When it comes to your clients, you need an application that is going to take the grunt work out of the loan process and allow you to get right down to the bottom line. A number of commercial loan software solutions were developed by a combination of software programmers and real estate professionals. A higher level of experience during the software design phase results in a top tier software that will allow you to obtain quality data each and every time that you process a new commercial loan for a client.Its important to note that not every commercial loan software was created alike. Some programs have been designed to better facilitate borrowers, while others may have an emphasis on lender information processing. For many of you, a good all around software should do the trick. I have highlighted a few features that you should look for the next time you’re in the market for a new commercial loan solution:
In-depth property analysis
Strategic risk calculation
Current CAP rates
In-depth financial analysis
Net cash flow
Calculate a borrowers credit worthiness
Property analysis
Now please bear in mind that the above are not the only features available in these types of software. They will however give you a foundation to start on when trying to find a solid solution that fits your needs.Regardless of the commercial loan software that you choose, it should go above and beyond your expectations. This new program will become an integral part of your commercial lending business and may very well give you the competitive edge you need on the competition.