LOAN SERVICING SOFT is the most advanced loan servicing software on the market. This next generation loan servicing software is a culmination of 35 years of loan servicing and mortgage loan software industry knowledge and know how. Designed for all lending industries from private money/hard money to enterprise, high volume portfolio lenders/loan servicers. Investor support, trust accounting, servicing fees and Quickbooks Interface/GL Interface make our lending software an ideal loan servicing software for private lenders, while features like lockbox, workflow and task management and Metro 2 credit reporting make it an ideal solution larger, more conventional lenders and loan servicers. LOAN SERVICING SOFT is a best of breed mortgage servicing software platform for mortgage lenders both large and small.
Ease of Use
Likelihood to Recommend
Used the software for: Less than 6 months
“I wish we'd made the change sooner...”
Overall: 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.