Moneylender Professional 3 Is Coming Soon… Here's a Sneak Peak

Since Friday, October 14, Moneylender Professional 3 has been available for preorder to Moneylender 2 license holders. MLP 3's Alpha version will be downloadable on October 31. People have already started calling, wanting to know more. Check out some user questions and our answers.

Q: Will MLP 3 be online or desktop?

A: It’ll be for Windows desktop.

Q: Does the software provide IRS online filing template for 1098s?

A: Yes, we plan to have IRS FIRE (the electronic file format for 1098 and 1096 forms) implemented by the time MLP 3 is ready for production use.

Q: Can I get a demo of the new upgrade before committing to buy the new version?

A: We're not planning on having a demo version available until the production release. When Moneylender 3 is production-ready (January or February), we’ll have a demo mode you can try out before buying the upgrade.  If you preorder Moneylender 3, you’ll be able to download and play with the Alpha and Beta versions sooner.

Q: Is it possible to run MLP2 and MLP3 separately but concurrently on the same PC?

A: Yes, they use different file types and license settings. They install to different folders. They won’t step on each other’s toes at all.

Q: Is it hard to import portfolios from Moneylender Professional 2?

A: Nope, it’s pretty painless. The only thing you have to do is tell MLP 3 which third parties are escrow and which are fees. That way, the software will properly copy the escrow settings into the new Escrow Tracking System and set up the lender fees as Fees.  Everything else is upgraded without any input from the user.