Grants Management Systems
10559 Metropolitan Avenue
Kensington, MD 20895
Phone: (800) 933-3501
Local: (301) 933-3500
Fax: (301) 933-3502

Follow us on:
Facebook Twitter Twitter

Company

GMS RLSS DEMO Installation Instructions

Note: This demo is to be installed on one workstation only.

1.  INSTALL SOFTWARE

  1. Double click on RLSSDEMO.msi. The installation program will open.
  2. Click OK.
  3. The installer will guide you through the steps required to install GMS-RLSS on your computer. Just click Next on each screen.
  4. Upon completion, you will get a message that the installation has been successful.
  5. Click Close. Copy/Paste DEMO.mdb into C:\Program Files\GMSRLSS folder.
    (Note: If using a 64-bit operating system, the path will be c:\Program Files (x86)\GMSRLSS)

2.  POINT YOUR DATABASE SELECTION TO THE DATABASE YOU WILL BE USING

For a 32 bit system:

  1. Go to Start, Control Panel. (If you are using an operating system prior to Windows XP, you will find Control Panel under Settings.) Click on the Administrative Tools icon. Select Data Sources (ODBC).
  2. Select Systems DSN tab
  3. Select Add.
  4. From the list of drivers choose Microsoft Access Driver (*mdb) by double clicking on Microsoft Access Driver (*mdb).
  5. The ODBC Microsoft Access Setup Screen will appear.
  6. Type RLSS in the box to the right of Data Source Name:
  7. Click on Select.
  8. The Select Database Screen will appear.
  9. In the box on the bottom right locate the C drive and click on it.
  10. Locate the C:\Program Files\GMSRLSS folder in the top box on the right and double click.
    This will put DEMO.MDB in the screen on the left. Click on DEMO.MDB.
  11. Click on OK to exit Select Database screen.
  12. This will put C:\Program Files\GMSRLSS\ DEMO.MDB in the ODBC Microsoft Access Setup screen on the fourth line from the top. It should read - Database: C:\Program Files\GMSRLSS\ DEMO.MDB
  13. Click on the Advanced button. Under Password, enter tgif99. Click on Ok.
  14. Click on ok on the next two screens.
  15. Close out of Control Panel and return to the desktop.

For a 64 bit system:

  1. Using Windows Explore, go to C:\Windows\sysWow64 folder. Double click on odbcad32.exe
  2. Select Systems DSN tab
  3. Select Add.
  4. From the list of drivers choose Microsoft Access Driver (*mdb) by double clicking on Microsoft Access Driver (*mdb).
  5. The ODBC Microsoft Access Setup Screen will appear.
  6. Type RLSS in the box to the right of Data Source Name:
  7. Click on Select.
  8. The Select Database Screen will appear.
  9. In the box on the bottom right locate the C drive and click on it.
  10. Locate the C:\Programfiles(x86)\GMSRLSS folder in the top box on the right and double click.
    This will put DEMO.MDB in the screen on the left. Click on DEMO.MDB.
  11. Click on OK to exit Select Database screen.
  12. This will put c:\Programfiles(x86)\GMSRLSS\ DEMO.MDB in the ODBC Microsoft Access Setup screen on the fourth line from the top. It should read - Database: C:\Programfiles(x86)\GMSRLSS\ DEMO.MDB
  13. Click on the Advanced button. Under Password, enter tgif99. Click on Ok.
  14. Click on ok on the next two screens.
  15. Close out of Control Panel and return to the desktop.

3.  USING GMS-RLSS:

  1. Double click on the GMSRLSS icon on your desktop. You will come to a Login screen.
  2. Leave the Organization name unchanged.
  3. For the User name, type in GMS.
  4. For the Password, type in demo.
  5. You will then be at the RLSS Main Menu.

Note: This demo will expire three months from the time you install it.

If you are upgrading or purchasing the GMS Accounting and Financial Management System or GMS-RLSS, you need to make sure your current computers have all of the right specifications or determine if new hardware needs to be purchased.

