We’re replacing the legacy Servicing 2.0 with a completely re-architected Servicing module. See what’s planned.
LendingWise has had a beta Servicing module in use for the past couple of years. That beta effort taught us a great deal, both what worked and what absolutely needed a rethink.
After careful deliberation, we've decided to retire the old Servicing 2.0 module and replace it with a completely re-architected Servicing module. This isn’t a facelift; it’s a foundational rebuild.
🛑 Important: The legacy 2.0 module will be removed upon release of the initial new Servicing launch. All active servicing will transition to the new framework.
We are well underway in development. Below is a transparent view of the Servicing roadmap as of this writing.
🧱 Phase 1 – Foundation ✅ Complete
This phase focused on building the core architecture and user onboarding experience needed to support all future servicing functionality.
- ✅ Foundation / Architecture: Core servicing engine established.
- ✅ Simple & Unique Onboarding Experience: Streamlined loan setup for servicing.
- ✅ Settings Engine: Support for overpayments, late fees, default interest, accrual types, and more.
- ✅ Primary Payment Management Pages: Core UI for managing and submitting payments.
⚙️ Phase 2 – Core Servicing Features 🟡 In Progress
This phase is focused on the core operational capabilities needed for day-to-day servicing: scheduling, payment handling, and borrower-facing documents.
- ✅ Payment Schedule Generation & Due Date Handling: Built and complete.
- 🟡 Payment Handling: Actively in development, nearing completion.
- ⏳ Mortgage Statements: Pending.
- ⏳ Payoff Statements: Pending.
- ⏳ Polish & MVP Launch Prep: Pending.
🧮 Phase 3 – Advanced Modules ⏳ Pending
These features extend the servicing engine into more sophisticated financial and operational territory, preparing for institutional-grade usage.
- ⏳ Draw Management: For construction loans and lines of credit.
- ⏳ NACHA File Generation: Bulk ACH transaction support.
- ⏳ General Ledger Integration: Accounting-grade data handling.
- ⏳ Polish & Release Prep
📊 Phase 4 – Reporting, Integrations & Investor Tools ⏳ Pending
Final phase focuses on reporting, yield calculations, and deep integrations to enable full-scale operational servicing.
- ⏳ Investor Yield Reporting: Detailed distribution and yield reports.
- ⏳ General Servicing Reporting: Comprehensive analytics and exports.
- ⏳ Payment Integrations: Direct integration with payment processors.
- ⏳ Polish & Release Prep
🚀 Post-Release Commitment
The launch of our new Servicing feature is not the end. it's the beginning of a more scalable, intelligent, and reliable servicing platform. We’ll continue to roll out enhancements, address edge cases, and refine workflows as real-world usage grows.
Stay tuned for further updates, release timelines, and training material as we approach MVP launch.