NetLoan 2026.1

Automated Job Processing Updates

  •  Added a new Global Setting, "Maximum Concurrency", that allows the user to set the maximum concurrency for the NetLoan Scripts on a per system job basis (not allowing the sum of all concurrency limits on the batch jobs to exceed this value).
  • Added new option, "Do Not Update", to the Default Script Concurrency field in NetLoan Setup to ensure that custom script concurrency entered on Automated Jobs are not overwritten.
  • Updated automated job processing to follow updates to the script deployment priority, queue all stages at once, yield after minutes, and buffer size (in addition to concurrency).
  • Added a new parameter to the Automated Jobs MR, Override Batch Size, to allow the user to override the batch size threshold for the map/reduce script which controls how many records are processed in a single invocation of the script.
  • Added control to prevent multiple scheduled schedule generation jobs from running concurrently (if scheduled via NetLoan - Automated Jobs MR).
  • Added new automated jobs options:
    • NetLoan - Automatic Statement Generation MR (Used to generate statements for borrowers on a monthly basis)
    • NetLoan - Automatic Statement Emailing MR (Used to email statements to borrowers on a monthly basis)
    • NetLoan - Automatic Old Record Deletion MR (Used to delete old records and keep overall custom record count down)

Automated Modification Updates

  • Added Calculate Payment support for rate based auto-mods.

Billing Updates

  • Updates invoices created from NetLoan to automatically check "Exclude from Electronic Bank Payments Processing" unless one of the following are true:  new field added to the NetLoan Loan record, Autopay Status, is set to "Active" and new field added to the NetLoan payment record, "Preapproved for Direct Debit", is checked

Collateral

  • Added new feature, "Collateral", to enable the usage of a new "NetLoan Collateral" and "NetLoan Collateral Assignment" records used to track collateral put up by the borrower on lender loans.

Dynamic Installment Loan Updates

  • Added support for "Draw", "Refinance" and "Refund" modifications.
    • Refund modifications will now automatically generate customer deposit for total amount paid.
  • Added support of effective interest amortization methods of discount/premium and origination fees.
  • Payment Requests
    • Added support for final payment request logic, adjusts the final payment request amount based on the remaining loan balance and maturity date.
    • Added Cancel and Refund Payment Request options to record.
  • Transaction Syncing
    • Added support for same day payments.
    • Added support in transaction sync to reverse overpayment transaction lines on unsync.
    • Added support for syncing of origination clearing account impacts (used to approximate Draw modifications on fixed installment loans).
    • Updated Sync Transaction criteria for dynamic schedule loans to allow syncing of any transaction type - categorizing impacts based on the loans entity type and transaction line's account/amount.

Loan Calculation Updates

  •  Updated logic on balloon payment to always be end of day if the loan type's maturity timing is explicitly set to end of day.

Loan Origination Updates

  • Added new NetLoan Setup field, Allow Loan Balance Caps, to allow loans to be setup with a maximum balance.
  • Added the ability to specify the default payment type and default payment frequency on the loan record.
  • Updated "Default Origination Date From" setting to not update a loans origination date once the loan status changes to commenced even if there is additional billing or fulfillment activity.

