PortfolioDM is Revolutionary Loan Management Software for Commercial Real Estate Borrowers

The first in debt management software for borrowers, not lenders. Gone are the days that you just have to have faith that your lenders are charging you the correct interest on your entire loan portfolio.

PortfolioDM debt management software allows Real Estate Investment, Development, and Property Management companies the ability to take control. Before PortfolioDM, lenders had power over real estate borrowers because they were forced to accept that their lenders handled their loan payment transactions accurately and calculated the correct interest due on their loans. A judge will be ruling on December 15, 2010 on a class action lawsuit brought against National City Bank. This class action suit claims that National City Bank incorrectly charged interest due on their commercial loans that were tied to LIBOR, which spanned over a 16 year time frame from 1992 to 2009. This would not be the fate of companies that use PortfolioDM. Many commercial loans are tied to variations of Prime or LIBOR, and are set up many different ways by each financial institution. No longer do companies have to set up and manage numerous spreadsheets to try to keep track of their loans. PortfolioDM debt management software verifies that lenders are charging the correct amount of interest automatically because all of the details regarding the loans are entered into the system at the initial loan setup. No other software manages this with all of the different options possible for both fixed and variable rate loans. If the lender makes an error, our system provides you a fast and easy way to get your lender to acknowledge and rectify their problem. PortfolioDM found one bank in 2008 that charged incorrect interest on one single loan over a 6 month period to the sum of $542.69. Unfortunately this is all too common, and when a company has numerous loans of substantial principal amounts this is devastating to the bottom line. Verifying each lender’s statements on each and every loan is incredibly labor intensive, especially for companies managing hundreds of loans. This loan management software solution is operated by only one employee and manages the company’s entire loan portfolio without using spreadsheets, regardless of whether you are managing 40 loans or 1440 loans. PortfolioDM manages all loan transactions easily and effortlessly. Processing loan transactions by hand and updating a spreadsheet for each and every loan, is not only prone to human error, it is a thing of the past. PortfolioDM is the future for loan accounting software. Since all loan transactions are efficiently processed through PortfolioDM by only one person, the software provides a wealth of information to the organization, and is truly equivalent to having an MBA on staff without paying the salary. PortfolioDM is like an automated assembly line for loan accounting and it is like a Morningstar for your real estate investments.
To get more information about PortfolioDM, please visit our website at www.portfolioDM.com, or call Barry Baker, Principal at 208.938.1206.

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Press Contact Info:
Michele Baker
SkiCat Enterprises LLC
Phone: 208.938.1206
Fax: 208.939.4769
Email: michele.baker@skicatent.com
Website: www.portfoliodm.com

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