Breaking Out by Breaking the Mold
As mentioned in the Entrepreneur Magazine article, “10 Ways to Grow Your Business,” taking your business to the next level…
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Game-changing strategies, insider insights, and powerful solutions for growing your lending business.
5 Tips to Achieve More Effective Collections
April 23, 2013 Collecting baseball cards: Easy. Collecting on delinquent loans or written-off debt: Difficult. If only it were easy…
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Standard Loans Versus Cashflow Loan Calculations
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 Most loan docs for consumer installment type loans have a field called ‘Finance Charge’ which is supposed…
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Payments Reductions and Write-offs
When is a payment not a payment? When is a transaction that is not called a payment, actually a payment?…
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Matching Conversion Loan Balances
Back when I spent most of my time doing trainings and implementations for new customers, I had an interesting conundrum…
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Software Powers Two of Inc. Magazine’s Top Job Creators
A pair of Nortridge customers are prominently listed in Inc.’s “Hire Power Awards” featured in the magazine’s January 2013 edition.…
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Calculating the Rule of 78s: Add-Ons and Simple
In Part 1 of our series on how to calculate APR, we discussed the mathematical procedure for deriving the APR…
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5 Things Distressed Debt Servicers Should Expect From Their Loan Servicing System
The good news: You just won that large pool of distressed debt loans. The bad news: You’re not in a…
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