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LOAN SERVICING SOFT

LOAN SERVICING SOFT

What Is LOAN SERVICING SOFT?

LOAN SERVICING SOFT is the most advanced Loan Servicing Software on the market! Features: Automated Billing, ACH Electronic Payments, Borrower/Investor Web Portals, QuickBooks Integration. Optional Add-On’s: Fund Management, Metro2 Credit Reporting, Doc Prep. We specialize in Private Money/Hard Money, Commercial, Construction-Line of Credit lending. Most of our users are Private Money/Hard Money lenders, Alternative lenders, Small Banks and Credit Unions, & Non-Profit/City/State/Tribal gov't.

Who Uses LOAN SERVICING SOFT?

Most of our users are Private Money/Hard Money Lenders, Alternative Lenders, small Banks and Credit Unions, and Non Profit/City/State/Tribal government.

LOAN SERVICING SOFT Software - System Control Panel / Dashboard - This is the main system control panel / dashboard. Workflow and tasks flow in/out from this screen keeping you and your co-workers on top of things.
LOAN SERVICING SOFT Software - Payment Processing - Extremely flexible payment processing. Features include: Unapplied, Configurable Waterfall, etc..
LOAN SERVICING SOFT Software - Flexible Reporting - Hundreds of standard reports for your loans, borrowers and lenders including borrower 1098's and lender 1099's. RESPA compliant Initial and Annual Escrow Analysis Disclosure Statements, etc... 40 years of private money loan reporting!
LOAN SERVICING SOFT Software - Streamlined Collections - Our system includes configurable collection screens with call queues.
LOAN SERVICING SOFT Software - Escrow Administration and Annual Reporting - Fully RESPA compliant escrow administration with both the Initial and Annual Escrow Analysis Disclosure Statements.

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Reviews of LOAN SERVICING SOFT

Average score

Overall
5.0
Ease of Use
4.9
Customer Service
5.0
Features
5.0
Value for Money
5.0

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
100%
Verified Reviewer
Verified LinkedIn User
Nonprofit Organization Management, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

Working with LSS

5.0 6 years ago

Comments: LSS has been a great partner for our organization. They have been very willing to work with us the few issues we've had to the software where we needed it to be to service our clients.

Pros:

The software is flexible and allows the user add data that is necessary to make decisions.

Cons:

Updating the software has to be done on an individual basis and can slow the day down.

Cat
Manager in US
Used the Software for: Not provided
Reviewer Source

Custom Auto-Decisioning & Servicing Software

5.0 9 years ago

Comments: I spent weeks having conference calls with vendors offering loan servicing & loan decisioning software. LSS was the only company that I found that offers both of these platforms in one system. I believe in simplicity. Using 1 system is much better than 2 for originating & servicing your loans. I have done extensive testing on the software & it seems to function very well. It's rare that you find a software company that offers this level of customization. I can't begin to say enough good things about John, he is AMAZING. I have not asked him to do a single task that he was not able to perform. He is a pleasure to work with & takes time answering my questions. He doesn't give up until you're satisfied. I had LSS do things that they have never done with other companies, including writing scripts to increase productivity & parsing data. I really can't wait to see where the development of this software leaves us at the end of the year. They offer import services, which made transferring our old data into the new software a breeze. The process went very smoothly & all the balances/payments were correct. They did offer to show me how to perform the import to save me money, but I preferred peace of mind by ensuring accuracy rather than saving the money for the import. I was very satisfied with the import; the work was flawless. The team really stuck their neck out to meet our launch date & put in the extra hours to meet our investor's deadline, which I really appreciated. I believe there is great value in this software. The price is very fair, because the finished product is built specifically for your business. This is the last software we will ever have to purchase to service & underwrite loans for our company. This software will develop with our business. Proprietary software has cost other companies that I have managed a fortune; you can't imagine how thrilled I am to have such a customized program for a fraction of the cost. Our money was well spent & I highly recommend this software.

Rhonda
Loan Servicing in US
Banking, 11–50 Employees
Used the Software for: 1-5 months
Reviewer Source

I wish we'd made the change sooner...

5.0 5 years ago

Comments: On my previous software I had to keep several different spreadsheets for insurance expiration monitoring, escrow analysis, scheduled future fees etc. All of those functions can be done through LSS eliminating quite a bit of extra work.

Pros:

LSS is very customized to our company. It handles every aspect of servicing, insurance information, escrow analysis etc. The customer service support is exceptional. I worked with Rep during setup and training, and he was knowledgeable, patient and pleasant. Learning new software is a big job, but Rep made it the best possible experience. I am very comfortable knowing that our new software has top-notch support.

Cons:

We service loans for more than one investor. My investors need reports for their loan portfolios (Sorted by investor/lender). We are customizing reports ourselves, as this is not a standard request. LSS can and will customize reports for a price, but fortunately LSS reports offer the ability to customize yourself if you have the knowledge and ability.

Matthew
President in US
Used the Software for: 1-5 months
Reviewer Source

A powerful loan servicing tool with lots of flexibility.

5.0 6 years ago

Pros:

Great user interface. Enterprise functionality. Customizable. Great user interface. Enterprise functionality. Customizable. Great user interface. Enterprise functionality. Customizable.

Cons:

It was hell getting it migrated from NoteSmith. I think we were given the wrong engineer to start. LSS made it right in the end.

Seth
Principal in US
Real Estate, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

LSS is a great product

5.0 6 years ago

Pros:

Produces professional looking statements

Cons:

Cumbersome initially but with solid support