Recommended Hardware Requirements:

  • Windows XP or higher
  • Pentium III Processor or higher
  • No less than 1 GB of memory (recommend more to increase speed)
  • 100 MB of hard drive space just for the GMS system (That does not include the space you need for all other applications, i.e. Access, operating system, etc.)
  • Dedicated Windows Server (unless installing on one stand alone computer only)
  • Compatible with either 32 or 64 bit operating systems

Recommended Software Requirements:

  • Microsoft Access version 2007 or higher
  • SQL Server 2008 or higher
  • The latest service packs for applicable Windows operating system
  • The latest service packs for Microsoft Access and SQL Server
  • Microsoft Excel 2007 or higher
  • Microsoft .NET framework 3.5 SP1 or higher

Browse Our Supplements Catalog

#804 RLSS 1098's

If you are required to prepare 1098's for your borrowers, this supplement can make the process easier and faster. The program reviews all loan activity, identifies which activities fall within a calendar year, and totals the interest portion of appropriate repayments for 1098 reporting. You can print 1098's for all the loans in your portfolio, or be as specific as necessary. The supplement prepares a report prior to printing the 1098 forms, allowing you to review the accuracy of the data prior to actually printing on IRS forms. There is also an option to prepare a file to be sent electronically or magnetically.

Even if you don't send IRS form 1098 to your borrowers, you can use the report feature of this supplement to document total interest paid within a calendar year. This information can then be communicated to the client without actually printing IRS forms.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $280.00 $85.00
3 - 4 Users $350.00 $105.00
5+ Users $440.00 $135.00

#805 Loan Invoicing

This supplement is designed to produce monthly invoices to be forwarded to your borrowers. Invoicing is routinely done once a month for each loan. If you have loan payments all due on the same day of the month, a simple monthly routine utilizing this supplement will result in printed invoices with up-to-date information. If your loans are due on different days of the month, the program can be run more than once a month. The process hinges on the field "payment dates" in the Loan Master file, which holds the day of the month when the payment is due. Invoices can be run for loans due on the 1st and then again for loans that are due on the 15th. Invoicing batches are identified by the due date along with the invoicing cutoff date.

Operating in a manner similar to credit card invoicing, the amount due from the last invoice is shown, as well as any payments received, and a revised amount due which includes the next scheduled payment. The invoice also shows the beginning loan balance, any activity recorded since the last invoice, as well as the loan balance as it is now.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $480.00 $72.00
3 - 4 Users $550.00 $82.50
5+ Users $620.00 $93.00

#808 Year-to-Date Activity

There are several ways to review a complete loan history in RLSS software. However, the reporting requirements of funders may require reports showing activity within a given date range. This could be an issue when submitting quarterly, semi-annual, or even annual reports. It is also likely an issue during an annual audit. This supplement allows entry of a specific date range, producing a report that reflects loan activity within that range. Selection criterion allows you to limit the loans which will appear on the report, especially helpful if reporting to a specific funder. Reports can be in Detail (each activity within the selected date range itemized) or Summary (reflecting totals only for each selected loan).

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $220.00 $33.00
3 - 4 Users $250.00 $37.50
5+ Users $280.00 $42.00

#809 Escrow Analysis

Do you need to prepare an annual escrow analysis for your clients to determine if you need to increase or decrease their monthly payment amount for the upcoming year? The Escrow Analysis is designed to compute loan escrow amounts, print an escrow analysis for mailing to loan recipients, and automatically change the payment and escrow amounts in the Loan Master upon posting.

Up to five individual escrow items per loan may be specified. The required escrow amount to be withheld from each repayment is computed by taking the total amount to be paid, frequency of payment, and number of months since the last payment. In addition, it calculates what the required escrow balance needs to be as of the effective date and includes 1/12th of this overage/shortage in the escrow amount for the upcoming year so that you will have enough on hand as escrow payouts become due. You may select to Post this escrow calculation to the Loan Master, updating both the Payment including Service Fee & Escrow and the Escrow 1 Amount. The Escrow Analysis can be saved for later retrieval, editing and/or posting.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $160.00 $24.00
3 - 4 Users $200.00 $30.00
5+ Users $250.00 $37.50

#810 RLSS Books

This supplement is only available to clients using both GMS Accounting and Financial Management System and GMS Revolving Loan Servicing System. It allows the cash receipts batch entered into accounting to be pulled into the RLSS system for posting loan payments without duplicate data entry. Additionally, it allows the voucher batch to be pulled in for posting of disbursements.

Some setup is initially required: 1) borrowers are entered into the accounting program as customers or vendors, and 2) each of those customers/vendors identified as a borrower is attached to a loan ID number within the RLSS system. When the batch is posted in RLSS, the user will determine the activity period, thus ensuring the disbursements and repayments are reflected on the Monthly Activity Report for the chosen period.

