Case Study: Pactola achieves accurate, scalable loan management with Nortridge Software

Pactola cuts loan onboarding time from 11 hours per loan with Nortridge Software

Pactola, a Credit Union Service Organization dedicated to agricultural and commercial lending, was struggling with spreadsheet sprawl and inaccurate accounting from their previous loan management system. This led to a lack of trust in their financial data and required excessive manual work. Seeking accuracy and transparency, they turned to Nortridge Software for a new solution.

By implementing the Nortridge Loan System, Pactola gained an accurate, scalable, and flexible platform. The solution provided a clear audit trail and a participations module that correctly distributes payments in real-time. This eliminated previous inaccuracies and drastically improved efficiency, notably reducing the loan onboarding process from up to 11 hours per loan.

Pactola