FAQs

A: We offer a couple main services; a Loan Origination System for private lenders, and a Loan Management System for mortgage brokers. Additionally, we are integrated with credit and background reporting companies, appraisal management companies and a referral marketplace all with-in our software solutions.

A: The Loan Origination System is $99.99 per month and the Loan Management System is $69.99 per month. Both have a one-time set-up fee and an option for a one-time annual payment which reduces the overall cost.

A: Our skilled team of developers can have your white labeled portal up and running within 1-3 business days. Virtual training is also available before and after the portals are set-up to ensure a smooth transition. The intuitive dashboard makes it easy to manage your pipeline and process loans.

A: The software is a cloud-based platform available to you wherever you have an internet connection. Our Loan Management System is available as an API that goes directly into your website allowing for quick and easy set up.

A: Our software is designed for residential properties. Single-family, 1–4-unit multi-family, 5+ apartment complexes and mixed-use properties.

A: BLN Software takes data security very seriously and implements industry-standard security measures to protect sensitive information. Our platform uses encryption technology, firewalls, and secure servers to ensure the safety and confidentiality of your data.

A: As the user entering the information into your BLN Software portal, you are the owner of the data. Exporting the information, including client lists and loan files, can be done at any time. There is no fee for exporting your data from the portal.

A: Our Loan Origination Software streamlines the process by organizing the tasks involved. This includes loan application intake, document management and processing. The software also makes it easier to track and manage loan applications and client data, reducing the risk of errors and improving the overall efficiency of the lending process.

A: We can integrate with CRM’s, servicing software’s and most other platforms. Additionally, we are integrated with CIC Credit, Lexus Nexus, Private Lender Link, Salesforce, Connections and Appraisal Nation.

A: If a client in our system does not have a lender to fund their deal, they can refer the deal through our Referral Portal partnership with Private Lender Link. Private Lender Link, which has a database of lenders, will review the deal specifics, and suggest any suitable lenders for the deal.

A: To submit a loan request to our Referral Marketplace, click the “Refer to PLL” button in your portal.

A: BLN Software charges a user fee for the Loan Management System and Loan Origination System.  BLN Software does not make money on deals closed internally through our platform. Additionally, we charge small fees on credit and background orders and we take a small fee on transactions completed through our merchant account.

A: To sign up as a Lender with BLN Software, please fill out this form to request a demonstration of our Lender Portal. A representative will contact you to schedule your demo.

A: To sign up as a Broker with BLN Software please click here and complete the web form.

A: Training on our platform is conducted virtually through Zoom and can be tailored to your business and team’s needs.  We offer group trainings as well as one on one trainings, with larger group trainings being more time intensive. We’re here to help your team be successful in our software, and that can only be accomplished if they are comfortable utilizing all the features.

A: Your borrower/broker/lender partners can have limited access to the loan file you are processing, allowing them to upload required documents. To have further access they will need to have access to their own portals and will need to reach out to our team for more information.

A: Private money loans are a specific type of asset-based loans that are secured by real estate collateral. These loans are generally given through private investors or companies.

A: Short term financing which bridges the gap until another financing, typically traditional financing, is acquired.

A: A fee paid by one Private Money Lender to another for referred business. Referral fees are common for commercial loan transactions between hard money lenders, brokers and investors.

A: Loan origination is the process where a borrower applies for a loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds. The loan origination system is an online portal where lenders can process loans, upload documents and communicate with the broker or borrower.

A: The intuitive Broker Loan Management System from BLN Software digitalizes the process enabling brokers to upload and store their client’s information for their lenders to review.