It is recommended that the loan payments and disbursements are entered into a separate cash receipt or voucher batch in the accounting system. However, if mixed revenue or disbursements are included in the same batch, they can be eliminated from the posting once the batch is in RLSS. Also, separation of duties is often a part of internal control and accounting procedures, and this supplement may impact that procedure. You may want to discuss it with your comptroller or auditor prior to ordering the supplement.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $350.00 $52.50
3 - 4 Users $400.00 $60.00
5+ Users $475.00 $71.25

#813 Write-off Analysis

It is nearly impossible to manage a loan portfolio without needing to eventually write-off bad debts. Some funders require loans be written-off once they reach a specified level of delinquency, sometimes 90 days, 120 days, or another trigger point. Although loans may be written-off at any time, it becomes especially important at the end of a fiscal year. If outstanding loan balances are included in the financials as an asset account (Notes Receivable), the accuracy of year-end reports may depend on clearing bad debts.

Write-off Analysis allows you to enter a cutoff date, which creates a report that reflects loan activity through the specified cutoff date. Users then enter the range of write-off dates to be included on the report, which is especially helpful for year-end reports. The report offers the standard RLSS report selection criteria, allowing you to print for a specific fund should your funders request this information. A report reflecting your agency's total portfolio may be prepared by not limiting selection criteria when creating the report.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $200.00 $30.00
3 - 4 Users $250.00 $37.50
5+ Users $310.00 $46.50

#814 Portfolio Analysis

Managers, administrators and funders often ask for a report showing the condition of the lending portfolio in total. This supplement provides an easy-to-read report that reflects loans that are current, those delinquent 1-30 days, 31-60, 61-90 days, and so forth. The report shows the number of loans falling within each category, along with the loan balances for those loans. A calculation is provided indicating the percentage of the total portfolio for each category.

The validity of the report depends on accurate "next payment due" dates being recorded when loan activity is posted, as well as the loan's status as recorded in the Loan Master file. There are specific categories on the report for loans with the status of delinquent, default, and write-off. The report will recognize the status of the loan as it is when the report is generated.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $200.00 $30.00
3 - 4 Users $250.00 $37.50
5+ Users $310.00 $46.50

#816 Direct Deposit

Sometimes the best way to ensure prompt payment with high-risk lending is to automatically withdraw funds from your borrower's bank account. Supplement #816 Direct Deposit can assist with this process.

There are a few issues to be explored when considering this supplement. First of all, check with your bank and make certain their policies and procedures conform to your needs. For example, you will want notification from your bank when funds are transferred. Experience has shown that some banks only reflect the transfer on the end-of-month bank statement. This is usually not an acceptable timeframe, because you want to know the funds were transferred when the payment was due. Second, you need authorization from your borrowers to access their bank accounts. Check your closing documents and see if this is allowed, and if not, consider a mailing informing borrowers of your plans to begin using the supplement. Your bank can provide you with authorization forms to be completed by your borrowers, which will allow access to their account. As usual, we recommend you check with your auditor or legal advisor prior to instituting any new practices within your lending program.

This supplement will allow you to identify which loans are to be accessed, when the transfer is to take place, and the amount of the payment, or funds, to be transferred into your account. It will create a file that can be submitted to your bank detailing the transfer specifics. Loan Activity is processed for payments transferred, a report may be prepared detailing the transfer, and Loan Acknowledgement forms are available for printing. Any transfers will appear on the Monthly Activity Report with a notation that it was processed via Direct Deposit and the date of the transfer.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $800.00 $120.00
3 - 4 Users $1100.00 $165.00
5+ Users $1200.00 $180.00

#821 Loan Fund Financials

A frequent issue with non-profit lending is How much money do we have to lend? Combining lending activity tracked automatically within the RLSS software and a bit of optional data related to revenue and expense, this supplement will produce a Revenue and Expense report to assist in fund monitoring.

Not only does it produce a fund balance available for lending, but revenues and expenses are reported by current month, fiscal year-to-date, and cumulated totals. The user determines the fiscal year, inputs pertinent revenue and expenses (beyond loan disbursements and repayments) and selects an ending date. Because the user controls cutoff date and fiscal year, the report will provide timely information to assist with lending plans. It may also be helpful when reconciling lending records with your accounting system. Each loan fund can be set up to create reports specific to that fund. Reports can then be created for each specific fund, or the total lending portfolio. As new sources of revenue are found, they are easily added to the report. The process of entering miscellaneous expenses is just as easy. If accurate data is maintained, this report can provide loan counselors and managers with details of a fund's activity from its inception. It can also be a valuable tool during audits.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $300.00 $45.00
3 - 4 Users $350.00 $52.50
5+ Users $410.00 $61.50

#825 Confirmation Letters

If your agency is subject to an annual audit, you are likely required to send letters to your borrowers confirming their loan balance as of the end of the fiscal year. Supplement 825 Confirmation Letters is designed as a tool to assist with this task.

