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Revolving Loan Servicing System

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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.

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.

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.

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.

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.

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.

Reporting, Amortization Schedules and Additional Features

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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.

Security

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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.

GMS Revolving Loan Servicing System

Micro-loan programs, economic development and community development loan programs find GMS Revolving Loan Servicing software the complete, reliable and affordable way to organize loan portfolios.

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 that must keep track of information for different funding sources — even for multi-funded loans.

Loan files capture statistical, demographic and financial data for reporting and include user defined fields.  "Master Query" allows you to create hundreds of special reports that can be saved and used month after month. Produce mailing labels, rosters, spreadsheets, counts and tickler lists. 

Escrow funds collected and disbursed are also easily tracked. 

Repayments and disbursements are easily recorded and loan-to-date histories instantly retrieved.

Complete reports may be produced for Board, management and funding sources anytime — all loans, by city, county, funding source, loan status, loan officer, loan type or borrower type. 

Integrate GMS-RLSS with the GMS Accounting and Financial Reporting System or operate GMS-RLSS as a stand-alone system. 

Use GMS-RLSS to effectively and efficiently manage your loan portfolio — whether you have 10 loans or 1000.

GMS has been providing quality loan servicing software for non-profit agencies such as community action, economic development, community redevelopment, housing and virtually any type of agency that administers loan programs and are in need of high quality portfolio management and reporting for funders since 1985. Our clients will tell you, GMS has a clear understanding of their distinct management needs. 

GMS Revolving Loan Servicing Software (GMS-RLSS) will be the final investment your agency will need to make. 

We recognize the successful operations of an effective, efficient portfolio management system requires more than superior software. That is why we provide a comprehensive, flexible program of support and services to meet your individual needs. Your needs can best be met by service and support staff who are familiar with loan servicing and nonprofit accounting and financial reporting requirements. 

GMS is an employee owned company and will strive to meet the high demands of your organization. 

We are not Resellers 

GMS developed the software. On the surface this may not seem like an important point, but it saves money, time and frustration. 

Because we developed the GMS-RLSS software, our staff is best at determining and implementing your organization’s special requirements. No delay, no guessing, no surprises. Our staff is able to work quickly, efficiently and precisely to make the system work for you. 

Getting up and running with GMS-RLSS is easy with the built in Build History function. You will have the choice as to how to convert prior activity on a loan by loan basis. You may either put the history in line-by-line of payment with complete breakdown, or you can pick a date to start to come forward from a lump disbursement and repayment. All your statistical data will then be picked up in your reporting. The third option for closed loans that need to be accounted for in statistical reports but have all the transactions already calculated and the loan closed out, is to do a lump sum for disbursements and a lump sum repayment to zero it out. All your statistical data will then be picked up in your reporting. 

Up to 6 hours of telephone training is budgeted with the software costs. This means that staff are not alone when learning the system. 

With GMS you will always have the knowledge of service and support behind you all the way. Your full service support contract guarantees there is always someone to call for help. 

At the time a new GMS client signs a contract for the GMS-RLSS software, the contract price is based on a grouping of the number of licensed user names. For example, purchase price groups are 1-2 users, 3-4 users and 5+ users. At a later time, the client may request to purchase one or more additional licenses. If the total number of licenses requested places that client in a higher purchase price group, they would be billed for the difference in the group price. A contract addendum will be sent for their signature. The monthly license would increase by the number of licensed users. However, no refunds will be given on the purchase price if the present number of licenses decreases to a lower purchase price group.


Designed for Non Profit Organizations

The GMS Revolving Loan Servicing Software is a complete package which provides one of the most powerful portfolio management tools you can find. Designed to handle virtually any loan program, it provides the day-to-day needs of portfolio management as well as complete reporting capabilities.

Micro-loan programs, economic development and community development loan programs, as well as many others, find GMS Revolving Loan Servicing software the complete, reliable and affordable way to organize loan portfolios.

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. Use GMS-RLSS to effectively and efficiently manage your loan portfolio - whether you have 10 loans or 1000.