What are the best loan servicing software?

As of my last update in October 2023, several loan servicing software solutions are highly regarded in the industry for their features, usability, and customer support. Here are some of the best loan servicing software options:

1. **FIS LoanServ**: A comprehensive loan servicing platform that supports various loan types, including mortgages, auto loans, and personal loans. It offers robust reporting, compliance features, and integration capabilities.

2. **Black Knight MSP**: Known for its scalability and flexibility, Black Knight's MSP platform is widely used in the mortgage servicing industry. It provides tools for loan management, payment processing, and customer service.

3. **Sageworks**: This software is designed for financial institutions and offers loan management, risk assessment, and compliance tools. It is particularly useful for community banks and credit unions.

4. **LoanPro**: A cloud-based loan servicing software that offers customizable features for managing loans, payments, and collections. It is suitable for various lending types, including consumer and commercial loans.

5. **Calyx Software**: Primarily focused on mortgage lending, Calyx offers a suite of products for loan origination and servicing. Its software is user-friendly and integrates well with other financial tools.

6. **LendingWise**: A comprehensive loan management platform that supports various lending types. It offers features for underwriting, servicing, and reporting, making it suitable for both small and large lenders.

7. **Mortgage Builder**: This software provides end-to-end mortgage loan servicing solutions, including compliance management, reporting, and customer service tools.

8. **Servicing Solutions**: A platform that offers a range of services, including loan servicing, collections, and customer support. It is designed for both traditional and alternative lenders.

9. **ZimpleMoney**: A cloud-based solution that focuses on peer-to-peer lending and small loan servicing. It offers features for managing loans, payments, and borrower communications.

10. **Mambu**: A cloud-native banking platform that provides loan servicing capabilities along with other banking services. It is particularly popular among fintech companies and neobanks.

When choosing loan servicing software, consider factors such as the specific needs of your business, the types of loans you service, integration capabilities, user experience, and customer support. It's also beneficial to request demos and trial periods to evaluate the software before making a decision.