laproiq.com
LA Pro loan servicing software is designed to help you respond to new business opportunities, manage growth profitably, increase efficiency, and reduce costs.
LA Pro is based on Microsoft’s latest relational database and product development. It allows loan servicing managers the option to use over 100 standard reports, and also to make their own queries and reports. It also allows you to “manage a mixture of portfolios from traditional lenders to multi-currency corporate financing.” LA Pro is also equipped with a robust Help system, sophisticated search capabilities, and a set of standard APIs. LA Pro also automates interest calculations and has enhanced reporting capabilities.
LA Pro offers a free, 90-day trial if you’re interested in using LA Pro as a comprehensive system to keep track of your borrowers and their payments.
nortridge.com
Nortridge Loan Servicing System software is offered for a one-time purchase (license), or a monthly per user fee. This SaaS (software as a service), offers a multi-faceted loan servicing system for any business.
Nortridge’s automated loan servicing system both keeps track of your borrowers portfolios and the payments they’ve made (or need to make), as well as makes calculations for you like interest rates, escrow holdbacks, and payouts. Though Nortridge’s screenshots shed some light on the system and its method of performance, the website is surprisingly uninformative.
If you’re interested in NortRidge’s automated loan servicing software, visit www.nortridge.com, email sales@nortridge.com, or call 800-993-6227.
notesmith.com
Since 1988, NoteSmith, a family of loan servicing software packages developed by Princeton Investments, Inc., has offered loan servicing software in multiple configurations to fit any business need and to make loan servicing seamless.
NoteSmith is designed for individual note investors, while NoteSmith Pro has additional features and NoteSmith Net mirrors the features of NoteSmith Pro, but with multi-user access on a local network. So, which is right for you? Visit http://www.notesmith.com/NSWebSite/Servicing-Loans.html to find out.
Fundamentally, NoteSmith offers automatic daily or periodic compounding and calculations of multiple fees, management reports, coupons, receipts, and payoff forms, an investor payment history, unlimited form letters and mailing labels, and multiple IRS forms. NoteSmith is also easy-to-use with customizable data entry screens and a reliable, automatic backup system.
NoteSmith’s features make it an especially easy, automated office assistant. If you think NoteSmith is right for you, visit http://www.notesmith.com/NSWebSite/Servicing-Loans.html. Here, you can download a NoteSmith brochure as well as a demo document. The site’s ‘Hot Seat Questions’ section is also particularly informative. Try NoteSmith today.
disc-calif.com
LenderSuite, the loan servicing software from the Dynamic Interface Systems Corporation, proclaims that it will “handle your most demanding financial information requirements.” Undoubtedly, LenderSuite offers comprehensive loan servicing software solutions for many different types of loans, including participating, revolving credit, simple interest, and level principle loans. (Overall, Lender Suite services 17 different types of loans).
Regardless of the size or number of your portfolios, Lender Suite can combine vital loan servicing functions like adjustable rate mortages, escrow and impound / tax and insurance accounting, and automatic task and report scheduling. Lender Suite can also easily generate new reports, analyze risk, retrieve a complete loan history, and ensure compliance. 1099 and 1098 filing paper, as well as IRS Interface, are also included.
To find out which Lender Suite software is right for you, evaluate what type of loans you’re servicing and visit the site. Click on the ‘Software Solutions’ tab on the homepage. From the drop-down menu, you can choose the type of software you need and research its functions. Lender Suite offers a comprehensive solution for loan servicers, and the free demo is recommended. Try it today.
loansoftware.com
Bottom Line Software, Inc., developed LoanMaster, a loan servicing software program, in 1982, and since then has worked to refine the system to ensure its quality. LoanMaster provides many vital functions and seems an efficient, easy answer to loan servicing problems. This software, however, is not recommended for use on Windows Vista systems – it has been known to cause problems with Windows Vista.
LoanMaster allows up to 25 simultaneous users and offers a full function Reg-Z loan calculator, unlimited portfolios, the ability to export and import from other computer programs, origination fees, capitalized costs, provides a year-end status of every loan maintained for history, credit card type billing, escrow payments and balance, collection history, and more. LoanMaster also provides a host of vital forms, including 1098 forms, deferred gain, trial balance, past due aging, daily accruals, loan statements, loan payoff reports, and more.
