The National List®
of Attorneys

Worldwide Legal Referrals to the
Credit Industry Since 1900

Volume 51 Issue 51, April 2008
 


 

            
            

 

State Buyer Exchange Program

            
            

            
            

 

            
            

 

            
            

            
            

  
 
            
            
 

 

            
            

 

 

FTC Hands Down Advisory Opinion for Mortgage Collectors March 26, 2008

by Patrick Lundsford

The Federal Trade Commission made public Tuesday a rare advisory opinion on the Fair Debt Collection Practices Act in response to a specific question regarding the collection of mortgage debt in foreclosure. The opinion is positive for the industry and consumers, according to the attorneys who requested the opinion.

To read the complete article, click here.

 

  

        

       

NL Member News

            

  

WANTED:  Collection Manager in the Philadelphia, PA area. 
If you are interested, please email your resume and cover letter to
bunrath@nationallist.com who will then forward it to the appropriate person.

North Carolina Collection Law Firm for Sale.  For more information please email bunrath@nationallist.com.

SALE / MERGER OPPORTUNITY:  Expanding Collection Law Firm seeking to explore acquisition merger opportunities with small firms or solos in NJ, NY and VT. Able to provide new business volumes to candidates. Please email all inquiries to bunrath@nationallist.com.

  



The National List of Attorneys introduces Totality, a cost effective collection software solution designed for collection attorneys, collection agencies and businesses.  Totality offers all NL Members a 20% discount so make sure to mention NL when you call.
 


NL:  Who is your collection software designed for (Collection Agencies, Collection Attorneys, Debt Buyers, Creditors or Other)? 

Totality: Collection Attorneys, Collection Agencies, and Others (such as businesses collecting their own accounts, property management companies, and medical billing companies)

NL: What should a company consider when purchasing collection software? 

Totality:  Will the software work the way the company works? Ease of use, training, overall cost.

NL:  What operating system is your software designed for?

Totality: Windows

NL:  What are your product capabilities?

Totality:

  • Totality is developed specifically for small and mid-sized collection practices handling no more than 10,000 to 20,000 active accounts.
  • Totality’s focus is ease of use and affordability. It has always been a Windows program and includes a comprehensive context-sensitive help file.  
  • Calculations: Pre- and post-judgment interest, balances, contingency fees (fixed rate, flat rate, sliding scale), payments allocations (between costs, interest, and principal), future pay-off amounts, scheduled payment amortization 
  • Tracks all details: payments, costs, placements and judgments, interest rate changes, notes, payment agreements. 
  • Document generation: powerful yet simple mail merge feature can create any type of Word or WordPerfect document using inputted and calculated data 
  • Reports: More than 30 different reports for single and multiple accounts 
  • Comprehensive contact management: All contact details for parties (debtor, creditor, and client) and for any other person or organization.
  • Ticklers: Calendar future events and reminders, both automatically and manually. 

NL:  What are all the costs involved including software installation, training, support, extra modules, monthly maintenance fees, transaction fees?

Totality Standard
Totality 1000 (handles up to 1,000 active accounts): $999
Totality 2500 (handles up to 2,500 active accounts): $1,799
Totality 10K+ (handles up to 10,000 active accounts per database): $2,999
Additional computers (each): $399

Totality with You'veGotClaims DataSync
Totality 1000 (handles up to 1,000 active accounts): $1,799
Totality 2500 (handles up to 2,500 active accounts): $2,999
Totality 10K+ (handles up to 10,000 active accounts per database): $4,799
Additional computers (each): $399

You can upgrade to a higher edition as your volume increases by paying the difference in price. For example, if you purchase Totality 1000, you can later upgrade to Totality 2500 for $800.

Maintenance
Totality comes with 30 days of free technical support. After that a Maintenance Plan is required, which provides unlimited technical support via phone and e-mail and all in-version upgrades to Totality 4. The cost is:

Totality Standard
Totality 1000: $15/month
Totality 2500: $30/month
Totality 10K+: $50/month
Each Addl computer: $5/month each

Totality with You'veGotClaims DataSync
Totality 1000: $25/month
Totality 2500: $50/month
Totality 10K+: $75/month
Each Addl computer: $5/month each

Installation is easy and is done by the customer.
Telephone training is optional at $99 per session, but more than 98% of our customers find the program is so easy to use that training is not necessary.

NL:  What type of training and IT support do you offer?

Totality:  Totality's primary focus is ease of use. It is very user friendly. We offer one-hour telephone training sessions for $99 each, but more than 98% of our customers find the program is so easy to use that training is not necessary. Support is included with the Maintenance Plan.

NL:  Does your system permit remote work sites?

Totality:  Yes, via standard remote control software and services such as Windows XP Remote Desktop, Symantec pcAnywhere, and GoToMyPC.com.

NL:  What type of security is in place for data?

Totality:
  Administrator has control of program settings and defaults as well as user logins and startup options. Users can be limited to read-only access.

NL:  How many active users do you have?

Totality:  Over 1,100 customer sites and 2,400 users on 6 continents, 13 countries, and 48 states and territories.

NL:  What is the date of the first installation?

Totality:
  1995

NL:  Do you have a user group?

Totality:
  No

NL:  Where do you see the future is headed for collection software?

Totality:  More web-based programs will be available, but there will continue to be a need for locally installed and operated software. EDI will be more widely used, and programs will need to support it.

NL:  Do you offer NL members a special discounted rate?

Totality:
  Yes, mention The National List and save 20%

NL:  How are upgrades handled?

Totality:  Upgrades to major new versions of Totality are available to current customers at a discount.

In-version upgrades are included in the Maintenance Plan and can be downloaded automatically.

Upgrades to larger editions of Totality version 4 are available for the difference in price between the editions.


This is a paid advertisement and not in any way to be considered an endorsement of the company, product or service.


 Upcoming Events

  
 
 Commercial Law League of America (CLLA)

   2008 Chicago Spring Meeting
   May 1-4, 2008
   Westin Michigan Avenue Hotel 
   Chicago, IL
   Visit
http://clla.org 



   NARCA

   2008 Spring Collection Conference
   May 15-17, 2008
   Sheraton Seattle Hotel
   Seattle, WA
   Visit
http://www.narca.org 

 
 Debt Connection
  Debt Connection Symposium & Expo 2008
  September 3-5, 2008
  San Diego Marriott Hotel & Marina
  San Diego, CA
  Visit www.dcs2008.com