The Math Behind Simple Interest and the Rule of 78s
November 18, 2013
Should you use simple interest or the Rule of 78s when calculating interest on a loan? Let’s compare both to…
Blog
Game-changing strategies, insider insights, and powerful solutions for growing your lending business.
Balloon Payments Explained
October 28, 2013
What is a balloon payment? This is a complex question, because in general, the answer requires context. In specific terms,…
Top 4 Lending Trends of 2013
October 21, 2013
Big data is changing both consumer behavior and loan products. Consumers will have an easier time ‘rate shopping.’ With quick…
Turning Off Accrual Processing Is Not Non-Accrual Loan
September 30, 2013
According to Generally Accepted Accounting Principles (GAAP) in lending, for many loan types, you must stop accruing interest into income…
Borrower Portal A Jumping Off Point
August 29, 2013
If you are like many consumer lenders in today’s markets, you want your borrowers to be able to go onto…
How I First Learned About Nortridge – A Fan of Flexibility
August 29, 2013
Several years ago before joining Nortridge, I worked as a loan servicing manager at a financial institution that purchased commercial…
The Benefits of Loan Servicing In-House & Downsides
July 30, 2013
Running a profitable lending business; especially one that is experiencing dramatic growth or a changing regulatory climate; can be a…
Introducing the Nortridge Online Community
July 15, 2013
Get the information you need at the Nortridge Online Community. This new community provides a forum where your Nortridge Loan…
Programmed to Make You More Efficient
June 27, 2013
Snervicing and collecting on loan portfolios can be a very time-consuming and resource-heavy job. Wouldn’t it be great to eliminate…