Latest Articles
Ignore The Benefits of Loan Servicing at Your Own Peril
Too many lenders after the quick buck focus on originating new loans, and neglect the long term value of servicing. Without a servicing strategy, lenders expose themselves to a revenue roller coaster, weaker client relationships, and a lack of control over over their business and assets.
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.
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.
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.
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.
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.
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.
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.
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.