Economic Development &
Community Development Loan Servicing

LA Pro has provided development loan servicing software for over 30 years. We understand the unique challenges that economic development agencies and non-profit organizations face when managing economic development and community development loans. Whether you are servicing 10 loans or 10,000, our software can be tailored to specifically meet your unique needs.

LA Pro maintains your loan information, tracks loan transactions, and meets the reporting requirements of state and federal programs. It handles complex economic development loans with tracking and reporting of multiple participants and multiple collateral sources, enabling you to easily keep everyone current on the loan status.
Key features of our development loan servicing software include:

  • Easy tracking of collected and disbursed escrow funds
  • Repayments and disbursements that are easily recorded and instantly retrieved loan-to-date histories
  • Administration capabilities for multi-loan projects
  • Accruing and fixed fees that can be charged and billed at the facility or loan level
  • Currency values can be updated as needed using LA Pro’s import feature

Our implementation of Habitat for Humanity loan accounting systems is a specific example in which LA Pro helped a development organization meet its unique loan accounting requirements. We have worked with chapters that require no interest loans or require great flexibility in processing payments and calculating penalties. All of these capabilities are easily accommodated during the initial training and configuration of LA Pro’s software.

currency value import feature

Reports Specific to Development Loan Servicing Needs

LA Pro services include specific reports needed for economic development organizations; including client commitment and available amounts. Complete reports may be produced for board, management, and funding sources any time. Reports can be filtered to include all loans, or loans by city, county, funding source, loan status, loan officer, loan type, borrower type, and more. In addition to more than 100 standard reports that are included with our software, we provide an ad-hoc reporting capability that allows you to create any additional reports you might need. Our dedicated support team is always available to assist you with custom reporting and any other questions you may have regarding your development loan serving system.

Proven, Cost Effective Development Loan Servicing Solution

We have supported nonprofit agencies in economic development, community redevelopment, housing, and government agencies for more than 30 years. We have a clear understanding of your unique management needs.

Training via conference call and assistance with setup is included in your purchase price. We are not happy until you are completely comfortable with your process. Unlike other loan servicing software, LA Pro has no add-ons or extra modules. You receive the complete package with everything you need to be successful.
Learn about our industry-leading standard servicing features or watch our online tour of our loan servicing software today.