RESOURCES
HOW TO INSTALL LOANASSISTANT™
1. If you haven't done so already, install your version of QuickBooks®.
2. Download the LoanAssistant test installation package. Click Save in the File Download window. If the system indicates that this is an unknown source, click OK to continue download. The download might take a few minutes, depending on your Internet connection speed.
3. Run the saved setup file.
Attention Windows 7 users: Right-click on the saved file and select Run As Administrator from the drop-down menu.
4. Follow the onscreen instructions to complete the installation. Note that the default password is admin.
CONNECT LOANASSISTANT™ TO THE BOOK
1. In the Start/All Programs menu on your computer, find and select LoanAssistant.
2. After the software has loaded, enter password “admin” and press Enter.
3. In Select QuickBooks® Company window find the QuickBooks® Company you created and click Open. You will automatically be switched to the QuickBooks® Company.
4. Choose Yes, always; allow access even if QuickBooks® is not running and click Continue → Yes → Done.
5. You will be automatically switched to LoanAssistant. Select Set New Book Attributes window. We recommend keeping Default Accounts Name and Read Only options.
Choose an appropriate option of using income Sub-Accounts (see onscreen instructions). You cannot reset the Sub-Accounts option after you connect to a book, please be sure to select an appropriate option before proceeding. Click OK.
6. At this point, you will have completed the LoanAssistant installation and connection to a QuickBooks® Company.
VIDEO TUTORIALS
Loan Assistant - High-Level Design and functionality
Join us as we explore the high-level design of LoanAssistant software, a powerful tool for
efficient loan management.
How to Install LoanAssistant
This guide will lead you through the steps needed to install LoanAssistant for QuickBooks® Desktop or Online. Now you will be able to confidently manage loans.
Create New QuickBooks Company Connection (Desktop)
In this tutorial, we'll walk you through the process of creating a new QuickBooks company connection in LoanAssistant™ (Desktop Version).
Create New QuickBooks Company Connection (Online)
Starting over fresh? This tutorial will demonstrate how to open a new book (company) in the online version of the LoanAssistant.
Create New Stand-Alone Company Connection
(no QuickBooks )
Starting over fresh? This tutorial will demonstrate how to open a new book (company) in the online version of the LoanAssistant.
How to Set Up
a New Loan
It is simple to set up a new loan with LoanAssistant. This demonstration will take you through entering all the details to set your loan tracking. Whether you're dealing with auto loans, mortgages, or any other type of loan, LoanAssistant™ simplifies the entire process.
How to Set Up
a New Credit Line
Whether you're a financial professional or a user looking to manage credit lines efficiently, this step-by-step guide will help you navigate the system with ease. We cover everything from entering client details to setting up the credit limit. Watch this video and streamline your credit line management today!
Prospect Loans & Credit Lines in LoanAssistant
Learn how to efficiently track and organize your loan prospects, manage active loans, and handle credit lines all within the LoanAssistant™ platform. This tutorial is perfect for those looking to streamline their loan management processes and improve their financial operations.
Create and Manage Construction Loans in LoanAssistant
Whether you're a beginner or have some experience, this video will walk you through every step of the process, from setting up loan details to tracking payments and managing disbursements. By the end of this video, you'll be equipped with all the knowledge you need to handle construction loans efficiently and confidently.
Create a New Customer/Borrower in LoanAssistant
This tutorial will walk you through each step to ensure you can efficiently add new entries to your loan management software. Perfect for both new users and experienced professionals looking to streamline their workflow. Watch now and get started with managing your loans more effectively in LoanAssistant!
Change & Modify Loan Settings in LoanAssistant
Learn how to change and modify loan settings in LoanAssistant. This step-by-step tutorial covers everything from adjusting interest rates to updating loan terms and conditions. Perfect for loan officers, financial advisors, and anyone involved in loan management, this guide ensures you can tailor your loan settings to meet specific needs.
How to Make a Loan Payment
Learn how you'll be able to quickly report a loan payment in LoanAssistant and always keep your records current. Stay on top of your finances with these practical tips and tricks. Perfect for anyone looking to improve their financial management skills!
Delete or Reverse Loan Transactions in LoanAssistant
This video will guide you through the process of deleting or reversing loan transactions in LoanAssistant. Whether you need to correct an error or simply manage your records, this tutorial will show you how to efficiently handle loan transactions.
How to Receive Partial Payments Using LoanAssistant
In this tutorial, we'll guide you step-by-step through the process of receiving and managing partial payments using loan servicing software. Whether you manage multiple loans or a single borrower, this video will help streamline your process and ensure accurate record-keeping.
Manage IRS 1098 and 1096 Reporting in LoanAssistant.
Create and manage IRS Forms 1098 and 1096 within LoanAssistant. Ideal for financial professionals and loan administrators, this video will help you ensure compliance with IRS reporting requirements. We'll cover everything from entering the necessary data to submitting the forms correctly. Stay compliant and streamline your tax reporting process with LoanAssistant.
Delete Loan or Credit Line in LoanAssistant.
In this video, we’ll walk you through the step-by-step process of deleting a loan or credit line in LoanAssistant software. Whether you need to correct an error or remove outdated entries, this guide will help you manage your records
New Feature Coming Soon
NACHA ACH Processing
Discover how to leverage NACHA ACH functionality directly within LoanAssistant for efficient billing and payment management.
