The Lincoln Data Suite is a comprehensive contract collections solution, designed to streamline the management of seller-financed loans. Our software leverages advanced technology and a user-friendly dashboard for servicers, title and escrow companies, and other financial institutions.
The Essential Suite offers payment processing, data import and export, account management, and reporting capabilities with ease and precision. The intuitive interface simplifies daily operations, reduces manual errors, and improves overall productivity.
Our software provides both essential tools and a-la-cart, premium modules required for efficient contract collection and loan servicing.
Our software streamlines the entire payment processing cycle. It supports daily entry of payments through Daily Payment Entry (DPE) module, ensuring all transactions are accurately recorded. Users can print journals for each batch of payments, calculate interest and principal disbursements, and generate receipts and notices efficiently. The system also includes features for handling adjustments and printing disbursement checks, significantly reducing manual workload and errors.
The system offers robust data import and export capabilities, allowing seamless integration with other financial systems. It can generate export files for disbursements and payments, supporting both comma-delimited and fixed-field formats. These files can be imported into ACH communication programs, enabling secure transmission of payment data for electronic credit or debit transactions. This functionality ensures smooth data flow between your system and banking institutions, reducing the need for manual data entry.
Managing account information is simplified with our intuitive interface. Users can search and access detailed account setup, payment, and balance information. The system supports multiple search criteria, including name, address, tax ID, and account codes. It also provides secure, password-protected online access to loan data for sellers and buyers, facilitating easy and immediate access to account information.
Our software generates comprehensive reports to support various business needs. Key reports include the Daily Payment Journal, Batch Calculation Summary, and Daily Trial Balance. These reports help verify payment accuracy, reconcile balances, and provide detailed transaction histories. The system also supports customizable reports for disbursements and fees, ensuring that you have the information you need to manage your operations effectively.