An organization in Washington, DC is seeking a qualified vendor to provide comprehensive loan accounting software. The requested platform must support a wide range of loan structures, including senior, subordinate, revolving, and construction loans. Additionally, the solution should be capable of tracking loans, grants, and equity products within a single, unified platform.

Key requirements include the ability to manage loan modifications while maintaining a complete change history, as well as generate and maintain detailed amortization schedules for both principal and upfront fees. The software must also calculate effective yield and interest rates, produce payoff statements, and track payoffs. Integration features are essential, such as banking reconciliation that aligns financial transactions with loan records, and the ability to map all transactions to the general ledger by fund, generating monthly entries such as interest accruals and loan loss reserves.

Vendors interested in this opportunity should be equipped to deliver robust financial and loan management tools designed for complex portfolios. All vendor questions regarding the project must be submitted by January 5, 2025.