Loan Participation Servicing Software

Simplify loan participation management with flexible ownership structures, automated payment distributions, and integrated accounting. Manage multiple funding participants and streamline servicing operations with Nortridge.

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Manage Loan Participations With Greater Control

From servicing participation agreements to distributing payments and tracking servicing fees, Nortridge brings essential participation management capabilities into one loan servicing system.

Flexible Participation Structure

Manage participation shares using percentages or fixed dollar amounts.

Custom Interest Configurations

Set individual participant interest rates, including secondary rates for deferred interest.

Rules-Based Distributions

Calculate participant payment allocations using configurable distribution rules.

Automated Disbursements

Process participant payments through ACH or automatic check generation.

General Ledger Entries

Automatically generate general ledger entries for each participant to simplify accounting.

Servicing Fee Tracking

Track servicing fees earned across participation loans for greater financial visibility.

FLEXIBLE PARTICIPATION STRUCTURES

Structure Participations Around Your Agreements

Configure participation shares using ownership percentages or fixed dollar amounts. Set individual participant interest rates, including secondary rates for deferred interest, to accommodate different participation agreements within Nortridge.

AUTOMATED PARTICIPANT DISTRIBUTIONS

Automate Participant Payment Distributions

Automatically calculate payment allocations based on configurable distribution rules and each participant’s agreed-upon share. Process disbursements through ACH or automatic check generation to reduce manual calculations and simplify payments across multiple participants.

Participant payment distribution records connected to automatically generated general ledger accounting entries.

PARTICIPATION ACCOUNTING

Keep Participation Accounting Connected

Automatically generate general ledger entries for each participant as distributions are processed. Keep participation transactions and accounting records connected to simplify reconciliation, reduce manual data entry, and maintain accurate financial records.

SERVICING FEE MANAGEMENT

Track Servicing Fees Across Participations

Configure and track servicing fees associated with participation loans using flexible transaction settings. Manage fee calculations and servicing activity within Nortridge to simplify fee management across multiple participation agreements.

Frequently Asked Questions

How does the percentage vs. dollar amount participation work?

You can set up participants to receive either a fixed percentage of the loan or a specific dollar amount. The system handles all calculations and adjustments automatically as payments come in.

How are payments distributed to participants?

Our rules-based distribution automatically calculates the correct amounts for each participant. Payments can then be sent through ACH or generated as checks, depending on your preference.

Does the system handle the accounting entries?

Yes! The Participations Module automatically generates GL entries for each participant, making reconciliation and reporting much easier. All transactions are properly documented for clean accounting.

Can participants have different terms from each other?

Absolutely! Each participant can have their own interest rate structure, including different primary rates and secondary rates for deferred interest. The system manages all these variations seamlessly

Our Latest Testimonials

Read the latest from lenders and loan servicers using Nortridge to power their lending operations

There is no other solution that brings the out-of-the-box functionality as well as securing future growth with an extensible platform that is evolving and growing to meet future challenges and opportunities.

Allan Hill

Avid Financial

Flexibility with customizations and making the software fit your business needs. Nortridge Support Staff are always knowledgeable and timely with responses.

Carolyn Smith

Credit Central

Software includes a lot of functionality which, if we can use effectively, makes it replace the need for multiple software programs.

Deborah Temple 

Communities Unlimited

Simplify Participation Loan Servicing With Nortridge

Manage participation structures, automate participant distributions, and track servicing activity within one configurable loan servicing platform.

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