LOAN SERVICING SOFT Pricing, Features, Reviews & Comparison of Alternatives

LOAN SERVICING SOFT

Loan Servicing software for private money/hard money lenders

5.0/5 (13 reviews)

LOAN SERVICING SOFT overview

What is LOAN SERVICING SOFT?

LOAN SERVICING SOFT is a cloud-based or on-premise loan origination, loan servicing, and fund management solution designed to help small to large financial institutions manage their loan origination, loan servicing, investors, collections, reporting, etc... The platform offers customizable web applications and live web portals in addition to standard functionality.

Primary loan origination features of LOAN SERVICING SOFT include point and click entry screens, web applications, automatic credit pulls, automated emails, disclosures, and closing contract preportation. For loan servicing the platform offers automated billing via printed bills, email bills, ACH, coupon book, etc.. Aging, late notices, collections, payoff, etc... Also included, investor support - both direct investors and funds and mortgage pools.

Pricing

Starting from
$7500
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Europe, Latin America, Mexico, United Kingdom

Supported languages

English
LOAN SERVICING SOFT screenshot: LOAN SERVICING SOFT: lender database pageLOAN SERVICING SOFT, Loan Servicing SoftwareLOAN SERVICING SOFT screenshot: LOAN SERVICING SOFT: online loan applicationLOAN SERVICING SOFT screenshot: LOAN SERVICING SOFT: Dashboard and Promise-to-Pay tracking windowLOAN SERVICING SOFT screenshot: LOAN SERVICING SOFT: loan payment details pageLOAN SERVICING SOFT screenshot: LOAN SERVICING SOFT: visual reports with graphs and charts

LOAN SERVICING SOFT reviews

Excellent
13

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  5.0
  4.9
  5.0
Anonymous

Working with LSS

Used daily for 2+ years
Reviewed 2018-08-22
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Cat Barrett

Custom Auto-Decisioning & Servicing Software

Reviewed 2016-04-27
Review Source: Capterra

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.

Rating breakdown

Ease of use
Customer support

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Rhonda White

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

Used daily for less than 6 months
Reviewed 2019-05-31
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Matthew Long

A powerful loan servicing tool with lots of flexibility.

Used daily for less than 6 months
Reviewed 2018-05-17
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Seth Greenwald

LSS is a great product

Used weekly for 1-2 years
Reviewed 2018-09-15
Review Source: Capterra

Pros
Produces professional looking statements

Cons
Cumbersome initially but with solid support

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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LOAN SERVICING SOFT pricing

Starting from
$7500
Pricing options
Free trial
One time license
Subscription
View Pricing Plans

Contact LOAN SERVICING SOFT for pricing information.

LOAN SERVICING SOFT features

Accounting Management
Audit Trail
Compliance Management
Electronic Payments
Reporting & Statistics
Workflow Management

API (229 other apps)
Accounting Integration (151 other apps)
Activity Dashboard (173 other apps)
Automatic Notifications (138 other apps)
Billing & Invoicing (157 other apps)
Customizable Reporting (141 other apps)
Data Import/Export (149 other apps)
Expense Tracking (139 other apps)
Financial Analysis (109 other apps)
Invoice Management (202 other apps)
Invoice Processing (130 other apps)
Multi-Currency (136 other apps)
Real Time Data (136 other apps)
Third Party Integration (160 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for LOAN SERVICING SOFT

Key features of LOAN SERVICING SOFT

  • Amortization Schedule
  • Application Management
  • Auto Loans
  • Automatic Funds Distribution
  • Client Database
  • Closing Documents
  • Collateral Tracking
  • Commercial Mortgages
  • Construction Loans
  • Credit Reporting
  • Customer Statements
  • Declined Loan Reporting
  • Electronic Applications
  • Escrow Management
  • Fee Management
  • Government Loans
  • HUD Settlement Statements
  • Historical Loan Information
  • Integrated Vendor Services
  • Investor Management
  • Investor Reporting
  • Letter of Credit Tracking
  • Loan / Debt Management
  • Loan Consolidation
  • Loan Level Pricing
  • Loan Origination
  • Loan Processing
  • Loan Searching
  • Loan Servicing
  • Loan Submission Control
  • Mortgages
  • Multi-Branch
  • Multiple Lending Products
  • Notifications
  • Online Application
  • Outsource Processing
  • Payment Book Creation
  • Payment Tracking
  • Pre-Qualification
  • Pricing Management
  • Promissory Notes
  • Rate Tables
  • Residential Mortgages
  • Rules Customization
  • Scheduling
  • Security & Encryption
  • Structured Settlements
  • Third Party Loan Origination
  • User Defined Scoring
  • Visual Presentation
View All Features