Applied Business Software The Mortgage Office

The Mortgage Office from Applied Business Software is a loan management platform for private lenders, delivering accuracy and communication between lenders, borrowers and investors.

The product is sold as three packages that map onto how a private lending business is actually structured. Loan Origination is designed specifically for loans funded by private lenders, which is a different process from bank origination because the funding decision and the credit decision involve different people. Loan Servicing automates the ongoing management with accuracy at any scale. Fund Management automates contributions and distributions while protecting investor relationships.

Accuracy is the recurring theme rather than speed or features, and the company puts it bluntly: automated loan servicing that actually gets the numbers right. That emphasis is well placed, since a private lender's investors receive statements derived directly from the servicing arithmetic, and a discrepancy is not an internal problem but a conversation with the people funding the business.

Unlimited account servicing supports scaling without per loan cost pressure, enhanced reporting tracks loan status, and an online customer dashboard enables borrower payments. Repetitive servicing tasks are automated. User portals for both borrowers and investors make relationship management straightforward, and the platform accommodates however a lender chooses to structure its loans. Pricing is not published on the products page.