SYNDi Loan Manager manages loans with single or multiple investors. It is used primarily by Lenders, Lawyers, Mortgage Brokers and Syndicators. In a typical scenario, the user sets up investors, advances the loan amount to the borrower, receives payments on monthly basis and distributes them to investors after deducting a percentage from the interest amount as the management fee. The system automates the loan management cycle and maintains relevant records until the loan is paid off. SYNDi handles all loans including mortgages that are payable in installments (interest only or amortized over a period with a balloon payment). SYNDi cuts down paperwork and saves time so that you concentrate on marketing while SYNDi takes care of managing the loan cycle.

SYNDi is now integrated with QuickBooks

 


 

 

 

Three Editions of SYNDi Loan Manager
   
1. SYNDi Lite
 

SYNDi Lite is the simplest implementation of SYNDi. Just set up a loan, fund it and enter monthly payments from borrowers until the loan is paid off. Generate reports and track missed payments and returned checks. You can also use SYNDi Lite if you are a borrower tracking multiple loans.
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2. SYNDi Professional
 

SYNDi Professional contains all features offered by SYNDi Lite in addition to accounting interface where you can set up General Ledger accounts and post transactions to them. SYNDi Professional may be used as a stand-alone application or integrated with QuickBooks, Accpac ERP or Simply Accounting. You may also link mortgage loans to real-estate properties and calculate Loan-To-Value Ratios. If you are a lender tracking your investments, you will need SYNDi Professional.
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3. SYNDi Premium
  SYNDi Premium contains all features offered by SYNDi Professional in addition to the provision of multiple lender and syndicated mortgage loans. You may set up loans funded by multiple investors, collect installment from borrowers and distribute them to investors. It is the full-blown version of SYNDi packed with features necessary to manage full loan processing cycle. If you are a broker with multiple borrowers and lenders you will need SYNDi Premium.
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Price List

 
Download User Manuals
SYNDi Lite
SYNDi Professional
SYNDi Premium
 
New features in SYNDi 5.7

 

Complete Loan Cycle

SYNDi maintains complete loan processing cycle in seven easy steps:

1.
Approve and set up the mortgage.
2. Set up the investor group and enter investor commitments.
3. Receive investor contributions.
4. Pay the borrower.
5. Bill the borrower on monthly basis
6. Receive monthly installment from the borrower.
7. Pay monthly installment less deductions to investors.
Features

Interest-only loans or Blended Payments;

Capability to process interest-free loans;
Can be used as standalone or integrated with QuickBooks, Sage Accpac ERP or Sage Simply Accounting;
Pop-up reminders can be set up to alert the user to take proper actions;
Processing of term loans with interest payable either at the beginning or the end of the term;
Maintenance of a Document Catalog for each loan for quick access;
Provision of lump sum payments;
Lawyers handling multiple brokerage accounts can set up a separate database for each client;
Setting up different interest rates for borrower and lenders;
Interest rates can be fixed or variable (based on prime).
Maintenance of property profile to calculate Loan-To-Value (LTV) Ratios.
Calculation of Bonus Interest as penalty in case of early discharge;
Amortization Tables based on loan and Investor profiles;
Payment frequency can be weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annual or annual.
Interest can be simple or compounded on daily, weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annual or annual basis.
Multiple compounding options;
Calculation of Federal and State / Provincial taxes on management fee;
Withholding of Non-Resident Tax from interest payments to foreign investors;
Calculation of NSF charges on returned borrower checks;
Printing checks for investors;
Ability to define unlimited number of optional fields in borrower, investor and loan records to customize the program for individual requirements,
Renegotiation of terms during the life of a loan;
Provision for investors to withdraw and be replaced by new investors during the term of a loan;
Generation of detailed or consolidated entries for General Ledger;
User-friendly inquiry and data-entry screens;
Minimal training requirements;
Intuitive data-entry procedures;
Built-in reports and inquiries;
Access to data by standard report-writing tools such as Crystal Reports to generate customized reports.
U.S. and Canadian interest calculation algorithms;
Choice of four methods of calculating interest;
 

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