Nortridge Participation Loan Module
Share loan funding across multiple institutions while maintaining complete visibility and control.
Why Use Nortridge's Participation Loan Module?
Flexible Participation Structure
Automated Payment Processing
Say goodbye to writing checks by hand. Payments to participants can be processed through ACH or automatic check disbursement. Schedule them, forget them, and let the system handle the rest – your funding partners get paid on time, every time.
General Ledger Integration
Keep your accountants happy. The system automatically generates General Ledger entries for each participant, making reconciliation a breeze. Your books stay clean and accurate, and audit time becomes much less stressful.
Servicing Fee Tracking
Don’t leave money on the table. Our system carefully tracks all servicing fees associated with participation loans. You’ll always know exactly what you’ve earned for managing these complex arrangements – no more guesswork or missed revenue.
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
Streamline Your Participation Loans with Nortridge
Why struggle with complex manual calculations and payment tracking? Our Participations Module handles the heavy lifting of managing multi-source loans, freeing your team from spreadsheets and letting you focus on growing your participation network.
