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Add-On Modules

Add-on modules are available for all editions of DownHome Loan Manager. Your specific lending environment should dictate which modules are critical to your mission.  DLM is flexible; you can add modules as your program expands to meet your requirements and your budget.  Notice in the chart below that some desktop add-on modules have been incorporated into the core feature set of DLM Cloud.  Some modules have not yet been completed for the Cloud Edition; for these we have provided estimated release dates.

Pricing for the cloud is by monthly subscription; for the desktop by license and annual service contract.

If you need mission-critical modules that are not yet offered in the cloud, we suggest that you start with one of our install-based desktop editions.  When the modules are available, we’ll make the transition easy if the cloud is where you want to go.  Your financial investment in the desktop will carry over to the subscriptions and services you order from our cloud-based system.

Available in Cloud Cloud Subscription Desktop License
ACH Module $15 $500

Allows you to post EFT and automated payments in one batch routine
Tag loans to include in ACH routine; choose posting date for the batch; review and edit payment amounts prior to posting

Creates NACHA files to upload to your depository bank(s)
Prepare one or more NACHA files to upload to your organization’s depository bank; eliminate double-entry in banking software

Creates Reports
Create, print and save the list of posted transactions; use rollback feature for corrections

Adjustable Rate (AR) Module $15 $250

Allows you to adjust interest rates according to a periodic schedule
Tag individual loans as AR loans (others will not be adjusted); adjust the interest rate for designated loans on a periodic basis (quarterly, annually, etc.); perform rate adjustments for all AR loans in a single batch operation

Implements “Prime Plus” loan rates, provides two adjustment factors:
– Common Base Rate factor (e.g., pegged to a published index such as the Prime Rate)
– Individual Plus Rate factor which may be set differently for each AR loan

Assistive Technology Module TBA $40 $750

Stores specialized data for assistive technology clients
Store all the information you must report on your AFP clients in an integrated loan tracking system; eliminate the need to re-enter data in more than one database system

Conforms to the new reporting requirements for Telework and AFP
List devices financed, disabilities addressed, and financing obtained; conduct required follow-up surveys of assistive technology clients; produce summary reports displaying AT demographics

Capital Manager Module TBA $30 $1,800

Tracks sources of capital
Track your organization’s sources of lending capital; track matching requirements for capital commitments from these funding sources

Monitors the organization’s repayment requirements
Analyze the organization’s repayment requirements back to source; monitor the performance of the master loan account and participating loan funds

Tracks transfers between RLF and LLR accounts
Track the flow of funds within the Revolving Loan Fund (RLF) accounts and Loan Loss Reserve (LLR) accounts

Produces master balance and cash flow statements
Monitor cash flow for each Revolving Loan Fund (RLF) and Loan Loss Reserve (LLR) account; analyze funds available to lend; monitor funds committed but not yet loaned

Analyzes Earnings Performance of the Portfolio
Analyze the spread between your cost of funds and the earnings performance of the loan portfolio; track the generation of excess earnings that may be captured as program income

Transmits transaction-level data on all community loan fund accounts

CDFI Reporting Module $10 $575

Reports electronically to the CDFI Fund through its CIIS system
Store information on all transaction-level data required by the new CDFI reporting requirements; conform to specialized demographic categories outlined by CDFI manual

Transmits transaction-level data on all community loan fund accounts
Comply with the CDFI’s preferred reporting format (XML) for electronic reporting; upload data directly to the CDFI website; print reports summarizing data transmitted to the CDFI

Client Manager Module $20 $575

Documents the technical assistance (TA) you provide your clients
Keep track of the TA hours you provide; enter full narrative descriptions of the TA task you perform for each client

Helps you analyze your TA performance and plan for the future
Produce summary reports by client, by staff, or by type of technical assistance; analyze how much time you spend on each type of TA; monitor your technical assistance plans

Allows you to define your own outcomes and track the associated TA hours
Create outcome categories (such as job creation, revenue generation); monitor and analyze TA hours

