In part one of this two-part series, we discussed whether a consumer finance company should build their own loan origination software or lease this software from an established company. To recap, you must take into consideration the control you want, how flexible you need your software to be, and your budget. With that in mind, let’s look at four advantages of leasing loan origination software from Allied Business Systems:
When you build your own software, there is always a big question mark next to how much it will cost. You can plan and budget as much as possible, but there will always be variables that will arise. When you team with Allied Business Systems for your loan origination software, the price is a known factor. This allows you to budget appropriately and provides peace of mind.
If time is a factor while weighing your options concerning building versus leasing loan origination software, consider how quickly you need this software implemented into your company. When you purchase software, such as absVision or absGL, you can be confident that your software will be more readily available versus if you were building your own.
Support from Experts
If you choose to build your own loan origination software, you’ll be tasked with the job to figure out bugs or issues on a time crunch. But, when you lease software, you’ll have a team of experts ready to help. With a few clicks, you’ll be on the phone with a consumer finance expert, ready to answer your questions.
Software Has Been Tested
One of the worst feelings is putting countless hours and an excess amount of finances into something for it not to work properly. When you lease your loan origination software from a well-established and legitimate company, you can be confident that the product has been tested – not only from the company itself but by other consumers!
Our team of consumer finance experts would be happy answer your questions and help you determine what software is best for you.