NetLoan 2026.2

Automated Job Processing Updates

  •  Added a new page for viewing and editing automated map/reduce jobs via NetLoan > NetLoan Setup > Manage Automated Jobs.
  • Added an "Allow Concurrent Processing" parameter to NetLoan - Automated Job MR deployments, allowing concurrent processing restrictions to be bypassed on a per-deployment basis.

Automated Modification Updates

  • Added support for the Calculate Rate auto-mod calculation type, including calculating a new rate via automated modification when a new payment record is created.

Billing Updates

  • Added a new field to the NetLoan Type record, Payoff Terms, allowing users to have different terms on invoices generated for early payoffs.
  • Updated schedule generation handling of changes to an already-billed payment amount. When the bill is unpaid, the bill and its schedule line are zeroed out so the updated payment amount can be billed in their place, with a warning banner on the loan identifying the zeroed transaction(s); both are restored if the modification is reversed. When the bill has already been paid (outside of a payoff modification), the schedule update is blocked with an error banner directing the user to reconcile the paid transaction manually.

Dynamic Installment Loan Updates

  • Added a new Write Off modification type for lenders on Dynamic Installment loans.
  • Updated Pay Off Remaining modifications on Dynamic Installment loans to estimate balances as of the effective date, including the partial period.

Escrow

  •  Added support for one-time Escrow Payment Due records billing alongside a loan's recurring record, so a supplemental bill, special assessment, or initial deposit no longer requires changing the recurring amount. A recurring record entered with a future effective date now keeps billing until that date arrives instead of superseding the prior record immediately.
  • Added a New Escrow Payment Due button to the Escrow subtab on the loan record, and a Bulk Escrow Update page for entering new escrow amounts across many loans at once.
  • Added validation to Escrow Payment Due records so a recurring record can no longer take effect on or before the date escrow has already been billed through on the loan; amounts are locked once a record has billed. One-time records can still be dated into an already-billed period.
  • Updated the escrow billing automated job to respect the Run All Months Up To And Including setting.

Line of Credit

  •  Added support for commitment fees on lines of credit: accrues a fee on the average daily unused portion of the credit limit at a configurable rate, when enabled on the loan record, with configuration fields (enable flag, rate, frequency, and account mapping) on the loan type and loan records.
  • Added support for merging new sales orders into an existing revolving line of credit loan. When a loan type is configured as a "preferred revolver," approving a financing option on a sales order will tag the customer's existing commenced revolving loan rather than creating a new one, and subsequent invoices billed against that order will generate a draw modification to increase the loan balance.
  • Deprecated the "Revolving" schedule type. Revolving line of credit loans now use the "Dynamic Installment" schedule type with the "Revolving" credit limit type; a cutover migration in 2026.3.0.0 will automatically migrate existing revolving loan types and loans.

Loan Calculation Updates

  •  Extended Interest Calculation Basis support, previously available only on revolving lines of credit, to installment and dynamic loans. The available methods are Average Daily Balance (the new default), Average Daily Balance - Monthly, Average Daily Balance Not Including Charges - Monthly, Ending Balance - Monthly, and Credit Limit.
  • Added a Calculation Type field to the Rate Index record that is sourced to rate records created from the index, whether added in the loan UI, on loan save, or via a rate index sync.

Loan Origination Updates

  • Added support for adding custom fees that have the same accounting impacts as the origination fees on the loan header.
  • Added validation that blocks saving a recurring NetLoan Payment on a pending loan when the payment's Effective Date is prior to the loan's Initial Payment Date.

Modification Updates

  • Added a dialog box to allow users to select the type of modification to create when clicking the "Modify" button on the loan record.
  • Added new global settings, "Allow Early Recognition of Balances on Modification" and "Allow Early Recognition of Balances on Transfer". When enabled, an option to recognize the full remaining balance of origination fees, discount, premium, and other fees on the effective date is available on Adjust Terms modifications and Transfers respectively.
  • Updated calculate rate modifications to create a new rate record for the newly calculated rate.
  • Updated the memo on NetLoan Modification Entry to append information entered into the modification note field.
  • Adjust Loan Terms modification updates.
    • Added support for calculation of quarterly payments.
    • Added support for modification of Adjust Terms modifications on Evergreen loans.
    • Added support for applying fees to fully amortized loans, with the modification limited to adding new Fee or Principal Adjustment - Fee payment lines; each fee adds a new schedule line dated on the fee's effective date without changing the loan's term or maturity date.
  • Draw modification updates
    • Added the ability to perform a Draw modification on a fully amortized loan, extending the loan past the original maturity date.
    • Added support for Draw modifications on stay commenced loans that remain in a commenced status after being fully posted, including loans with a $0 initial balance.
    • Added enforcement of credit limits to Draw modifications.
    • Updated draw modifications to allow users to specify a source invoice for automated creation of the customer payment upon modification journal processing.
  • Pay Off Remaining Balance modification updates
    • Added automatic invoice generation: when enabled, an invoice is created immediately when the payoff modification finishes processing, without requiring a separate billing run. The feature can be enabled globally via NetLoan Setup, per loan type, or overridden per modification via the Auto Bill checkbox.
  • Refund modification updates
    • Updated GL impact logic for loans with a down payment to check the actual initial balance schedule line payment to determine the correct account routing.

