Marketplace Lenders have very little choice when it comes to loan servicing software or LMS (loan management software). Most options available are either built on older technology that aren’t designed for today’s online environment or they are built on blackbox third party components that limits online lender’s ability to create a seamless experience from origination to servicing. LendFoundry.com’s LMS is built with that in mind, lenders can call up payment history, payment reminder, missed payments, delayed payments etc by calling these micro services from LendFoundry.com’s platform.
We’ve also created a beautiful interface for our customer’s servicing representatives to log all activities and interactions with their clients, push payments, delay payments, freeze loans. We’ve built the most common amortization scheduling to help our clients to move principal and interest forward in any situation during the loan servicing period.
Our platform allows unlimited amount of customer service representatives to login and service any number of loans simultaneously. Our LMS or Loan Management System has the ability to add new payment sources, reschedule payments and re-amortize loans that’ve missed a regular reschedule payments or add additional payment amongst other servicing related activities. Our customers can chose to use LendFoundry's interface or call up any micro service to embed within their home grown system.