The Mortgage Office Pricing Plan & Cost Guide

The Mortgage Office

Web-based mortgage and loan servicing software

4.82/5 (145 reviews)

The Mortgage Office Pricing

Pricing model: One-time License

Contact The Mortgage Office for price information or a quote

Competitors Pricing

Harvest

Starting from: $12.00/month
Pricing model: Freemium, Subscription
Free Trial: Available (No Credit Card required)

ChargeOver

Starting from: $65.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

FreeAgent

Starting from: $20.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Recurly ®

Starting from: $99.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

RevX Revenue Management

Starting from: $995.00/month
Pricing model: Subscription

Pricing Comparison

How does The Mortgage Office compare with other Finance & Accounting apps?

Subscription plan?

The Mortgage Office



98% of apps offer a
subscription plan

Free trial?

The Mortgage Office



84% of apps have a
free trial

Freemium plan?

The Mortgage Office



20% of apps have a
freemium plan

Pricing Comparison

Finance & Accounting app prices shown are $/month

Please note: For comparison purposes the price for The Mortgage Office has been scaled monthly. Actual price is $/per year




The Mortgage Office Pricing Reviews

Pros
  • It's a powerful product that I love using every day. Very, very happy.
  • Ease, accuracy, long established Vendor. product is the best in this class by far and we have used 2 others.
  • the software is easy to use, customize-able and easy to add and edit forms. Most of the applicable fields are readily available
  • I most value The Mortgage Office's versatility and capabilities. I service many thousands of loans very easily from the software.
Cons
  • up front Cost is too high. Vender requires ongoing monthly maintenance fees which can get expensive.
  • A web-based system would be much more convenient as remote access is tricky. We would also add a couple users if the cost were a bit lower.
  • It's expensive, initial costs and monthly fees but it does so much of what we need. The only feature I have trouble with is the customized reports.
  • the cost is a little high as there is little to no competition in at this level. It would be nice if the system could be web based or apple compatible.
95%
recommended this to a friend or a colleague

16 reviewers had the following to say about The Mortgage Office's pricing:

Chris Gleason

Completely Intuitive

Reviewed 2011-02-27
Review Source: Capterra

If you have any significant experience with computing software at all, The Mortgage Office is completely intuitive. It gets the job done, doesn't allow you to make silly errors, runs quick and clean, and presents information in a professional, logical manner. The customer service from Applied Business Software is always readily available and each support rep has extensive knowledge of the software. If it can be done, they know how to do it. Completely Intuitive. Easy to Use. Operates Quickly. Runs Clean. Tech Support is Excellent. Presents Information in a Professional Manner.

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The Mortgage Office

Web-based mortgage and loan servicing software

Brett Zaroff

Should've bought it years earlier!

Used daily for 2+ years
Reviewed 2016-12-13
Review Source: Capterra

I've used different loan servicing products over the years, and The Mortgage Office is hands down light years ahead of other systems I would know because I purchased and used 3 other products! Each one I bought was mainly based on cost (they were cheaper). I really wish I had bought The Mortgage Office the first time around. It's very easy to use, the tech people are fantastic, and it's a robust system that has bulletproof calculations and does everything a private lender could ever dream of. Whether running statements or filtering loans by type, everything is just a click or two away. I am very happy with this software great product, great company, great time in place. I highly recommend it for anyone servicing loans it's a great value.It's a powerful product that I love using every day. Very, very happy.

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The Mortgage Office

Web-based mortgage and loan servicing software

Paul Rios

Hard Money Origination and Servicing Program

Reviewed 2014-04-23
Review Source: Capterra

We have been using ABS software since 1986. If your arranging and servicing Notes and Trust Deeds and your volume dictates getting a top of line program, ABS is the company! Not cheap, but we have NEVER had an issue with the software in 28yrs!! That means a lot! It is very easy to learn and use. I can recommend ABS without hesitation!

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The Mortgage Office

Web-based mortgage and loan servicing software

Todd Pigott

The software simply works and does exactly what it should do with no bugs

Used daily for 2+ years
Reviewed 2018-02-20
Review Source: Capterra

Ease, accuracy, long established Vendor. product is the best in this class by far and we have used 2 others.

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The Mortgage Office

Web-based mortgage and loan servicing software

Jennifer Guevara

???

