Category 1 Archives - Bryt Software

7 Features Every Loan Management System Should Have

For lenders, managing loans effectively requires more than just tracking payments. It’s also about optimizing the entire lending process that involves handling loan servicing, payment collection, compliance, and borrower interactions. Without the right tools, lenders may face operational issues, regulatory risks, and borrower dissatisfaction. This is where a robust loan management system (LMS) can be… Continue reading 7 Features Every Loan Management System Should Have

What You Should Know About Borrower-Lender Relationships to Improve Lending

Lending works best when borrowers and lenders trust each other. When borrowers feel informed and supported, they’re more likely to make payments on time, communicate issues early, and stay with a lender long-term. On the other hand, miscommunication and rigid policies create frustration, leading to missed payments and avoidable disputes. I’ve seen how small changes… Continue reading What You Should Know About Borrower-Lender Relationships to Improve Lending

6 Essential Tools to Simplify Private Lending Operations

Getting a loan funded is just the beginning of private lending; keeping it on track is where the real work begins. After origination, lenders juggle payments, delinquency tracking, investor updates, and compliance. Relying on spreadsheets and manual processes leads to errors, delays, and missed payments. I’ve seen lenders spend countless hours fixing mistakes, chasing payments,… Continue reading 6 Essential Tools to Simplify Private Lending Operations

Bad Debt Expense: How to Calculate, Track, and Manage It Efficiently

Lenders often face the challenge of borrowers failing to repay credit after it’s extended. Unpaid debts can disrupt cash flow, increase financial risk, and impact profitability negatively. Without a structured approach to track and manage bad debt, these losses can pile up, making it difficult to maintain a healthy lending business. Bad debt expense represents… Continue reading Bad Debt Expense: How to Calculate, Track, and Manage It Efficiently

A Guide to Setting up Flexible Repayment Terms for Borrowers

Lenders who offer flexible repayment terms don’t just help borrowers stay on track, they also protect their own loan portfolios. When borrowers have options that fit their cash flow, late payments drop, and your long-term relationships with them improve. I’ve worked with lenders who have struggled with rising delinquencies simply because their repayment structures were… Continue reading A Guide to Setting up Flexible Repayment Terms for Borrowers

Boost Loan Servicing Efficiency with Bryt’s Interest Accrual [+ Setup Checklist]

For lenders managing a growing portfolio, tracking interest accrual often becomes an operational challenge. The more loans you service, the harder it gets to keep accrual methods consistent, reconcile payments, and generate accurate reports. A slight miscalculation can throw off projections, create disputes with borrowers, or lead to compliance headaches. It’s common for lenders to… Continue reading Boost Loan Servicing Efficiency with Bryt’s Interest Accrual [+ Setup Checklist]

Top 3 Interest Accrual Methods Explained[+ Decision-Making Flowchart]

Lenders don’t lose money all at once—it happens in small, unnoticed ways. Interest accrual is one of them. A slight miscalculation in how interest adds up can throw off cash flow, shortchange earnings, or cause disputes with borrowers. Over time, these seemingly ‘small’ differences can accumulate into significant financial losses. I’ve seen lenders run into… Continue reading Top 3 Interest Accrual Methods Explained[+ Decision-Making Flowchart]

Key Components of a Well-Structured Commercial Loan

Having spent years in commercial lending technology, I’ve learned that structuring loans is more than just crunching numbers. It’s like designing a building—each part must work together to create a strong financial structure that meets unique business needs. Especially today, a well-structured loan isn’t just a foundation—it’s a framework for success. I’ve worked with many… Continue reading Key Components of a Well-Structured Commercial Loan

How Draw Schedules Reduce Risk for Lenders in Construction Financing

The space of construction financing can be risky. Lenders face constant challenges like cash flow mismanagement, unexpected project delays, and, worst of all, the possibility of projects being abandoned midway. Without the right systems in place, funds intended for construction can easily be used elsewhere, exposing you to unnecessary risks. That’s why I suggest using… Continue reading How Draw Schedules Reduce Risk for Lenders in Construction Financing

How to Use Bryt Software for Accurate Loan Payoff Calculation and Management

Optimize loan payoff accuracy with Bryt’s advanced calculator. Save time, reduce errors, and provide clear breakdowns for borrowers.

Loan payoff management is critical for maintaining trust and transparency between lenders and borrowers. Even minor errors can lead to confusion and delays, making accuracy essential. At Bryt Software, we’ve created a solution to simplify this process. Our tools streamline payoff management by tracking interest accruals and calculating fees precisely. Manual calculations are time-consuming and… Continue reading How to Use Bryt Software for Accurate Loan Payoff Calculation and Management