People buy and sell notes all of the time. Sometimes they only want to buy or sell a partial of the note. We had a customer request assistance on purchasing a partial of a note utilizing TValue software.

Per diem interest is the interest charged on a loan on a daily basis. The finance charge is interest calculated since the last time a payment was made. Often, you have a loan payoff at a point in time and it doesn’t close and you need to determine the per diem interest for each day the loan doesn’t get paid off.

Municipal Loans often offer a unique structure that combines both interest-only payments every 6th month and annual fixed principal plus interest payments.

Many deals are structured with deferred payments at the start of the loan. It is a common practice to help the Company’s cash flow and give the borrower time to get the asset up and running before payments start.

Many of our customers use TValue amortization software to track payment activity and balances on their loans. Our Support team often speaks to customers who want to know if TValue will handle late fees. TValue is not a loan servicing product, although many users use TValue for that purpose, which includes managing late fees.