Reviewed 2014-04-21
Review Source: Capterra

Satisfied customer for over 10 years. Software gives us good results for a fair price.

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The Mortgage Office

Web-based mortgage and loan servicing software

Annette Rubelmann

The Mortgage Office

Reviewed 2014-04-23
Review Source: Capterra

Overall good software. The emphasis is really on mortgage lending, though it works fine for our commercial portfolio. Support is good. Not crazy about the pricing structure-- 4 users, or a big jump to 10, I believe. Nothing in between.

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The Mortgage Office

Web-based mortgage and loan servicing software

Eric Covey

The Mortgage Office is very capable software.

Used daily for 2+ years
Reviewed 2018-06-20
Review Source: Capterra

I most value The Mortgage Office's versatility and capabilities. I service many thousands of loans very easily from the software.

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The Mortgage Office

Web-based mortgage and loan servicing software

G Bonine

The Mortgage Office

Used daily for 2+ years
Reviewed 2017-08-24
Review Source: Software Advice

Customer Support is always there to help whenever it is needed. Good value for the money. Software is extremely versatile, and is easy to use.

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The Mortgage Office

Web-based mortgage and loan servicing software

Chris Haddon

It's the flagship software in our industry and I can say it definitely makes us more money

Used daily for 6-12 months
Reviewed 2017-06-16
Review Source: Capterra

It makes our company money in a few ways: 1) ACH payments to investors and accompanying notification by email. Every week when we send out interest payments, investors reply and offer to send us more capital. 2) Timely borrower payments. The paper and email payment coupons plus being able to pay by check or ACH ends up collecting a higher percentage of payments than we would get prior to using TMO. 3) Reporting. We're able to keep a close eye on our portfolio which is very useful for managing defaults but it also allows us to keep good client data in front of our sales people that they turn into more loans.

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The Mortgage Office

Web-based mortgage and loan servicing software

Carol Ussery

We love TMO, we use it all day, every day

Used daily for 2+ years
Reviewed 2017-08-22
Review Source: Capterra

Ability to service more loans, this program helps track everything we do as a team, lates, payments, interest rate changes, multiple lenders, multiple vendors, fractionalized notes, credti reporting, IRS reporting, online access for borrowers and lenders, and on and on and on.This program makes servicing thousands of loans possible. So many reports available to our lenders and borrowers. It tracks everything and allows us to report to credit. We love it and so do our clients and customers.

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The Mortgage Office

Web-based mortgage and loan servicing software

Kip Adkins

TMO is the gold standard for private money loan origination and servicing

Used daily for 2+ years
Reviewed 2017-08-14
Review Source: Capterra

the software is easy to use, customize-able and easy to add and edit forms. Most of the applicable fields are readily available

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The Mortgage Office

Web-based mortgage and loan servicing software

Angela Ruland

Found what we were looking for

Reviewed 2015-06-12
Review Source: Capterra

We looked through many products, to find the right fit for our business. As many of you know, who have or are searching yourselves for the right software, it's time consuming and often a total disappointment! The cost of the product is high as well as the promises it will do everything you need and more, until it doesn't. When we decided on The Mortgage Office, we found the right fit for us! It really is the best software for servicing we've found! We are happy to now streamline the work flow so we can continue to grow our company with ease!

