Private lending software

[Matthew T.]

To the hard/private money lenders out there. What software are you using to automate your lending business?

Thanks

[Beth Johnson]

@Matthew T.

After considerable research on the matter a few years ago when we maxed our ability to manage on spreadsheets, we went with Lendingwise. LOVE this software for the flexibility and cost - inexpensive set up and monthly costs by comparison to others like Liquid Logics and the Mortgage Office. No servicing function yet but the loan origination and CRM are pretty darn good! Can do online application via your website, auto generated term sheets and loan docs, and pipeline management. Talk to the owner Chris Fuelling for a demo. Highly recommend. Lmk if you have more questions.

Only other one I liked was Bryt Software but they couldn't do much in the way of standardized loan life cycle task management (moving loans from application to document collection and review to underwriting and escrow and in-service). Also they can't support an online application.