Loan Modification Software

Loan Modification Software is a tricky business. We have evaluated the top providers by purchasing their product, and/or using their free trial and of course looking into their websites and the companies we could track down that have purchased the software. For the reasons that will follow we like the FalconDox software by Falcon Credit Management.

Unlike the industry it services Loan modification software companies tend to have reasonable quality websites which is a step up from most of the service providers we have seen. Unfortunately this makes it more difficult to find the flaws but for many it didn’t require much more investigation.

Computer Software is like any other product or service. It is the result/product of the people that make it. For example, there is a reason why Great Chef’s put their name on a restaurant. Coincidentally we only found on company out of the major national providers that listed the resume of anyone working on the software. Following contact with the software providers and analysis of computer frameworks and languages from a previous century we concluded that the majority of these shops are part-timers. Many times the loan modification software is being sold well before it is completed and riding off an industry norm to promise free updates on complex modules that are music to the ears of a business owner.

Rather than go into detail on the fundamental flaws we will mention a few key points to keep in mind when evaluating your Loan Modification software. You won’t have to be a computer programmer to look at the “free demo” commonly available and see if it is “scalable”(if there is no demo…well, if loan modification software was your business you would have a demo). Scalability relates to complexity which relates to quality. Scalability can be judged by the ability to customize to different situations. Examples are being able to specify: different property addresses, different income sources, interactive client portal, video tutorials for do it yourself loan modification software and services. Start with those (we have many more) but that will narrow your list.