Why Your Real Estate Brokerage Agency Should Utilize A Loan Servicing Software System

Posted on: 19 July 2018

Running a real estate brokerage agency can be a very complex position to be in. There are a lot of balls to juggle as you help your clients find homes and obtain the mortgages they need to purchase them. Keeping track of everything can be difficult, especially if you are using outdated filing methods. You can completely change the game by switching over to a hard money loan servicing software system. Keep reading so you can get some more details on why your brokerage agency should start utilizing a digital loan servicing program.

Software Systems Keep You in the Know

When new mortgage programs come on the market, you want to be aware of them as soon as possible. The faster you can find out which mortgage programs are out there, the faster you can make your clients aware of them so they can apply and get the jump on the competition.

A loan servicing program connects to the Internet, and there is an automatic scan each day that scours the Internet in search of the best programs. Maybe you have a few clients who are veterans, first-time home buyers, or part of some other group that qualifies for a special rate. You want to be able to recommend the very best programs to these clients, and the digital software system is going to help you do just that.

Run Reports in a Jiffy

Having to compile reports on a daily or weekly basis is tough when you have a ton of other responsibilities to attend to. You need to keep track of the loans that your clients have for compilation purposes, but it's hard to go into the accounts and find this information by hand. 

The loan servicing program system will take care of this complicated task for you — whether you want a report that lists the percentage of clients who qualified for a particular loan type or what their statistics happen to be. This gives you ready access to the information that you need to make the most accurate recommendations to the new and current clients who need suggestions for which loan to apply for. 

Using a digital loan servicing system is sure to be the very thing that takes your agency to an entirely new level. Pick out your servicing system, and put it to use. Once you see how easy it is to navigate, you'll see why you should make it an integral part of your business.