This supplement produces letters for mailing to your borrowers, specifying the loan balance as of a cutoff date. An option is available to also include loan closing date, loan amount, maturity date, payment amount and frequency, and interest rate. Opportunity is given for the borrower to indicate their agreement or disagreement with the loan balance. You can include all loans, or select by loan fund, loan number, status, or even optional field. Confirmation Letters setup allows you to enter the auditor's name and address, as well as who will be signing the letters and their title. The export feature allows you to use word processing to format as desired, which might include printing on letterhead.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $200.00 $30.00
3 - 4 Users $250.00 $37.50
5+ Users $310.00 $46.50

#827 5-Year Projections

This supplement will produce five-year cash flow projections related to your loan portfolio. It can be used to project total amount to be repaid, principal to be repaid, interest to be paid, and loan balances. Additionally, criteria may include specific loan fund, county, city, status, loan officer, loan type, or borrower type. If the information is only needed for a specific loan, that report may be produced by using the loan ID number as selection criteria.

The accuracy of the report is dependent upon accurate information within the Loan Master file, including interest rate, payment amount, and payment frequency. An amortization schedule is run using that data, along with the current loan balance, to project cash flow based on the assumption of timely payments. Although the report is usually run with a month-end or year-end cutoff date, it can be run as often as desired. Predicting cash flow can assist with future lending plans as well as expected interest income.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $250.00 $37.50
3 - 4 Users $300.00 $45.00
5+ Users $375.00 $56.25

#829 Red Flag

Red Flag provides a quick and easy way to determine if a loan is delinquent, or needs attention for other reasons. This supplement alerts the user that the loan is “flagged” by posting a red statement listing the reason at the bottom of the data entry screen in both Loan Master files and Loan Activity for any loans meeting the setup criteria. Any user with access to those programming features, whether full access or view only, can quickly see the loan needs attention. Loans may be flagged in a variety of situations:

  • All loans are flagged automatically when they become delinquent;
  • All loans within a selected fund(s) are flagged (useful if annual reports are due from those borrowers);
  • All loans are flagged that contain a yes in an optional field created for that purpose (useful for situations where a one-time alert is needed, for example, time to renegotiate the interest rate);
  • Loans are identified and flagged one by one using the loan ID number:
  • Loans within a particular status(es) are flagged.

Red Flag is accessed through the Supplement Menu, and any of the above 5 choices can be used to flag the loan. If option 1 is chosen, once the loan is no longer delinquent, the flag will cease. If options 2, 3, 4 or 5 are chosen, "clear selections" icon must be used to reset the loans.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $250.00 $37.50
3 - 4 Users $300.00 $45.00
5+ Users $375.00 $56.25

#831 Credit Bureau Report II

This supplement was designed in accordance with the specifications provided by the Associated Credit Bureau (ACB). It will create a data file that can be forwarded to the credit bureau. Although there are four national credit reporting organizations (Trans Union, Equifax, Innovis and Experian), credit bureaus are operated independently, and reporting requirements vary from one to another. For example, some credit bureaus will not accept an electronic file unless you are reporting on 500 or more loans. For this reason, we strongly recommend you contact your local credit bureau for guidance before purchasing and installing this supplement.

Metro Status Code II guidelines are used in this supplement. The program will retrieve information from Loan Master files and loan histories, and automatically assign a status code based on the payment history with special attention to the loan balance and a next due date. However, an optional field may be used to override the automatic status code. Additional optional reporting codes may be included in the data file and relate to Special Comments, Compliance Condition, Consumer Transaction Type, and ECOA codes. The borrower's date of birth may also be included. Should you desire to use any optional reporting codes, please request a listing of codes from your credit bureau. A booklet including all optional codes is also available for purchase from the ACB.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $300.00 $45.00
3 - 4 Users $350.00 $52.50
5+ Users $410.00 $61.50

#833 EDA Semi-Annual Report

Designed to assist with the semi-annual reporting requirements of EDA, this supplement moves data from the RLSS database into an Excel report template creating the .csv file for uploading. Information from the Loan Master files related to loan status, job creation, usage of funds, and loan type are utilized, along with Loan Activity records to determine dollars associated with EDA loans. The Excel format allows editing of data as you see fit.

