AXCESS Residential Loans Software
AXCESS Residential Loans Software are used in both Australia and overseas to manage both prime and sub-prime residential, owner occupied, housing loans. In each case AXCESS has been personalized/customized to incorporate the end user’s business processes as well as the compliance and appropriate governance requirements of each jurisdiction.
The loans can be Principal & Interest or Interest Only with interest being calculated in arrears or in advance. Repayments can be managed weekly, fortnightly, twice monthly, monthly, quarterly, half yearly or annually.
Interest can be accrued or capitalised to the loan account.
Arrears and any associated penalties for late payment can be managed according to the end user’s requirements.
Interfaces to external parties such as Credit Bureaus, banks for Direct Debits and Credits etc, General Ledgers.