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LOAN SERVICING SOFT

Loan Servicing software for private money/hard money lenders

see alternatives

LOAN SERVICING SOFT Pricing, Features, Reviews and Alternatives

LOAN SERVICING SOFT product overview

Price starts from

7500

One-time payment

Per Feature

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.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Knowledge Base
FAQs/Forum
Email/Help Desk
Phone Support

Training options

Live Online
Videos
Documentation
In Person
Webinars

LOAN SERVICING SOFT pricing information

Value for money

5.0

/5

13

Starting from

7500

One-time payment

Per Feature

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

LOAN SERVICING SOFT features

Functionality

5.0

/5

13

Total features

60

4 categories

Most valued features by users

Reporting & Statistics
Compliance Management
Workflow Management
Audit Trail
Accounting
Document Management
Contact Management
Promissory Notes

Functionality contenders

LOAN SERVICING SOFT users reviews

Overall Rating

5.0

/5

13

Positive reviews

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.75/10
Rating distribution

5

4

3

2

1

13

0

0

0

0

Pros
We switched our servicing software about 9 months ago to Loan Servicing Soft and it has been a very good transition. We are extremely happy with the service and extremely happy with the product.

SL

Sonia L.

Transitioning from one software program to another in our business is a major feat, but Jeff Tremaine and his techs are absolutely super and have been a great asset to the transition.

IB

Ira B.

We have 12 employees, we have been using the product for aprox 6 months and we love it. It is user friendly, the service has been great and most of all they respond to our needs immediately.

IB

Ira B.

Cons
It was hell getting it migrated from NoteSmith. I think we were given the wrong engineer to start.

ML

Matthew L.

We are a mortgage servicing company specializing in distressed loans.

SL

Sonia L.

Overall rating contenders

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Working with LSS

Reviewed 4 years ago

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Custom Auto-Decisioning & Servicing Software

Reviewed 6 years ago

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...

Pros

No pros were added to this review

Cons

No cons were added to this review

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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

Reviewed 3 years ago

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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A powerful loan servicing tool with lots of flexibility.

Reviewed 4 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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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LSS is a great product

Reviewed 4 years ago
Pros

Produces professional looking statements

Cons

Cumbersome initially but with solid support

LOAN SERVICING SOFT FAQs and common questions

Q. What type of pricing plans does LOAN SERVICING SOFT offer?

LOAN SERVICING SOFT has the following pricing plans:
Starting from: $7500.00
Pricing model: One Time License
Free Trial: Available


Q. Who are the typical users of LOAN SERVICING SOFT?

LOAN SERVICING SOFT has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


Q. What languages does LOAN SERVICING SOFT support?

LOAN SERVICING SOFT supports the following languages:
English


Q. Does LOAN SERVICING SOFT support mobile devices?

LOAN SERVICING SOFT supports the following devices:
Android, iPad, iPhone


Q. Does LOAN SERVICING SOFT offer an API?

No, LOAN SERVICING SOFT does not have an API available.


Q. What level of support does LOAN SERVICING SOFT offer?

LOAN SERVICING SOFT offers the following support options:
Knowledge Base, FAQs/Forum, Email/Help Desk, Phone Support

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