This supplement does require you have Microsoft Excel 2000 or higher installed, and basic Excel skills. Establishment of an Optional Field to track which EDA loans are Direct and which are Guaranteed is also required.

Costs

# Licensed UsersPurchase PriceAnnual License / Maintenance
1 - 2 Users $300.00 $45.00
3 - 4 Users $350.00 $52.50
5+ Users $410.00 $61.50
 

Software Warranty and Continuing Support Services

Our software warranty and continuing support program assures that your revolving loan system will function and perform for your organization for many years to come.

GMS maintains a Service team to provide complete client support by telephone. Our Service team consists of former clients who have served in a Fiscal Officer capacity. Located in various parts of the United States, we are able to provide support and service to GMS clients in all time zones.

GMS places an exceptionally high priority on quality service. We maintain service histories on all clients, and invest in-service training to keep our staff current with GMS products.

All GMS services are provided toll free. Hours are 8:30 to 7:00 EST Monday through Thursday and 8:30 to 5:00 EST on Fridays. Service calls may be placed online, as well as by telephone, fax or e-mail. GMS policy is to respond within 2 hours or earlier depending upon the circumstances.

There are two levels to our warranty and continuing support program.

 

Basic Warranty and License

All clients subscribe to a warranty and license which includes selected services. Our commitment is that your software continues to function and remains operationally current.

Here is what the basic warranty and license includes:

  • GMS is a single user version, additional user licenses are available.
  • Software updates and upgrades will be available to keep your software functionally current with the overall GMS Revolvling Loan Servicing System.
  • Help files are provided which contain instructional usage of the GMS system.
  • News from GMS – our monthly newsletter emailed to clients and available here.
  • Toll free access to the GMS Service Staff for assistance with software operation issues.
  • Ability to attend the GMS Annual Users Financial Management Conference and specialized post conference intensives and take advantage of our user registration fees.
  • GMS Supplement Catalog and access to GMS Supplements and Enhancements.
 

Continuing Support and Service

Options are provided for continuing service – a full unlimited service program for loan and software operating assistance, or, a limited “pay as you use” assistance program.

To provide your staff unlimited support when the system is first implemented, all new users subscribe to our full service program for the first year.

These support services are provided on a continuing basis:

  • Assistance correcting user operating errors including diagnosis of problems, reconciling amounts and posting assistance.
  • Advice on all aspects of system operations including handling of specific transactions.
  • Advice on hardware.
  • Assistance to auditors in interpreting reports and functions performed in the GMS system.
  • Access to GMS knowledge and experience about loan management, accounting, non-profit financial management, federal assistance regulations and accounting and audit standards.
  • General “problem solving” support which might apply to any aspect of system operation.

Loan Master File

The Loan Master Files are the key to the rest of the system. The three screens for information pertaining to the loan and its terms keep all data that pertains to the loans.
learn more

alt

Loan Activity

Loan Activity allows loan repayments to automatically be computed based upon terms established in the loan master file.
learn more

alt

Security

With this feature you may assign levels of security to each user, or group of users, based on the menu options available.
learn more

Reporting, Amortization Schedules and Additional Features

The reports menu puts the basic reports in one easy to use menu and makes retrieving information a snap, while amortization tables can be computed for virtually any combination of terms.
learn more

Loan Master File

Masterfileborrower MasterfileStats Masterfileterms
(click above to enlarge)

The Loan Master Files are the key to the rest of the system. The three screens for information pertaining to the loan and its terms keep all data that relate to the loans. Optional fields created by your agency allow you to track additional agency-specific items. 

Characteristics of the loan such as jobs information, financing data, repayment terms, collateral type, use of funds, ethnicity, income levels, notes on the loan, escrow information are all kept in this main area. 

Multiple funding sources for loans are easily handled within each loan. Using the loan fund selection option, you can select from unlimited user-defined funding source choices. 

Drop down boxes are available for many fields making loan input quick and easy. 

City, county, funding source, status, loan type, borrower type and loan officer are user-defined, therefore, are specific to your agency. These breakdowns allow for reports to be printed in many different ways.

Loan Activity

Loan_Activity Monthly_Activity_Report
(click above to enlarge)

No function is more critical than keeping track of loan transactions - disbursements, repayments and escrows.

Loan Activity allows loan repayments to automatically be computed based upon terms established in the loan master file. Calculation of principal, interest, service fees, late fees and escrow amounts are automatic. If special terms apply, you always have the option to override the automatic calculations.

