Benedict Servicing LFN
benedictgroup.com
Spec sheet
- Purpose
- Benedict Servicing LFN is desktop loan servicing software for commercial and multi-family lenders.Read 7 Oct 2026 · benedictgroup.com
- Intended users
- The maker identifies commercial and multi-family lenders, housing finance agencies, insurance companies and other complex lending operations as audiences for its servicing software.Read 7 Oct 2026 · benedictgroup.com
- Deployment
- LFN can be hosted on in-house servers or in the cloud, according to the product page.Read 7 Oct 2026 · benedictgroup.com
- Integrations
- The maker describes customizable general-ledger exports and scheduled exports for a GL, data warehouse and mail merge.Read 7 Oct 2026 · benedictgroup.com
- Support
- The maker describes a US-based point of contact and hourly support; its pricing page lists support at $190 per hour.Read 7 Oct 2026 · benedictgroup.com
- Escrow and payments
- It supports escrow analysis and disbursement, ACH, wire and lockbox processing, and real-time or batch payment processing.Read 7 Oct 2026 · benedictgroup.com
- Fees
- LFN has no per-loan fees, and the maker says no maintenance contract is required.Read 7 Oct 2026 · benedictgroup.com
- Loan lifecycle
- LFN supports servicing from application through payoff using configurable rules and parameters.Read 7 Oct 2026 · benedictgroup.com
- Loan structures
- Supported loan scenarios include construction, participation, bridge, mezzanine, revolving credit, variable-rate, deferred-interest and modified loans.Read 7 Oct 2026 · benedictgroup.com
- Reporting
- LFN includes more than 280 reports and a ReportWriter with Excel and PDF export; power users can use SQL access.Read 7 Oct 2026 · benedictgroup.com
- Security and audit
- LFN offers groups, password rules and function- and field-level controls, plus a field-level audit trail with before-and-after values.Read 7 Oct 2026 · benedictgroup.com
Plans and prices
Each additional concurrent user $3,500, paid once One-time fee at purchase Per additional concurrent user · users added after initial purchase are $4,500 each Read 7 Oct 2026 · benedictgroup.com
Base license (includes 3 concurrent users) $29,500, paid once One-time perpetual system license fee Includes 3 concurrent users · no per-loan fees Read 7 Oct 2026 · benedictgroup.com
Where Specifiction places it
- Commercial Loan Software#4 of 197.6
- Loan Management Software#12 of 307.6