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Distressed Debt Management Software:

Track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values.
The distressed debt market is heating up. Are you ready to manage and service a high volume of bad-debt loans? Does your loan servicing software handle these kinds of loans? The Nortridge Loan System helps you track all of your borrower-related information and to separately track loan balances such as cost basis, contract values and charge-off values. You can also track ongoing loan maintenance costs (“protective advances”) including reimbursable and non-reimbursable expenses, short-term and long-term capital gains. Servicers in the distressed debt market have also told us that the inability to track a loan’s multiple collateral assets and value is a common pain point. With Nortridge, you have the ability to easily track multiple pieces of collateral on each loan along with all related functionality, including tax and insurance data.

Imagine:

Features

Manage the entire lifecycle of your loan portfolio in one place.

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