Why Firms Choose the LINCOLN DATA Contract Collection System
FLEXIBLE SOFTWARE FEATURES: The Windows CCS has features to easily handle late charges, multiple disbursements, reserves (including reserve analysis) and complex IRS reporting needs. These features and comprehensive portfolio reports are the reasons so many contract investors use our software. To the title or escrow company it means you can offer better service to attract closing and title order business from developers and private lenders.
CLERICAL EFFICIENCY: Spend less time doing non-productive tasks due to ease of balancing and customer inquiry. Accounts can be quickly located by (full or partial) name, address, tax number or “additional name” when you don’t have an account number. Integrated image management allows easy access to loan documents and correspondence. Optional Bank Reconciliation, ACH and Internet inquiry interfaces further improve efficiency. We now offer the ability to email payment receipts and notices. This can substantially reduce the costs of postage, forms and labor associated with payment servicing. All WCCS customers receive Internet or telephone training from accounting oriented instructors.
Our modern design allows loan and customer information to be accessed from a single screen. Selecting tabs within the screen enables you to add, edit, view or print current loan data without accessing other programs. The “Documents” tab provides the ability to view or print real estate document images right from your desk. Easy access to “previous year” transactions allows fast viewing or printing of prior year ledgers. Convenient “help tips” are just a single click away and display immediate descriptions for data entry fields.
AUDIT & CONTROL: Interactive batch processing allows you to balance all work prior to printing checks or updating files. Interest calculations and disbursements can be viewed while posting, and also for previous payments. Transaction history can be adjusted but never erased. This protects you from error or fraud and complies with common audit standards. Automatic payment reversal provides a complete transaction record on the ledger. Password security and file maintenance history features add further management control.
You control your customer’s financial privacy as all data is located on your computer system. If you use Lincoln Data’s “wwwBranch” Internet inquiry service the host is a secure server and data is not shared. Data uploaded to the host computer system is encrypted and includes no sensitive financial information such as social security numbers or bank account numbers.
LARGE CUSTOMER BASE: Because we support many installations, you benefit from:
1. Lower cost software support and a reference manual
2. Multiple experienced support staff with most calls taken real-time
3. A stable business partner specializing in contract collection software
About Us: Lincoln Data was incorporated in 1983 in Spokane, WA after the founders designed a PC-based loan servicing system for managing seller-financed loans. As an independently-owned software company, Lincoln Data provides software, training and support to firms with a need to service seller-financed loans. We do not buy notes and do not link the use of our software with note solicitation. Our company should not be compared with investment companies who may offer contract collection software or provide contract servicing primarily as a means to gain access to the owners of seller-financed notes.
Contact Lincoln Data if you would like more information or to view an Internet demo. WCCS has many unique features that cannot be adequately evaluated with a simple list of features. The demo utilizes live software with sample data so you receive a detailed overview of the system.