The Benedict Aspect
Investment management and loan servicing news and insights.
Lenders and the Long-Term Benefits of Tracking Loan Impacts to the Community
The financial landscape has significantly evolved over the years, with the role of lenders extending beyond the traditional confines of merely providing capital. More than ever, the emphasis is on creating a synergy that benefits both the financial institution and the communities they serve. One impactful way to foster this synergy is through tracking loan impacts to the community. This strategy not only helps lenders make informed decisions but also promotes economic growth, community development, and overall societal well being.Read More...
Five Pitfalls to Avoid When Choosing Commercial Loan Servicing Software
When searching online for commercial loan servicing software or loan management software, it's essential to be aware of potential pitfalls. Here are five ways an unsuitable commercial loan servicing system can negatively impact your company.Read More...
Unraveling the Complexities: Understanding The Difference Between Residential and Commercial Loan Servicing
Understanding the differences between commercial and residential loan servicing seems arcane from the outside world. The residential market, encompassing the majority of the sector, presents a stark contrast to the 'Wild West' of commercial loan servicing with its diverse needs and complex loan structures. While some software vendors attempt to bridge the gap, they often lack the necessary support for the nuances of commercial lending. It's essential to partner with a service provider specialized in catering to commercial and business loans, ensuring they can handle the intricate demands of this complex market.Read More...
Harnessing Economic Growth Potential: The Upside of Avoiding Debt Ceiling Related Default and Extending Stability till 2025
Avoiding a debt ceiling related default has always held significant importance in ensuring economic stability. Moreover, the extension of the next debt ceiling deadline to 2025 brings with it an exciting array of opportunities for the commercial lending industry and the broader economy.Read More...
Navigating the Future of Lending: Why Forward-Thinking Companies Invest in Flexible Loan Servicing Software
While some organizations might settle for systems that cater to their current operations, the most strategic companies are focused on the future. These forward-thinking enterprises are considering not only their immediate needs, but also the potential changes and demands that are likely to emerge down the line.Read More...
Embracing the Tide: How a Rate Cut Could Unleash Economic Growth and Benefit Commercial Lenders
A rate cut could have significant implications for the economy and, particularly, for the commercial lending sector, triggering a surge in demand for loans and ushering in a period of strong economic growth.Read More...
The Bright Future of Commercial Real Estate Amid a Remote Work Revolution
The way we work has fundamentally changed, as a significant number of companies are now embracing remote work models.Read More...
The Risks Of Servicing Loans With Spreadsheets And Simpler Systems
Embracing Transformation: Shifting from Spreadsheets and Simple Systems to Dynamic Loan Servicing Software for Effective Commercial Loan Management.Read More...
What's New With Our Loan Servicing Software
We are in the process of delivering several new functions and features that may benefit your loan servicing organization.Read More...
Case Study - CDFI Reporting
We got to work, and in just 2 weeks we released an internal build of an entirely new set of screens. Read More...
How responsive is your support?
When it comes to software, the most responsive support you can get is a single point of contact who knows you, knows your business, and is intimately involved with the development of your software. Read More...
Solve your customization needs.
For over twenty years we have enhanced our loan servicing software for businesses such as yours … companies who are looking to make significant improvements to their servicing operations. Read More...
Solve your implementation concerns.
Our implementations are well-planned, are worked out with your team at a detail level, and take into account your daily procedures and schedule. Read More...
