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Revolving Loan Servicing System

MainScreenRLSS

GMS-RLSS maintains loan profile data, records loan transactions, and meets the reporting requirements of state and federal programs. GMS-RLSS is specifically designed for organizations who must keep track of information for different funding sources — even for multiple funded loans.
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Loan Master File

Masterfileborrower 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.
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Loan Master File

MasterfileStats 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.
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Loan Master File

Masterfileterms 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.
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Loan Activity

Loan_Activity 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.
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Loan Activity

Monthly_Activity_Report 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.
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Reporting, Amortization Schedules and Additional Features

reportingmenurlss

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.

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.
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Security

Securityrlss

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.

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