Selecting the Best Loan Servicing Software Vendor for Your Business

Banks, credit unions, and auto finance dealers may often wonder how they can choose the best loan servicing vendor for their business. You’ll want to be sure to select a vendor who understands everything about the lending cycle and whose associates have a lot of experience. Consider only those vendors who are well-established and have a continuous focus on the lending industry.

Take the following things into account when thinking about how to select a loan servicing software vendor for your business:

  • Cloud-based or on-site hosting
  • Web-based UI
  • Your short and long-term business needs
  • Comprehensive servicing functionality
  • Easy to deploy and easy to learn software
  • 24/7 technology and customer service support
  • Proven track record
  • Features and functions your business needs