All Forum Posts by: Bob Schulte

Hey Robert, love what you're doing to help sellers with financing! Here are a couple of software options that I think might be a good fit alongside those third-party services:

1.  BrytSoftware: This user-friendly platform streamlines tasks like loan payments, statements, and communication with automated workflows. It caters to various loan structures and offers cloud-based access for on-the-go management. Plans start at just $59 per month, making it an attractive option for cost-conscious sellers.
   
2. LendFoundry Loan Servicing Solution (LSS): This robust software offers features like loan tracking, repayment allocation, delinquency management, and investor reporting. Its API-based design integrates with existing loan origination systems and scales to accommodate growing portfolios.
   
3.  LoanPro Loan Servicing Software: This software boasts a borrower portal that allows borrowers to view loan details, make payments, and communicate directly with the lender. LoanPro offers strong compliance features and integrates with various accounting platforms. Pricing is typically based on loan volume.

These solutions will help with automating tasks related to complying with your state's regulations around private lending.

Your plan A of recommending a 3rd party servicer remains sound. However, BrytSoftware and LendFoundry provide a user-friendly alternative for sellers who want a bit more hands-on approach.

Hope that helps with your search for software!