Applied Business Software, creators of The Mortgage Office, have introduced The Loan Office, a system that lets small lenders manage loans, collect payments, pay investors and more. The software features QuickBooks integration, a document imaging and management system, RESPA-compliant escrow administration and more.
According to ABS, The Loan Office was created to meet smaller lenders’ need for flexible, inexpensive software.
“There has always been a need for powerful software for smaller lenders, and we understand the economics for small businesses when making these decisions," said 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.”
A leading mortgage technology provider has released a product specifically aimed at small lenders.