Current Commercial Loan Software Providers:

The Trakker An affordable and comprehensive loan servicing software offering a wide range of features and able to handle numerous types of loans. Trakker is a user friendly Windows based program easily networked on such servers as: NT 4, 2000, and 2003, Novell, Unix, Terminal Server, peer to peer, and even Linux.

Nortridge System includes Loan Servicing, Customer Relationship Management, Origination, Configurable Automated Decisioning, Complete Document Control, Encompassing Collections, Funds Disbursement, Security, Reporting and much more.

LenderSuite LenderSuite targets the needs of enterprises that have any mortgage loans, lines of credit, commercial, auto and construction loans; land sales and developers, governmental agencies and virtually all others.

Margill Loan Manager Manage, globally anywhere from ten to thousands of regular, irregular, fixed rate or variable rate loans (auto loans, personal loans, corporate loans and notes), leases, mortgages, lines of credit and receivables.

MORSERV A PC/LAN/WAN based non-GUI application for the Mortgage loan Servicer. The system features Amortization Schedule preparation, Investor reporting, Tax and Insurance Due management reports and many other features that are required by interim or long-term mortgage loan servicing organizations.

Megasys Finance 3 Megasys Finance 3 System is an exceptionally easy to use total software solution for front-end credit evaluation, loan origination, payment processing, collections and more.

BrokerPro Software BrokerPro Software is the top selling commercial mortgage loan origination software in the U.S. Since 2001, BrokerPro has helped loan officers place commercial loans with some of the 100 wholesale commercial lenders who are on the Lender Pipeline.

The Mortgage Office A complete suite of mortgage software products designed from the ground up to specifically address the needs of those who originate and service loans and mortgage pools. Its modular design includes a complete loan servicing and loan origination system, mortgage pool software, trust accounting, default services tracking, escrow administration and more.

REAL Synergy A highly automated full-service platform specifically created for servicing commercial and multifamily loans. Users can work with virtually any loan structure including complex remittance requirements, monitor multiple properties for each loan, track building-site reports and view detailed appraisal summaries.

Commercial Servicer Software provides the most comprehensive and cost effective system for commercial loan servicing.

OnBase OnBase is a powerful document management and business process automation solution. Don’t fall behind on your work with slower, paper-intensive processes.

RealBenefits RealBenefits real estate software is for real estate investment analysis and valuation of income property and commercial real estate, plus loan software.

If you are a licensed real estate agent or broker, we encourage you to view our real estate software section for more great solutions to suit your personal and professional needs.

The phrase open source software began as part of a marketing campaign for free applications. A report by the Standish Group states that use of open source software models has contributed in savings of roughly $60 billion per year to end users.

Some History Behind Open Source Software

The free software movement was started in 1983. In 1998, a collection of persons advocated that the label free software ought to be replaced by open source software as an example which is not as unclear and more comfortable for the corporate world. Software creators might wish to distribute their programs with an open source license, so that any person may also develop the same software or understand its inner functions.

Open source software normally permits a person to create modifications of the software, port it to additional operating systems and CPU architectures, share it with others or sell it.  All of which are not permitted in commercial software packages.

Open Source typically presents an open source viewpoint, and further defines the conditions of usage, modification and redistribution of open source software. Software licenses grant rights to any person which would otherwise be held in reserve by copyright law to the copyright holder. Several open source software licenses have qualified inside the boundaries of the Open Source Definition. The most prominent and prevalent instance is the GNU General Public License (GPL).

While open source distribution presents a way to appoint the source codes of a product publicly available, the open source licenses permit the authors to fine tune such access.

Open Source Licensing

A license defines the privileges and obligations that a licensor grants to a user. Open Source licenses permit licensees the right to emulate, adapt and redistribute source code. These licenses may possibly also impose obligations, or modifications to the code that are circulated have got to be made obtainable in source code form, an author attribution has to be placed in a software documentation using that Open Source, etc.

Authors originally derive a right to grant a license to their effort based on the legal theory that upon conception of a product the author owns the copyright in that product. The author still retains ownership of those copyrights, the licensee simply is permitted to utilize those rights, as granted in the license, so long as they uphold the obligations of the license. The author does have the option to sell/assign, versus license, their exclusive entitlement to the copyrights to their labor; where upon the new owner/assignee controls the copyrights.

Additional Information

Open Source development is commonly performed within the public eye, using services provided for free on the Internet, such as the Launchpad and SourceForge web sites, and utilizing tools that are themselves Open Source, mashing together the CVS and Subversion source control systems, and the GNU Compiler Collection.

According to the ITIL(IT Infrastructure Library), “The goal of the Change Management process is to ensure that standardized methods and procedures are used for efficient and prompt handling of all changes, in order to minimize the impact of change-related incidents upon service quality, and consequently improve the day-to-day operations of the organization.”

The software itself was designed to manage the change process for various hardware, systems software and communications systems.  Most applications have the ability to manage these processes by managing and filtering changes, reviewing and closing requests for change and then when the process is complete, most software will handle the reporting of the process changes.

The leading providers of change management software:

• Change Management System by Elite Information Services – Elite really dedicated themselves to automation and smooth processing when they created their change management system with large organizations in mind.  We were given the opportunity to test drive their program with a free demo(see their site) and it was by far our favorite cms to date.  Elite has designed a truly unique, feature rich platform that we encourage you to check out on their website at www.elite-is.com

• IntaSoft’s Change and Configuration Management Software – IntaSoft currently offers three levels of change mgmt. software which includes a simple web based change management, a more powerful we based version geared for Enterprises and a full scale change and release management solution which is fully customizable, offers ITIL templates and much more.  Their software starts at $500 which does include full support from their team, you can visit them online at www.intasoft.net

• Change Management Control Software by SLAM Solutions Inc. – SLAM Solutions offers a wonderful, feature rich, cross-browser, web based change management control software that comes highly recommended by several of our colleagues in the software industry.  Their software is designed in XML, it allows for multiple workflows with the aid of their Workflow wizard, newly added fields are completely customizable and there are many more features.  Check out their website at www.slamsolutions.com

Other change management software that you may be interested in:

• http://www.landesk.com/change-management-software.aspx
• http://www.axiossystems.com/six/en/products/change_management/
• http://www.softlanding.com/turnover/index.htm
• http://www.frontrange.com/ProductsSolutions/Detail.aspx?id=45
• http://www.borland.com/us/solutions/change-management/index.html