A large non-bank lender has signed a major software developer to manage its loan portfolio.
Applied Business Software, developer of servicing software The Mortgage Office, has announced a deal with JEM Real Estate Partners to provide technology to service the lender's portfolio. JEM Real Estate Partners is one of the largest non-bank lenders in Ohio.
Applied Business Software president Jerry Delgado indicated that the company would provide "bulletproof and professional" reporting to JEM Real Estate Partners' investor base, and aid in managing its portfolio of rehab loans.
"We are pleased to add them to our growing family of customers, and I have no doubt The Mortgage Office will help them service their portfolio of commercial loans and manage their investment base more efficiently and with greater profitability," Delgado said.