Reporting Updates

  • Data updates
    • Added a RESTlet API (NetLoan - Statement RL) for retrieving as-of-date loan management summary metrics, supporting a full summary or a single named metric, with an optional flag to submit calculated values to the loan record.
    • Updated As of Date reporting to exclude invoices without schedule lines tagged.
    • Updated the "Utilized Credit" as of date reporting field on the loan record to include principal added via draw modifications.
    • Updated As of Date reporting to populate two escrow totals on the loan record when the Escrow feature is enabled: Total Escrows Paid (cash collected on escrow invoices) and Total Escrows Overdue (unpaid balance on escrow invoices past their due date).
    • Updated the Next Payment Date and Next Payment Amount fields on the loan Management subtab and generated statements to pull in the next recurring scheduled payment and ignore any one-time payments.
  • Management Summary reporting updates
    • Added a new "Credit Information" section to the loan Management subtab that surfaces credit memos applied to the loan's invoices as of the As Of Date, broken out into Credited Principal, Credited Interest, Credited Fees, and Credited Total
  • Report updates
    • Added the ability to schedule certain scripted reports (e.g. roll forward, waterfall) on a particular day of the month for a specific reporting range and have that report emailed to a set of recipients.
    • Reconfigured buttons on the scripted reports to more accurately describe whether the report will be previewed in the browser (Preview), scheduled to run at a later date (Schedule), or exported as a spreadsheet (Export).
  • Query Report Updates
    • Added a new map/reduce script to export large query based reports.
    • Added a "Pagination Cutoff" field to the NetLoan Report record that determines at what number of results pagination kicks in for Query type reports (defaults to 5,000 rows).
    • Added the ability to add a custom filter to a single query-based report.
    • Updated the Operator field on NetLoan Custom Filter records to only display operators that are valid for the selected Field Type.

Servicer Loans

  • Added a new record, NetLoan Investor Ownership Change Log, to track changes to the ownership of a loan. Investor Ownership updates now display the change logs created, and the ownership update suitelet can reverse newly created ownership records and revert back to the previous ownership.
  • Added a Bulk Ownership Change Suitelet allowing mass updates to investor ownership across multiple loans simultaneously via CSV import.
  • Added a validation that prevents ownership changes from being submitted with an effective date prior to the most recent ownership bill that has already been processed.
  • Updated distribution billing to correctly handle mid-period ownership changes, scoping new bills only to owners with active ownership for the period and calculating prorated interest for each owner's allotted portion of the period.
  • Added the ability to reverse distribution bills generated from the transaction processing page, and to run all months up to and including a selected period for distribution billing.
  • Added the NetLoan Investor Ownership field to bills generated for Funding Requests, tying each funding request bill back to the investor owner from whom the lender is requesting funds.
  • Added the ability to schedule funding request processing as an automated job.
  • Added support for servicer loan owner rates that differ from the loan rate. At interest accrual, the spread is posted per schedule line to the Servicing Revenue Account (positive) or new Servicing Expense Account (negative), offset by the new Owner Interest Clearing Account.
  • Added period-end amortization for subsidiary owners on servicer loans, recognizing the subsidiary owner's share of interest earned prorated by the subsidiary's ownership percentage.
  • Updated Servicer type loans to set the record lock at commencement, making lock-dependent functionality (e.g. draw requests) available before the first borrower invoice or distribution bill.
  • Added validation that blocks saving a Funding Request (or a Draw Request that generates one) when an owner's share of the requested amount exceeds their remaining required contribution, or when the request would push total funding requested past the loan's total drawn.

Statement Updates

  • Included Additional Fee Incurred amounts on Loan Statement fee totals.
  • Updated the NetLoan Statement Eligible Loan Sublist saved search to include loans that are in a Commenced status or have an outstanding payoff amount, ensuring loans with a payoff balance are always eligible for statement generation.
  • Added a "Require Subledger Activity" checkbox to the Statement Template record. When enabled, statement generation filters loans to only those with subledger activity within the selected statement date range.
  • Updated the out-of-the-box loan statement PDF template to rename the "Current Payment" section to "Next Payment", "Interest Rate (APR)" to "Current Interest Rate", "Date Due" to "Next Payment Date", and "Customer" to "Borrower", and move the statement date to the header above the loan ID.
  • Updated statement generation to allow users to generate statements for an individual loan if the loan is eligible via the statement template saved search.
  • Added initial Statement Generation support for Dynamic Schedule Loans. (This feature is in early release)

Time Machine Updates

  • Updated the default value for "Do Not Reverse Modifications" on the Time Machine to be checked, lowering the chance of reversing payments that should not be reversed.

Transfers Updates

  • Added support for the transfer of loans to a new subsidiary, department, class, and location.
  • Added support for bulk transfers via import of NetLoan Transfer Proposals.

Miscellaneous

  • Added new Release Notes page embedded in the product (NetLoan > NetLoan Help > Release Notes), which displays all NetLoan release notes in one searchable view, indicates the version currently installed in your account, and includes a "Pull Future Release Notes" button to preview upcoming releases published by Netgain.
  • Deprecated the "Send Release Notes to" subtab on the Manage Upgrades tab in NetLoan Setup in favor of in-app messaging.
  • Various bug fixes (see minor release notes).
  • Fully tested for the NetSuite 2026.2 release.
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