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Updated about 1 month ago on . Most recent reply

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Patrick Henderson
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Is there a service I can use to manage my private lending?

Patrick Henderson
Posted

Is there a subscription base service I can use to become a lender much like a landlord would use Himlane or Turbo Tenant?  I have the capital but I am looking for a platform to manage receiving ACH payments as well as creating legal docs through templates to send to borrowers.  Please advise if a service like this exists.

  • Patrick Henderson
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    Jeff S.#5 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Los Angeles, CA
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    Jeff S.#5 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Los Angeles, CA
    Replied

    The private lending industry is awash in software solutions, @Patrick Henderson:

    Find the Best Loan Servicing Software

    These will help you run and organize your lending business. Of course, they are not substitutes for solid lending criteria, well-established practices, and the relationships that form the basis of most successful loans.

    Alternatively, investing in a syndicated mortgage fund will defer all loan management to a sponsor, who would take care of this for you.

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