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Updated about 1 month ago on . Most recent reply

Ashlie Hall's profile image
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Ashlie Hall
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Ashlie Hall
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Private Lending & Conventional Mortgage Advice

Loan Servicing Software Recommendations

Ashlie Hall
Posted

Are there any private money lenders on here that use a loan servicing software that handles accounting and tracks draws? And roughly what are your costs per year?

Baltimore, Maryland
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Richard Mark's profile image
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Richard Mark
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  • from San Francisco Bay Area
  • Member since Jun 2, 2025

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Richard Mark's profile image
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Richard Mark
  • Lender
  • from San Francisco Bay Area
  • Member since Jun 2, 2025
Richard Mark
  • Lender
  • San Francisco Bay Area
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Richard Mark
  • Lender
  • San Francisco Bay Area
Replied

Mortgage Automator, Liquid Logics, and Loan Servicing Soft are a few of the popular ones. You can find some cheaper ones that are fresher to the market/more AI integrated, but those are pretty new so there may be some speedbumps to work out on them. No matter what, if you are originating & servicing 10-15+ loans then its worth the cost to help you grow.

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