? When is a transaction that is not called a payment, actually a payment?…
Matching Conversion Loan Balances
January 23, 2013
Back when I spent most of my time doing trainings and implementations for new customers, I had an interesting conundrum…
Software Powers Two of Inc. Magazine’s Top Job Creators
January 10, 2013
A pair of Nortridge customers are prominently listed in Inc.’s “Hire Power Awards” featured in the magazine’s January 2013 edition.…
Calculating the Rule of 78s: Add-Ons and Simple
December 14, 2012
In Part 1 of our series on how to calculate APR, we discussed the mathematical procedure for deriving the APR…
5 Things Distressed Debt Servicers Should Expect From Their Loan Servicing System
September 13, 2012
The good news: You just won that large pool of distressed debt loans. The bad news: You’re not in a…
The 411 on Incomplete Conversion Loan Balances
August 29, 2012
August 29, 2012 Striking a balance between “critical” and “optional” data You just purchased a bundle of loans. You need…
Don’t Play Games With Security
July 24, 2012
The year is 1983. David Lightman, a high school junior, is failing biology. Besides being somewhat of a computer prodigy,…