New Feature Coming Soon:
QuickBooks Invoicing
Discover how to leverage QuickBooks' invoicing functionality directly within LoanAssistant for efficient billing and payment management.
Welcome to the Resources page from LoanAssistant. Here you can find out about the types of loans that we support and the services we render, together with tips to guide you in picking the best financing options and tutorials to help you set up your system.
Whether you are a financial institution looking to make your loan servicing process easier or an individual lender in pursuit of the best loan management or loan servicing products, our resources are here to arm you with the information and tools for the task.
See how LoanAssistant will make loan servicing easy!
Types of Lending LoanAssistant Was Designed to Service
We understand that different financial institutions needs call for different loan servicing solutions.
Through our loan servicing software, we offer different types of loan servicing parameters that are aimed at meeting certain financial institution goals.
Listed below are popular options:
Auto Loans, RV Loans, Boat Loans
It refers to the loans taken with the objective of purchasing or refinancing vehicles such as cars, RVs, boats and motorcycles.
LoanAssistant software supports applying for automotive loans, boat loans and RV loans, handling their repayment schedules, and legal compliance.
Microfinancing
Small loans provided to individuals or small businesses that lack access to regular banking services.
Ease of making a Microloan application with regulated special information according to the client data set.
Commercial Lending
Business loans for expansion, working capital or equipment purchase.
We provide underwriting tools, approval, and management of the different repayment structures.
Commercial lending loan servicing is available at LoanAssistant.
Mortgage Loans
Loans to purchase or refinance real estate, including homes, land and commercial properties.
Our software speaks for the mortgage process as a whole: its basis includes payments management to the opening of an escrow account.
Small Business Loans
Small business loans, such as SBA loans and business lines of credit.
LoanAssistant makes the application, approval and servicing process easier, helping small businesses get funding. It also provides better user experience.
Equipment Financing
A loan or lease dedicated to the financing of business equipment.
The services of payment and amortization schedule handlers are provided by our platform.
Construction Loans
Loans for ground-up construction and major renovation.
Our software manages draw schedules and disbursements.
Private Lending
Private source financing generally consists of bridge and hard-money loans.
We provide tools to manage custom loan products for private lenders.
Asset-Based Lending
Loans collateralized with inventory or accounts receivable.
LoanAssistant software supports both collateral tracking and valuation.
Medical Procedure Loans
Medical expense loans and patient payment plans for medical procedures or dental work.
Our flexible financing solutions represent financing in a flexible arrangement to streamline repayment plans.
Credit Lending
Loans to individuals based on their credit, such as personal loans and credit cards.
Our consumer-loan-delivery technology optimizes the consumer loan life cycle in retail lending.
Our Solutions
LoanAssistant provides a digital solution for financial institutions to automate, manage, and systemize the full cycle of loan servicing. We serve on both the institutional lenders and individual lenders sides of loan management, ensuring smooth and compliant operations.
Core functionalities include:
- Automated Loan Servicing.
- Collateral Management: The efficient tracking and valuation of the underlying collateral assets.
- Manage and release construction project funds in a timely and efficient manner.
- Payment Processing and Tracking: Streamlined process of taking payments and tracking the performance of the loan.
- Compliance Updates Management: ensuring adherence to all federal and state laws.
For more information or to see how the LoanAssistant solution can be tailored to meet your specific loan processing needs,
contact us today.
We're ready to help you develop your business with new, efficient, and cutting-edge solutions!
Our Services
LoanAssistant helps you get the very most out of our loan servicing software. Whether you are a private lender or any type of financial institution, LoanAssistant will help make your loan servicing easy and efficient, especially when used with QuickBooks®.
Loan Servicing
LoanAssistant easily handles multiple loans and credit lines. With our solution, you can know the balance of your loan, schedules for payments, and information about the borrowers—all in one place. From either side of the equation, be it lender or borrower, our platform provides end-to-end smoothness.
Seamless QuickBooks® Integration
LoanAssistant is the only loan servicing software add-on to QuickBooks®, that integrates fully with both the Desktop and Online versions.
It makes your loan data synchronize directly to QuickBooks®, so your financial records are current and accurate.
If you don't want to use QuickBooks®, we have a stand-alone version available as well.
Reporting Features
Stay on top of your loans by using LoanAssistant's full-featured reporting. Create custom reports regarding loan performance, payment history, and more. The reporting at LoanAssistant allows you to do detailed individualized reporting in order to meet your needs for both internal use and to present to investors.
Flexible loan servicing support
Many types of loans, including credit lines, business loans, and mortgages, can be serviced using LoanAssistant with the flexible options.
Interest Calculation Options
We know that various loans require different methods for calculating interest. LoanAssistant offers a number of variations: Actual/365, Actual/360, and 30/360.
This flexibility allows you to compute the interest correctly, as per your loan agreements, and stay compliant and clear.
Investor tracking and reporting
It has investor tracking features for people who handle loans with multiple investors. With LoanAssistant, it is very simple to keep investors informed and satisfied by tracking and reporting on their investments, returns, and distribution.