Our Software
Contract
Collection System
Lincoln Data’s Contract Collection System is a Windows software package designed for commercial banks, title companies, escrow companies and private lenders who service seller-financed mortgages, trust deeds, real estate contracts and other installment notes. This system is installed nationwide and offers accounting efficiency to firms servicing a few hundred (to many thousand) collection accounts.
Features
Comprehensive Reports
- Trial Balance
- Investor Reports
- Year-End Statements
- IRS 1098 and 1099 Forms
- IRS Electronic Filing
- Tickler Memo Reports
Inquiry Of
- Account Status and Balances
- Account History Ledger
- Payment Disbursement Ledger
- Contract Tickler Memos
- Payoff Quotations
- Amortization Schedules
Payment Processing
- Daily or Monthly Interest
- Tax and Insurance Reserves
- Late Charges
- Payment Coupons
- Buyer/Seller Payment Notifications
- Delinquent Payment Notices
Data Import/Export
- ACH Debits (payments)
- ACH Credits (disbursements)
- Email Receipts
- Annual Statement Printing
- Internet Inquiry
- Cleared/Issued Checks
Options
These choices allow you to select the most cost-effective software for your organization’s needs. By providing these as options, you are not paying extra for software features or support you wouldn’t use.
Bank Reconciliation System
The Bank Reconciliation System is for firms that issue many checks and will reduce time required for balancing bank accounts. It interfaces with the WCCS database to automatically transfer checks issued by the system into a separate check reconciliation file for the trust account. “Point and click” and “range” clearing features allow fast and efficient check reconciliation.
Email Receipts
The email service provides buyer/seller statements by email and greatly reduces postage, forms and labor costs.
ACH Interface
The ACH Interface allows funds to be transferred electronically. Use of ACH eliminates mailing checks to a seller or their bank and also allows payments to be made electronically. Using ACH electronic funds transfer reduces postage and paper costs and improves posting efficiency.
www Branch Internet Inquiry
The Internet Inquiry Interface and host service provides "inquiry only" access to WCCS data linked to your website. It allows password-protected inquiry and printing for your sellers and buyers who want (7 day – 24 hour) Internet access to their loans.
System Requirements
The Windows Contract Collection System is installed on Windows7 and newer versions including Windows10. Terminal Services is also supported. A laser printer is required. Disk storage requirements vary by the number of years’ payment history kept online and the volume of imaged documents stored.
Types of Loans Serviced
Mortgages
Trust Deeds
Real Estate Contracts
Mortgages
Trust Deeds
Real Estate Contracts
Mobile Home Loans
Mobile Home Loans
Land Contracts
Rents and Leases
Land Contracts
Rents and Leases
Demo our Software For Free!
If you’re interested in finding out more about our Contract Collection System software, we’re more than happy to schedule a free, no-obligation demo with you. Give us a call or fill out our contact form today and we’ll set up an appointment that is convenient for you!