Benedict Servicing LFN vs Margill Loan Manager
Benedict Servicing LFN
benedictgroup.comMargill Loan Manager
margill.comSide by side
| Figure | Benedict Servicing LFN | Margill Loan Manager |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | — | Yes |
| Windows | Yes | Yes |
| macOS | — | Yes |
| API | — | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 2 | 1 |
| Spec score · Loan Management Software | 7.6 (#12) | 7.8 (#9) |
| Deployment | LFN can be hosted on in-house servers or in the cloud, according to the product page. | The software is Windows-based and supports Citrix or Remote Desktop, Mac running Parallels, network installation, Margill Azure Cloud SaaS, and a customer's own cloud. |
| Integrations | The maker describes customizable general-ledger exports and scheduled exports for a GL, data warehouse and mail merge. | Listed integrations include Salesforce, Sage Cloud and Desktop, QuickBooks, Xodo eSignature, NACHA, SEPA, JSON, and Excel. |
| Purpose | Benedict Servicing LFN is desktop loan servicing software for commercial and multi-family lenders. | Automates loan management and servicing, including interest calculations, amortization schedules, payment tracking, reminders, fees, and reporting. |
Plans
Benedict Servicing LFN
- Each additional concurrent user$3,500, paid once
- Base license (includes 3 concurrent users)$29,500, paid once
In their own words
Benedict Servicing LFN
Benedict Servicing LFN has no write-up on Specifiction yet; its figures are above.
Margill Loan Manager
Margill Loan Manager automates loan servicing tasks including interest calculations, amortization schedules, payment tracking, reminders, fees, and reporting. It supports workflows for personal, installment, corporate, syndicated, mortgage, auto, student, and bridge loans, among others. Calculation options include simple, capitalized simple, and compound interest, APR, multiple day counts, and different payment and compounding periods. Schedules can accommodate regular, irregular, partial, late, extra, lump-sum, interest-only, principal-only, and mixed payments. Listed integrations include Salesforce, Sage, QuickBooks, Xodo eSignature, NACHA, SEPA, JSON, and Excel. Deployment choices include Windows-based installation, Margill Azure Cloud SaaS, or a customer's own cloud; Mac users can run it with Parallels. A borrower and investor portal is available for the cloud SaaS version, with the organization controlling which loan information users see. The product is described as managing 10 to 100,000+ loans. Pricing depends on loan and user counts; SaaS and web versions have a monthly fee, while licensed software has no monthly fee. A 30-day full-version trial is offered.