Applied Business Software  (ABS) recently released a new loan servicing software, The Loan Office , which is specifically designed for smaller lenders who need a powerful, yet affordable, solution for managing loans. The company is best known as creators of The Mortgage Office.
According to the company, The Loan Office is a system ideal for managing loans, collecting payments, paying investors, printing statements, and more. ABS has created versatile solutions for private lenders, investors, brokers, mortgage lenders, attorneys, originators, fund administrators, and accountants for over 35 years.
"There has always been a need for powerful software for smaller lenders, and we understand the economics for small businesses when making these decisions," commented Jerry Delgado, CEO of Applied Business Software. "The Loan Office fills that gap. It allows customers to start out with an affordable solution, and then upgrade later to our larger enterprise, multi-module software The Mortgage Office as their business expands and grows."
Features of the program include QuickBooks integration, letter writing, conversation log, fully integrated document imaging and management systems, contact management, reminder systems, user-defined fields, as well as RESPA compliant escrow administration. The company believes the product is the answer for small lenders and their need for powerful, flexible, compliant, and affordable software.