Cloudsquare Lend 3.12: Enhancing Efficiency and Flexibility for Lenders

Cloudsquare, the leading end-to-end lending platform powered by Salesforce, is proud to announce the latest upgrades to its innovative loan management software, Cloudsquare Lend. The 3.12 release introduces a suite of new features and refinements designed to address lenders’ growing needs while reinforcing the platform’s reputation as a reliable, scalable, and customizable solution.

Key Highlights of Cloudsquare Lend 3.12

• Sole Proprietor Support: Expanded Federal Tax ID capabilities now include Social Security Numbers (SSNs), allowing lenders to accommodate sole proprietors and small businesses better.
• Holiday Reserve for MCA Agreements: Streamline daily payment management around banking holidays with features that allow adjustments tailored to lender practices.
• Approval Gross Margin Calculation: Automatically calculate lender profitability, factoring in referral source commissions for actionable insights.
• Field History Tracking: Improve compliance and transparency with automatic tracking of financial data changes, such as ACH updates and bank account modifications.

Servicing Enhancements

The update also includes improvements to servicing operations:

• Addressed bugs affecting post-holiday payments for weekly and monthly deals, ACH item updates, and balance calculations.
• Ensured smoother processing and more accurate financial data management.

Bug Fixes for Improved Reliability

This release resolves system bugs across origination, servicing, and syndication, ensuring greater operational reliability. Key fixes include:

• Calculation issues
• ACH item handling
• Repayment balance accuracy

“Our goal with every update is to listen to our customers and deliver practical solutions that make their operations more efficient,” said Jeffrey Morgenstein, CEO of Cloudsquare.

For more information about the Lend 3.12 Release or to schedule a demo, please visit Cloudsquare

Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides robust, scalable solutions that empower clients to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.

For media inquiries, please contact:
Cloudsquare Marketing
Email: marketing@cloudsquare.io