Applied Business Software Inc. (ABS) has introduced The Loan Office, a loan servicing software for managing loans, designed specifically for smaller lenders.
According to ABS, The Loan Office can collect payments, pay investors, print statements and more.
Other features include the following: letter writing, conversation log, fully integrated document imaging and management system, contact management, reminder system, user-defined fields, Real Estate Settlement Procedures Act-compliant escrow administration, unlimited unpaid charges per loan, payment processing, year-end tax reporting, built-in financial calculator, context-sensitive help assistant, and a minimum 11-hour-a-day software support.
"There has always been a need for powerful software for smaller lenders, and we understand the economics for small businesses when making these decisions," says CEO Jerry Delgado.
