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Updated about 1 month ago on . Most recent reply
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Is there a service I can use to manage my private lending?
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.
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- Lender
- Los Angeles, CA
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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.