Benedict Group Inc
Computer Wholesaler
Why pick this one
Benedict Group provides commercial and multi-family loan servicing software with 30+ years in production and no per-loan charges.
Best for
- commercial mortgage lenders managing complex loan portfolios
- multi-family lenders handling escrow, modifications, and investor terms
- construction lenders tracking budgets, line items, fundings, and draws
- participation lenders needing investor allocations and reporting
- organizations requiring customer-hosted loan servicing software
Look elsewhere if
- businesses seeking consumer-focused lending software
- organizations requiring fully vendor-hosted software
- teams needing a mature browser platform immediately, since Benedict Servicing Pro is still rolling out
Specialties
- commercial mortgage loan servicing
- multi-family loan servicing
- construction loan servicing
- participation loan servicing
- escrow and ACH processing
- delinquency and workout management
- investor reporting
What makes them different
- Supports commercial, multi-family, construction, and participation lending scenarios
- Charges no per-loan fees and licenses by concurrent user
- Customer-hosted deployment on the customer's servers or cloud environment
- LFN has supported hundreds of thousands of loans and hundreds of billions in serviced loan volume
- Rule-driven configuration supports modifications, variable rates, deferred interest, draws, and investor terms without custom code
- Response time
- A request in the morning can be a delivered change the next day, sometimes the same afternoon.
Distilled from this business's own website.
Contact & Location
- Address
- 900 Small Dr, Elizabeth City, NC 27909
- Phone
- 2523304892
- Website
- http://www.benedictgroup.com/
- bgiinfo@benedictgroup.com
Services
- loan servicing software
- loan accounting and accruals
- collateral tracking
- payment processing
- portfolio reporting
- general ledger integration
- borrower and investor web portals
- loan servicing API