loan servicing Archives - Bryt Software

How Can Lenders Create an Effective Loan Collection Strategy?

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The gap between successful and struggling lenders is no longer about aggressive collection tactics. It’s about smarter systems. In analyzing hundreds of lending portfolios, I found that lenders with lower default rates actually spend less time on collections than their competitors. This shift underscores the need for proactive strategies over reactive ones. As the debt… Continue reading How Can Lenders Create an Effective Loan Collection Strategy?

Why Lenders Are Moving from Spreadsheets to Loan Management Software

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Loan servicing used to be simple: a few loans, fixed terms, and one trusted spreadsheet. You could track everything in a single file and back it up weekly without much hassle. But lending today is far more complex. Custom fee structures, variable rates, and investor reporting expectations have changed the game. Compliance requirements now call… Continue reading Why Lenders Are Moving from Spreadsheets to Loan Management Software

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]

Using Loan Servicing Software to Proactively Manage Loans at Risk of Default

Managing loans at risk of default is one of the toughest challenges I’ve seen lenders face. Rising default rates can disrupt cash flow, strain borrower relationships, and weaken the overall health of a portfolio. If there’s one thing I’ve learned, it’s that waiting until a loan defaults is far more costly—financially and operationally than addressing… Continue reading Using Loan Servicing Software to Proactively Manage Loans at Risk of Default

Top Benefits of Automating Amortization in Loan Servicing

Amortization is central to loan servicing, breaking down each payment into interest and principal portions over a loan’s term. But as you already know, managing these schedules manually is no walk in the park. It’s time-intensive and demands accuracy, especially as your loan portfolios grow. However, with Bryt Software, amortization shifts from a tedious chore… Continue reading Top Benefits of Automating Amortization in Loan Servicing

A Comprehensive Guide to Loan Management System Workflows

The success of lending institutions is now based on offering the best rates or the most attractive terms. You need to master the art of efficient loan management, ensuring every intricate detail is accurate and updated in a timely manner without spending hours at a stretch. This is where a loan management system jumps to… Continue reading A Comprehensive Guide to Loan Management System Workflows