Servicing platforms keep the loan ledger after funding: payments, statements, fees, collections and investor reporting. The rules they support and nine platforms are covered in the loan servicing platform guide; profiles here include LoanPro and Canopy.
Questions
What is loan servicing software? The system of record for a loan after it is funded, which posts payments, applies interest and fees and runs collections.
How is servicing different from origination? Origination ends at funding; servicing runs for the life of the loan.
Source: each provider’s own documentation, product pages, official announcements and filings, and official registers for licences, as linked in each profile. Fields a provider does not publish stay empty. How we build profiles: methodology.