LOANLEDGER Software

Pros

Easy to use and collect data. Saves a lot of time instead of doing a lot of this manually. easy to get annual interest on everyone

Cons

I dislike having to re-do everything each year. i have a hard time getting this done. i usually have to have customer support walk me through t each year.

Pros

simple program, accurate reporting,

Cons

no escrow reconciliation, confusing steps to correct input mistakes and way too expensive renewals costs

Pros

Cost efficient.
Since I have been using it for 9 years, it is easy for me to navigate.
Prints satisfactory reports.

Cons

customer support

the fact that it is NOT cloud based and I have to do the annual uploads.

We recently tried to move it off one server and on to another and we were left with NO customer support to do so. I was not able to access my database for over one week. It is scary,,,,,

we are actively looking for another company to service our needs.

Pros

The program is not difficult to learn how to use. sssssssssssssssssssssssssssssssssssssssssssssssssss

Cons

Payoff statements cannot be customized (to my knowledge). Program sometimes freezes after 1-2 hours of inactivity - have to shut down and log back in. Have never been able to get loans to automatically apply principal and interest payments correctly.

ease of use on a daily basis

Pros

simplicity, easy-on-the-eye graphics
help is just an email away,,,,,
loan accounting features are intuitive

Cons

reports can be a bit clumsy
error messages are hard to decipher
no warnings when you get an error, you are just booted off

Pros

It is easy to use and somewhat user friendly. The software is easy to follow and has just the right features I need.

Cons

I wish I was able to print more than report at a time to my screen. If I forget to close out of one report and try to print another report I get an error message and get kicked out of the software.

Low cost with big results. This program does everything we need to service multiple loan portfolios including a wide range of reports. This keeps our investors up to date each day. There are several "modules" available that can be integrated into the base program that would give even more flexibility however they are functions we don't need. It's great to know however, that if we need them in an expanded capacity we have access to them.

Pros

This is the second company I have run and purchased this program for. My reasoning is simple, it is designed for the small to mid size servicer and not a tremendous amount of training required. If you can read you can use this system. Also, it has given us the opportunity to handle several companies at once without a huge cash outlay. My staff have been very successful using virtually all of the functions enveloped within this program!

Cons

The system is virtually identical to what I purchased 25 years ago and could use some updating in its' appearance. That said, it functions just fine!