SYNDi Loan / Mortgage Manager Release 6.5A

Build 20230112

• Variable interest rates have been enhanced to accommodate rate changes during a billing period..
• The user can set up the interest reserve or high-risk loans for which a lumpsum prepaid interest can be entered and accumulated reserve deficit can be  calculated every month.

SYNDi Loan / Mortgage Manager Release 6.4D

Build 20191215

• On Loan Inquiry screen you can now query the status of a loan as of the specified date.
• Interest calculation for compounding has been modified to accommodate on-account receipts.

SYNDi Loan / Mortgage Manager Release 6.4C 

Build 20190701

• The Loan Inquiry screen has been enhanced to list billing records. You may select Transactions of Billing to display the list. The screen can be maximized to display more transactions per page. The Print function displays a dialog box to indicate whether the the user wants to print transactions or billing records or both.
• There are two options available now in 360-Day Calendar. 30/360 and Actual/360. In case of 30/360, the number of days between two dates is calculated assuming that each month is 30 days long. In Actual/360 method, the number of days is the actual difference between two dates. The annual interest is divided by 360 to get daily interest and then multiplied by the number of days.
• If a borrower has overpaid, resulting in credit balance, you may refund the excess amount. SYNDi debits Borrower Receivable and credits Bank. If SYNDi is interfaced with Sage 300, it sends a MIscellaneous Payments record to Sage 300 A/P module.