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The Mortgage Office

Web-based mortgage and loan servicing software

Joshua Amini

Great Product / Weak Service

Used weekly for 6-12 months
Reviewed 2016-07-25
Review Source: Capterra

The sales pitch was outstanding. If you want to get someone on the phone from the sales team, boom - they're on. The software itself has been a godsend. We were doing all of our statements on Word and Excel, and we would spend ours getting everything right. As we've grown in size (we have over $150 million in loans outstanding now), we almost had no choice to buy software to help manage the behemoth we've become. We sampled some other cheaper software, but The Mortgage Office is clearly the best one out there. That doesn't mean it's perfect - I am not a big fan of the statements the software generates. For example, on an investor statement, the "interest paid in 2016" box at the top right of the statement shows the gross interest paid. I essentially want it to show the net interest paid (interest less servicing fees). There is an option to do that, but then the statement hides the servicing fees we charge our investors. I like to be transparent and show our investor what they are getting net, but also show them the servicing fees. To get this done The Mortgage Office wanted to charge huge sums of money to customize. I am also not a big fan of the investor statements in general, there are a lot of aesthetic issues that need to be fixed, but they refuse to do it unless I pay them. Regardless of the minor issues described above, the software is good and worth the money. My biggest gripe is with customer support. When you get the support team on the phone, they are incredibly polite and knowledgeable, and always solve my problems. I would give the 5 stars if I could. The reason I am giving them 2 stars is not because of them, they are great. They are just incredibly understaffed, and I've never gotten one of them on the phone. I have to leave a message, and they rarely get back to you same day. It usually takes 24-48 hours, which is just absurd in our business. I even told one of the owners that I am willing to pay a much higher monthly fee (it's about $175 per month for service) if they could staff properly and have people pick up the phone when you call. I would seriously pay about $500/month to make this possible. I am running a $150 million business, and I need to know that I can reach someone within minutes when I have a time sensitive question. This is the reason I would most likely not recommend this product. If they can resolve this issue I would give the company all 5 stars.Great tool to track loans, monitor loans, produce useful reports, produce borrower statements that are accurate, produces decent lender statements, the customer service reps are very helpful and knowledgeable, the software is relatively easy to use once you really study it.

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The Mortgage Office

Web-based mortgage and loan servicing software

David Brody

There is no substitute

Reviewed 2014-04-17
Review Source: Capterra

If you are looking for servicing software look no further. This product is easy to use, gives you the ability to have multiple lenders in a loan, and has GREAT customer service. If you need anything, from a simple question to a unique situation, this team can do it and walk you through it. The software has great reports, that look very professional and allow you to customize what you would like to list. From posting to investor distribution this software does it all. Just a few people can do the work of many since it automates just about everything. You save on people, and that is the most expensive part of your business. We had demonstrations from 4 other software packages, and nothing came close. We have been using the mortgage office for the past 5 year, and do not have any regrets. If you are looking for mortgage servicing software, stop looking, step up and buy The Mortgage Office. D. Brody B&Z Asset Management Corp. Miami FL

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The Mortgage Office

Web-based mortgage and loan servicing software

Richard Temme

ABS-TMO Loan Service Software

Reviewed 2014-04-19
Review Source: Capterra

My mortgage company invested in the ABS loan service software in 1981. We were lucky to have originally selected ABS because, through the years, they have outperformed the other companies we've examined, that have developed along the way. ABS has continued to frequently upgrade not only their programs but the software and systems that drive their loan service software, TMO. I've been very happy with the customer service; however, some of our employees have on occasion expressed a desire for higher levels; in fairness, I believe the ABS customer service is above the average of most software companies with which we've dealt. Accommodating convenience and ease of use is strong. ABS allows huge volumes of supporting files, loan documents, appraisals, ETC, to be available at a click from within a specific loan file; more important is that the method they've designed does so without noticeably slowing the system. ABS appears to have strived to accommodate requirements of the many new loan servicing regulations as they have developed in recent years. Although, we have worried about ABS meeting some of the required loan service deadlines and on a few occasions began developing work around procedures in case the programming changes were not made in time. In the end, our concerns were unnecessary and ABS delivered by the regulatory deadlines. Note: The software agreement is unusual; potential clients should carefully read and understand the agreement which is easy to inadvertently violate by accessing the program from a home or other remote connection unless a single laptop is used in all locations in conjunction with a single dedicated terminal server. In the end, the negative issues mentioned herein are relatively small in relationship to the overall quality and ease of use of the product and of the company's history of updating the quality and performance of their systems as well as accommodating the required regulatory changes. I have not seen another system I'd rather have; even at a much higher price.

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The Mortgage Office

Web-based mortgage and loan servicing software

Robert Kearney

Owned for over three years. Very complex, Updates routinely have major bugs. Understaffed Support.

Used daily for 2+ years
Reviewed 2017-08-03
Review Source: Capterra

We service a private loan portfolio and prepare 1098 forms for borrowers. This has worked well in the past, but current bugs are causing concern that the 1098 forms will need to be double checked during the very busy month of January. The concept and theoretical flexibility of the software is really cool. The reports are generally well formatted. Borrower communication options are varied and allow easy email, but the calculations need to be correct.

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The Mortgage Office

Web-based mortgage and loan servicing software