Credit Bureau Reporting Module $20 $675

Reports electronically to major credit bureaus
Report credit history of all your borrowers on a timely and regular basis; comply with Metro II le format (required by all national bureaus: Equifax, Experian, Innovis, TransUnion); review the credit file in detail prior to submitting it to the bureaus

Helps your clients establish conventional credit
Guide your clients into the economic mainstream by reporting on their performance in your lending program

Additional requirements
Unless they are large enough to report independently to the credit bureaus, organizations may be required to report through Credit Builders Alliance (CBA) which was set up to assist community lenders

Contact CBA for membership and services
www.creditbuildersalliance.org

Escrow Module TBA $35 $1,200

Integrates escrow requirements into loan repayment terms
Define escrow categories (such as taxes, insurance, management fees); post payments automatically to escrow reserve

Monitors escrow reserves and repayment obligations
Monitor escrow account balances for individual borrower accounts; analyze escrow reserves by loan fund or entire portfolio

Fee-Based (riba-free) Loan Module $5 $250

Manages fee-based loans that do not charge interest
Tag loans that follow fee-based rather than interest-bearing terms; follow Islamic banking interest-free (riba-free) lending practice

Assesses periodic fixed fee
Enter periodic fixed fee on the loan terms screen; fixed fee is automatically assessed with transaction postings

Produces billing statements that reflect fee-based schedule
Produce billing statements that display periodic fee charges rather than interest

Flexible Schedule Module $5 $500

Accommodates a variety of repayment schedules
Handle weekly, bi-weekly, monthly, semi-monthly, quarterly, semi-annual or annual repayment schedules; automatically calculate correct billing dates; choose between a simple (daily) interest formula or a fixed interest schedule; produce amortization schedules that follow the specified repayment terms

IDA Savings Module TBA $75 $2,500

Tracks all aspects of your IDA program
Define the savings purpose and dollar goal of your IDA participants; monitor the savings deposits and balances for each of your IDA savers; keep track of your organization’s match obligation; monitor assets purchased through IDA savings and matching funds

Imports savings data from participating bank(s)
Import monthly savings account data from your participating banks; import your bank-supplied electronic file with savings deposit details directly into DLM; eliminate manual data entry

Reports on IDA progress and outcomes
Report on the demographic characteristics of your IDA participants; show the on-going progress of your savings program; display savings goals met and outcomes achieved as a result of your efforts

Integrates tightly with other DLM modules
Monitor lending, IDAs and enrollments all in one database system

Line of Credit/Interest-Only Module $5 $200

anages loans that require interest-only payments
Tag loans that follow an interest-only payment schedule; accurately accrue daily interest for multiple disbursements

Adjusts interest-only payment amounts
Run a batch processing routine to adjust interest-only payment amounts; produce accurate billing statements; choose whether to force over-amount payments to be applied fully to interest

Loan Loss Reserve Module $5 $225

Allows you to set different loan loss reserve requirements for each loan
Assign the percentage required for loan loss reserve according to the risk factors you establish for your portfolio

Monitors overall loan loss reserve requirements for the entire portfolio
Monitor the reserve requirements for each loan fund and the portfolio as a whole; analyze whether current loan loss reserves are sufficient to cover the risk factors

Office of Refugee Resettlement (ORR) Reporting Module TBA $15 $1,000

Documents client enrollments, progress tracking, and specialized TA
Enroll clients in multiple training programs; log technical assistance activities and hours by program, staff, client and business; record business development and surveys; enter clients’ progress in meeting program goals; report on program outcomes to ORR, MicroTest and others; instantly produce comprehensive demographic reports, assistance reports, and outcomes

Integrates with Loan Tracking
Track ongoing loan performance; seamlessly integrate with all other DLM modules

Outcome Tracker Data Exchange Module $15 $500

Easily transfers data between the two database systems
Integrate loan account data from DLM and client information from Outcome Tracker, produced by VistaShare (www.vistashare.com); use Outcome Tracker to correlate DLM loan data with a wide range of client-based data; eliminate the need to re-enter data in more than one system