Two methods of interest computation are built into GMS-RLSS: calculation based upon an amortization table and calculation based upon number of days lapsed since last payment (daily interest method). These options are loan specific, allowing flexibility.

Also available is the ability to have certain loans on a 365 day schedule and others on a 360 day.

Monthly Activity Reporting 

GMS-RLSS may be used as a subsidiary system to an accounting system - either the GMS Accounting and Financial Management system or another accounting system.

Many GMS clients use GMS-RLSS as a “stand-alone” system . They may be local or state government agencies, or other organizations who do not maintain their own accounting systems.

The Monthly Loan Transaction Activity Report is the key to reconciling with your accounting system each month, providing the data required to prepare a journal entry. This report also serves as the proof register for all transactions entered throughout the month.

The report lists all transactions posted in the given month in chronological order and then automatically summarizes them by fund totaling principal, interest, service fees, penalties, escrow amounts, special fees, loan disbursements and repayments.

Plus, you have the capacity to track additional loan costs that you do not wish to collect interest upon nor affect the principal balance.

Reporting, Amortization Schedules and Additional Features

reportingmenurlss
(click above to enlarge)

Reporting 
Reporting is very important to your agency, and is an intricate part or the GMS-RLSS system. 

The reports menu puts the basic reports in one easy to use menu and makes retrieving information a snap. 

Standard reports include: Loan Payment Status Report, Loan File Aging Report, Current/Non-Current Balances, Analysis by Fund, Accrued Interest Report, Borrower Profiles, Portfolio Statistics, and the Monthly Activity Report. 

Every organization has its own information requirements. User defined Optional Fields in 
the master files allow you to track virtually any piece of information you may need in your 
everyday management or specific information for funding sources. All of this information is available to create reports using the Master File Query function (the report writer). 

Additional “supplemental” reports and options can be purchased from GMS and allow each GMS client to select items that are specific to his or her agency needs. 

The report can be displayed, printed or exported to any number of other software packages. 

Amortization Schedules
Amortization tables can be computed for virtually any combination of terms, including special terms such as interest only or balloon payments. Different payment amounts throughout the loan term are also accommodated.

The table criteria may be saved under a loan number or name. This means an amortization table created during an application process can be retained for use if the loan is granted and modified if needed for any purpose. 

Additional Features
Additional Features within the RLSS system include Auto Rate Change, Conversations, Loan Coupons, Late Payment Notices, Loan Catch up and Payoff, Quick Date Listings, and Acknowledgement forms.

Security

Securityrlss
(click above to enlarge)

GMS-RLSS has an internal security program that allows you to set up each user with access only to those areas they are authorized for. 

A password is set up and selections are made for each area of the system. These include master files, reports, amortization, tools, and journal entries. It is also broken down by review, edit, and create where applicable.

Access to the database can be limited to one or two persons so that your system is safe and secure.

Supplemental Add-ons

Beyond the basic GMS-RLSS system, there may be some other things you would like the system to do to fit your agency’s needs. This is where the supplemental pieces come in.

There are a number of additional items you can add at any time to meet your needs.

Creating these supplements allows us to keep the software costs down as not all agencies utilize the following items. Examples of these are available in our Sample Reports that you will find under the Reports section.

These include:

  • RLSS 1098’s
  • Direct Deposit
  • EDA Semi-Annual Reporting
  • Credit Bureau Reporting Metro II
  • 5 Year Projections
  • Escrow Analysis
  • Loan Fund Financials
  • Confirmation Letters
  • Loan Invoicing
  • Portfolio Analysis
  • Red Flag
  • RLSS Books
  • Write-off Analysis
  • YTD Loan Activity

As well as others!

Support/Training

Support/Training
GMS strives to respond to any support calls within two working hours. Full Support is required for the first 12 months of use. Pay as you use support can be implemented at the prevailing rate if agency chooses to discontinue full support after one year. You may elect to return to full support at any time.

Training
Off-site telephone installation and training are required with purchase at the prevailing rate. 4-6 hours are estimated for each installation and initial setup training. Remember to include this charge when budgeting for your software purchase. Most agencies are up and running with the help of their Help manual after telephone training. Additional telephone training is also available upon request.

License/Warranty

License & Warranty
The reasonable monthly License/Warranty fee includes updates to the software periodically, when needed and makes sure your connection to GMS resources is on-going.

Software Guarantee
If you are not completely satisfied, within 60 days of purchase, you may return GMS software for a refund of the software purchase price, less any training and conversion expense.