Revitalize Your Charge Off Loans
The Charge Off Loan Tracking (COLT) System from
Lowenstein and Associates, PC. is a computer based system designed to help the
banker revitalize loans which have been charged off. COLT will actively
monitor those often forgotten charge off loans and give the banker complete
control over the information required to pursue collection of these loans.
COLT was co-designed by bankers and CPA's to ensure
that proper control over performance information and accounting information is
maintained and that this information is both readily available and accurate.
Date sensitivity and reporting flexibility were
major design issues of COLT. Information may be retrieved in detail or
summary, at the transaction, loan or customer level, and for any range of
dates, loans or customers. COLT provides each user with only the
information needed at any particular time.
Key Benefits of COLT
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 Transactions may be entered
to reflect customer loan payments of principle or interest
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Legal fees and collection fees may be charged directly to customer loan
balances
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Multiple interest accrual methods are supported
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Interest accruals and loan payoff information are calculated as of any given
report date
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Loans may be set up with special repayment terms and restructured at any time
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Track charge-off loans by officer or loan type
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Flexible repayment terms
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Unlimited variable interest rate indices
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1099-C laser forms and magnetic reporting to IRS
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Customer repayment performance is monitored via accounts receivable and
delinquency reports
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Board of Directors' recovery reports are produced in detail or summary for any
range of dates, which recap all collections of principle, interest and fees
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Loans may be flagged as "closed" due to pay off or bankruptcy
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Bankruptcy customers may be retained for future reference
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Flexible reporting engine which creates a vast array of information for gaining
control over charged off loans
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Tickler file reports remind you of customer, loan and collateral review dates
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User defined letter and invoices allow you to stay in touch with your customers
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Password protected by user function
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Data entry worksheets facilitate keying of data and reduce data entry errors
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Over 20 years of satisfied customers
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COLT is extremely user friendly
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Operate in a stand-alone, LAN, or WAN environment
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