what software are you using to service your hard money loans?

[Andrew C.]

Have agreed on terms on a hard money loan to an investor I know well. I can have them just setup an ACH for the monthly payments, etc...but I feel like this would be easier with some automation, and there just must be something that's already setup for this. This is our first such loan. Not sure if we'll do more, but it surely won't ever be high volume...so expensive or highly customizable solutions don't make a lot of sense. Just looking for something basic.  Any suggestions?

[Corby Goade]

We just run our note and everything through a long term escrow provider. I use the title company that I work with for everything. 

[Chris Seveney]

Quote from @Andrew C.:

Have agreed on terms on a hard money loan to an investor I know well. I can have them just setup an ACH for the monthly payments, etc...but I feel like this would be easier with some automation, and there just must be something that's already setup for this. This is our first such loan. Not sure if we'll do more, but it surely won't ever be high volume...so expensive or highly customizable solutions don't make a lot of sense. Just looking for something basic.  Any suggestions?

 Yes use a servicer like FCI or Madison management or others.