LoanMaster is also customizable. LoanMaster, overall, is a great choice for loan servicing software because it offers both the functions and the forms needed. You can download a free trial (or free forms) on the site. There’s also Tutorial Lessons.
Visit www.loansoftware.com if you’re interested in purchasing LoanMaster today.
themortgageoffice.com
The Mortgage Office offers a set of mortage software products, including their loan servicing software, which integrates seamlessly with the company’s other programs.
The Mortgage Office’s loan servicing module helps you “easily and effortlessly service any type of loan”, split servicing revenue with accuracy, streamlined payment processing, fully integrated attachments and digital document system, an event journal with a complete audit trail, and easily accessible loan information. It also allows you to service both self-originated loans and those purchased elsewhere.
There’s no price quoted online, so contact the Mortgage Office via phone at 800-833-3343, or schedule a free demo at http://www.themortgageoffice.com/ScheduleInternetDemo.asp. Visit Mortgage Office online today and see why their loan servicing package, with its comprehensive features and streamlined organization, could be right for you.
mortgage-care.com
Consulting Plus, Incorporated – accessible at www.mortgage-care.com – offers several programs for mortgage brokers, private investors, and loan servicers like trust fund accounting, construction disbursements, and loan documentation software.
The loan servicing software of Consulting Plus, called Loan+Care, offers loan servicing trust accounting software for private money loans. Loan+Care includes input data, receipts (log-in borrower payments, print payment due reports), disbursements, borrower reports, investor reports, and other reports.
Each product, including Loan+Care, has a free demo accessible through the website. Though the website is easy and navigable, it lacks important information regarding the product. You may want to consider another loan servicing software due to the lack of information provided, or contact the company at (408)735-7470.
If you purchase nothing from Consulting, Plus, Inc. – there’s a free lender calculator you can use on the site.
ficsloanware.com
FICS, or Financial Industry Computer Systems, Inc., specializes in “providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry.” FICS’ products include their online mortgage application, their LOS program, and both residential and commercial mortgage loan servicers.
In terms of residential servicing, the residential servicer automates all functions, like escrow administration, collections, investor accounting, loss mitigation, year-end reporting, and more. FICS also offers an online banking tool, eStatus, that accompanies and integrates with the residential servicer. The commercial servicer automates commercial loans including multi-family commercial real estate, income property and construction, lines of credit, loans for equipment and inventory, and more. LoanStat is the online banking tool that accompanies this servicer.
For more information on both of these products, or to get a price quote, visit www.ficsloanware.com, email FICS@LoanWare.com, or call 972-458-8583.
loanledger.com
Loan Ledger is a mortgage servicing software developed by the Dynamic Interface Systems Corporation. Like any other mortgage servicing software, Loan Ledger can help organize your system and borrowers’ portfolios as well as increase efficiency and ease.
Loan Ledger helps you service ARMs and HELOCs, impound for taxes and insurance, service third party loans and loans with balloon payments, collect payments, make collection calls, and service general mortgage loans. Loan Ledger also imports seamlessly with Microsoft Word, provides needed forms and reports, provides detailed customer histories, is secure, and is expandable to unlimited users. Each separate function within Loan Ledger, and Loan Ledger is designed to be used on Windows XP.
Impressively, Loan Ledger is self-proclaimed as the #1 Rated Mortgage Servicing Software in the industry, but we recommend you give it a try before you purchase it. The site offers a free online demonstration where you can see how Loan Ledger works. Visit http://www.loanledger.com/seeloanledger.html or call 800-998-3472 if you’re interested.
thetrakker.com
Multi-Financial Services has developed a loan servicing software, called Trakker, that mortgage professionals have used for the past 20 years.
Trakker can be used with both Macs and PCS, and offers a variety of functions vital for any mortgage professional. Trakker can transfer your loans from other existing systems, import thousands of loans, can configure foreign currencies, track escrow and process payments, and track a variety of loans. Trakker also has an Automated Past Due Collection System and doesn’t charge per added Work Station. There’s also free, unlimited technical support.
With so many features, Trakker would be a sufficient choice as a loan servicing software for any mortgage professional. But what’s more is that Multi-Financial Services is currently offering a 20% off discount in celebration of their 20th anniversary. So, visit www.thetrakker.com to learn more about Trakker and see if this affordable and comparable system is right for you. You can also download the Trakker Demo at the site.
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