Freedom251 › Commercial Loan Software
Benedict Servicing LFN
What Benedict Servicing LFN is
Benedict Servicing LFN is desktop loan-servicing software for commercial and multi-family lenders. It manages servicing from application through payoff using configurable rules and parameters. Supported scenarios include construction, participation, bridge, mezzanine, revolving credit, variable-rate, deferred-interest, and modified loans. The system handles escrow analysis and disbursement, ACH, wire and lockbox processing, plus real-time or batch payments. Reporting includes more than 280 reports, a ReportWriter with Excel and PDF export, and SQL access for power users. Customizable general-ledger exports and scheduled exports can feed a GL, data warehouse, or mail merge. Security features include groups, password rules, function- and field-level controls, and an audit trail with before-and-after values. Deployment can use in-house servers or the cloud. The base perpetual license is $29,500 and includes three concurrent users; additional users are listed at $3,500 each. Support is hourly at $190, and no per-loan fees or maintenance contract are required.
Who it suits
It is designed for commercial and multi-family lenders, housing finance agencies, insurance companies, and other complex lending operations. Organizations needing configurable servicing, payment processing, reporting, and audit controls are the stated audience.
What it does well
- Covers servicing from application through payoff
- Supports varied commercial loan structures
- Provides more than 280 reports
- Offers field-level permissions and audit history
- No per-loan fees or required maintenance contract
What to know first
- High one-time license cost
- Additional concurrent users cost $3,500 each
- Hourly support listed at $190
- No borrower portal
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Base license (includes 3 concurrent users) | One-time perpetual system license fee · Includes 3 concurrent users · no per-loan fees | $29,500, paid once |
| Each additional concurrent user | One-time fee at purchase · Per additional concurrent user · users added after initial purchase are $4,500 each | $3,500, paid once |
As benedictgroup.com lists them, read 7 Oct 2026. The maker's own page has the final word.
Verdict
LFN combines broad loan-type support with payment processing, reporting, exports, and detailed access controls. Its substantial perpetual license and specialist focus make it most relevant to complex lending operations rather than small general-purpose teams.
Facts from Benedict Servicing LFN's own pages
- Deployment
- LFN can be hosted on in-house servers or in the cloud, according to the product page. · benedictgroup.com, 7 Oct 2026
- Escrow and payments
- It supports escrow analysis and disbursement, ACH, wire and lockbox processing, and real-time or batch payment processing. · benedictgroup.com, 7 Oct 2026
- Fees
- LFN has no per-loan fees, and the maker says no maintenance contract is required. · benedictgroup.com, 7 Oct 2026
- Integrations
- The maker describes customizable general-ledger exports and scheduled exports for a GL, data warehouse and mail merge. · benedictgroup.com, 7 Oct 2026
- 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. · benedictgroup.com, 7 Oct 2026
- Loan lifecycle
- LFN supports servicing from application through payoff using configurable rules and parameters. · benedictgroup.com, 7 Oct 2026
- Loan structures
- Supported loan scenarios include construction, participation, bridge, mezzanine, revolving credit, variable-rate, deferred-interest and modified loans. · benedictgroup.com, 7 Oct 2026
- Purpose
- Benedict Servicing LFN is desktop loan servicing software for commercial and multi-family lenders. · benedictgroup.com, 7 Oct 2026
- Reporting
- LFN includes more than 280 reports and a ReportWriter with Excel and PDF export; power users can use SQL access. · benedictgroup.com, 7 Oct 2026
- 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. · benedictgroup.com, 7 Oct 2026
- Support
- The maker describes a US-based point of contact and hourly support; its pricing page lists support at $190 per hour. · benedictgroup.com, 7 Oct 2026
Where Benedict Servicing LFN stands on Freedom251
- Commercial Loan Software#4 of 19
- Loan Management Software#8 of 30