Modification Updates

  • Adjust Balance modification updates
    • Added support for re-calculating the go-forward Payment or Rate.
  • Adjust Loan Terms modification updates
    • Added logic to show the "Adjusted Final Payment" on the modification suitelet page instead of the "Adjusted Balloon Payment" when the loan does not have a balloon payment. The final payment does not need to be larger than the monthly payment to be displayed, and will only be entered as the balloon payment on the loan post-modification if the final payment is significantly larger than the monthly payment.
    • Added logic to forgive the remainder of the loan after a one-time payment if the remaining balance is less than the unamortized balance of the fees (eligible for forgiveness) and warn the user if the new payment is larger than the remaining balance minus forgiveness eligible fees.
    • Updated non-payoff modifications (e.g. Adjust Terms / Adjust Balance) that result in an earlier maturity than prior to the modification to follow the same schedule generation logic as Pay Off Remaining modifications when it comes to the handling of future bills / invoices already tagged to the schedule dated after the new maturity date, specifically:
      • Future bills/invoices that are paid will be incorporated into the calculated payoff amount
      • Future bills/invoices that are unpaid will have all amounts updated to 0
      • All billed schedule lines post new maturity date will be pulled forward to the new maturity date and re-numbered
    • Added new field to modification entry, Calculation Date, editable for calculation types of Calculate Payment and Calculate Rate to allow users to specify the date on or after which a new payment or rate is calculated.
    • Updated modifications with a calculation type of "Default" to always reflect the first recurring payment encountered as the new "Recurring Payment" after modification on the modification proposal.
  • Draw modification updates
    • Changed the name of the "Disbursement" modification type to be called "Draw" and made it so that entering a vendor is no longer required.
    • Added support for re-calculating the go-forward Payment or Rate.
  • Pay Off Remaining Balance modification updates
    • Updated Pay Off Remaining Modification to default to today as the effective date if it is within the loan term.
  • Statement Adjustment modification updates
    • Added controls to statement adjustment modifications to ensure that no change to the payment is made if a vendor bill already exists.
    • Added support for statement adjustments in months where there are 2 recurring payments and one is a $0 payment.
    • Added support for statement adjustments in months where there is no payment.

Reporting Updates

  • Data updates
    • Added new fields to the schedule line, "Capitalized Interest" and "Accumulated Capitalized Interest" to track the interest that has been capitalized and accumulated interest that has been capitalized to date.
    • Updated logic tagging Bill Payment to schedule line that runs on save of payment transactions to tag the Customer Payment to the schedule line if the invoice is fully paid and the schedule line is not already tagged to the payment (as it would be empty if the payment was applied to multiple invoices).
    • Added new "Origination Fees Incurred" field to the schedule line to track the movement of origination fees balances
    • Added new field to the NetLoan Schedule Line, Statement, to enhance schedule line reporting with the ability to join to month-end statement fields. This field will be populated on the last schedule line in a statement period after statements are generated.
  • Management Summary reporting updates
    • Add a new "Total Prepayments" field in the "Paid Totals" section and a "Prepayment Balance" field in the "Balance Information" section of the management subtab. These fields capture any amounts paid toward future invoices and be considered in the "Total Payments Paid" (increase) and "Payoff Amount" (decrease) fields.
    • Updated As Of Date reporting to update the Payment Status based on the days overdue on the loan if the loan is a dynamic installment loan or if Collections are enabled in NetLoan Setup.
  • New Reports
    • Added new scripted report, Loan Balance Roll Forward Waterfall Report, to generate a waterfall of principal adjustments with beginning and ending loan balances for a given period.
    • Added new report type, Query, that allows users to populate custom queries to pull NetLoan data.

Servicer Loans

  • Added new entity type, Servicer, that can be set on the Loan Type record to allow loan core billings to be captured by servicer as normal invoices and a percentage of payments allocated and sent out as vendor bills based on NetLoan Investor Ownership records.
  • Created Ownership Change suitelet which allows users to update the ownership of one loan as of a given date.

Time Machine Updates

  • Added support for reverting to pre-modification values on the loan on "- Full Rewind -" time machine processing.
  • Added support for using the time machine in periods where there is no schedule line on the loan.
  • Updated naming of Delete Payments and Delete Rates fields on the Time Machine page to be explicit that this is about deleting NetLoan Payment and Rate records, not payment transactions.

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

  • Updated go-live journal processing of auto-eliminating intercompany loans to allow for a go-live clearing account that is not auto-eliminating.
  • Moved Sync Transactions, Calculate Interest, and Generate Statements links from the Process Monthly Transactions center category to the to Mass Update Loans center category.
  • Various bug fixes (see minor release notes).
  • Fully tested for the NetSuite 2026.1 release.
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