Offers the benefits of another web-based hosted solution
Access summary loan data from anywhere using Outcome Tracker’s web interface; monitor complex organizational relationships, including loan performance

Participation Module $30 $1,200

Creates participation loans from multiple loan sources
Disburse funds from multiple loan programs; define separate terms for each participation loan; issue a single bill to the borrower that reflects the master participation loan; override set terms and payment allocations when necessary

Tracks repayments to multiple funding sources
Apportion repayments to each participating loan fund; monitor the performance of the master loan account and participating loan funds

Produces reports
Create transaction reports by subloan and by master participation loan

Pipeline Module $10 $450

Keeps track of all loan inquiries and loan applications
Integrate fully with existing borrower tracking in DLM

Defines key stages of progress from inquiry through loan approval
Define milestones along the application process (examples of milestones: inquiry, application received, under review, approved, deferred, denied, withdrawn, etc.)

Monitors each applicant’s progress through stages
Tag stages of development for each applicant and record contact dates

Produces reports on all applicants in the pipeline
See who has inquired and how many applicants are in each stage of development; inquire by date range or application stage

Projected Earnings Module 0 $125

(included in Cloud Edition Analytics package)

Calculates current interest accruals
Calculate interest accruals for each loan account; display accruals by fund or for the portfolio as a whole

Forecasts future portfolio earnings
Forecast interest earnings, principal repayments and ending balances for any range of months; print summary reports by loan fund or entire portfolio

Quickbooks Interface Module Q4, 2017 $20 $725

Exports your financial data from DLM directly into QuickBooks
Include transaction, loan and customer-level data; match up fund accounts in your existing QuickBooks company file, or have DLM set up accounts for you; match up fund accounts in your existing QuickBooks company file, or have DLM set up accounts for you; synchronize data whenever you choose; prepare sales deposits and receipts for easy review within QuickBooks
Compatible with QuickBooks 2008 or higher

 

SBA Microloan Reporting module $30

Reports electronically to the SBA through its Microloan Program Electronic Reporting System (MPERS). This module will lighten your burden by taking the information you’ve already entered in DLM and exporting it into XML formatted files that can be uploaded to the new MPERS website portal. DLM’s module will prepare the following critical reports:

Submits Loan Origination File.  Submits required information on the borrower, the business, and the details of the microloan itself. It will validate that all the required demographic information about the individual borrower and the business has been submitted, as well as the essential loan characteristics (e.g., approved amount, closing date, interest rate, etc.).

Loan Servicing File. Updates all of the active SBA loan accounts previously entered into MPERS with latest balances, delinquency status, and outcomes such as job creation and improved revenue. The module will also gather up information about loans that terminated during the reporting period and report on their final outcomes.

Trend Analysis Module 0 $275

(included in Cloud Edition Analytics package)

Performs trend analysis for selected range of months
See portfolio at-risk trends month by month over selected range of months; see amount and percent of portfolio risk, month by month; see average monthly fund balance; see loan loss rate for this period of time

Tabulates historical data through selected date
Tabulate total loans issued, funds approved, funds disbursed; list number of loans paid in full; list number of loans charged off, dollar amounts charged off, and percent of portfolio lost; calculate total dollar amount of repayments received (by fees, interest, and principal); calculate average loan size, term, and interest rate over the life of the fund(s)

Cloud Edition Analytics Package $10

Includes Projected Earnings module and Trend Analysis module
For details, see Projected Earnings Module
For details, see Trend Analysis Module
Graphics and charts are also being developed to provide a visual representation of trendline data

Miscellaneous Custom Projects (call for quote)

Custom design
We offer custom design services to meet specialized needs not covered by our standard modules. We can create custom data fields, data entry forms, reports, etc.

Data conversion
Moving from another database or in-house information system? Let us convert your existing data and import it into our DownHome Loan Manager database to make your transition flow smoothly.