Category: Loan Servicing System
February 18, 2021
10 Features of the Perfect Loan Management Software
For a long time now loan origination and loan servicing systems together also known as loan management systems have been largely paper-based. These systems have also principally been dependent on human support and as such prone to human errors. However, with the world coming to[...]
February 11, 2021
Why Should You Use A Cloud-Based Loan Origination and Loan Servicing Platform?
Automation and cloud computing have brought in a whirlwind of change globally and the financial services industry is no exception. As such, traditional banks and lenders all over the world are now looking to adopt and implement these disruptive technologies to boost their efficiency and[...]
January 29, 2021
How to Improve Your Lending Compliance and Reporting with Loan Servicing Software
In the dynamic landscape of lending, the significance of compliance and reporting cannot be overstated. Navigating the intricate web of laws and regulations, including the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and Fair Credit Reporting Act (FCRA), is imperative for[...]
January 22, 2021
Loan Servicing Software: How It Works and Why You Need It as a Lender
In the dynamic landscape of today's lending industry, navigating the complexities of managing a loan portfolio requires precision and adaptability. From the intricacies of payment processing to the intricacies of collections, accounting, and reporting, various components demand meticulous attention. Enter loan servicing software – a[...]