New Markets Tax Credit Program

A loan servicing solution for the New Markets Tax Credit Program (NMTC Program) must be accurate and precise. LA Pro’s loan servicing software makes it easy for lenders to report information to their investors and borrowers. Whether you are servicing 10 loans or 10,000, our software can be tailored to specifically meet the unique requirements of Community Development Entities (CDEs).

LA Pro gives you flexibility to tailor reporting for small business and commercial real estate loans of the NMTC Program. In addition, our system allows you to control security and user-access levels so any changes made in the system are auditable. LA Pro’s accurate, precise loan management and reporting ensures that CDEs making low-interest loans comply with the requirements of the NMTC Program.

New Markets Tax Credit Program Features

  • Make interest-only loans to borrowers and distribute proceeds to investors during the servicing period
  • Customize bills with individualized wire transfer instructions
  • Bills can be printed or emailed to customers
  • Flexible options for customizing security and user-access levels
  • Customizable interface - Keep what you need, hide what you do not
  • Over 100 standard reports and flexible ad-hoc reporting

Reports Specific to New Markets Tax Credit Program Needs
LA Pro includes the specific cash flow management reports needed for NMTC Program reporting: forecast reports, amortization schedules, fee schedules, loan disbursement reports, loan payment reports, and participant remittance statements. Using ad-hoc reporting you can create additional reports as needed. Our dedicated support team is always available to assist you with custom reporting and any other questions you have about your loan servicing system.

Proven, Cost Effective New Markets Tax Credit Program Solution
Our software comes with everything you need to service and manage NMTC Program loans. LA Pro is ready to help you improve your loan servicing with our proven software and service. Learn about our industry-leading standard servicing features or watch our online demo of our loan servicing software today.