Private Lending Software FAQ
343 straight answers about NOVA, the loan origination and servicing platform for private and hard money lenders: loan types, underwriting, draws, investors, integrations, security, pricing and implementation.
What is hard money loan origination software?
Hard money loan origination software is a platform designed specifically for private and hard money lenders to manage the lending process from application through payoff. It helps automate tasks like borrower intake, underwriting, document collection, servicing, construction draws, and investor management so lenders can close loans faster and operate more efficiently.
How is private lending software different from a traditional mortgage LOS?
Private lending software is built for the speed, flexibility, and asset-based nature of hard money and private lending, while traditional mortgage LOS platforms are designed primarily for conventional bank lending and strict agency guidelines. Private lending software typically includes features like construction draw management, investor tracking, faster underwriting workflows, and customizable loan structures tailored to real estate investors and private lenders.
What types of loans can hard money lending software support?
Hard money lending software can support a wide range of loan types including bridge loans, fix-and-flip loans, DSCR loans, rental property loans, construction loans, commercial real estate loans, and ground-up construction financing. Many private lending LOS platforms also support servicing, investor participation tracking, and customizable loan products for unique lending scenarios.
Can the software support fix-and-flip, bridge, DSCR, and construction loans?
Yes. NOVA supports fix-and-flip, bridge, DSCR and construction loans, including ground-up construction.
How does the software help hard money lenders close loans faster?
Liquid Logics lending software helps hard money lenders close loans faster by centralizing the entire lending process into one platform, reducing manual work and eliminating the need for multiple disconnected systems. Features like dynamic borrower applications, automated workflows, document management, servicing, construction draw management, and investor tracking help streamline operations and speed up the path from application to funding.
Can borrowers and brokers submit deals online?
Yes. Liquid Logics lending software allows borrowers and brokers to submit deals online through a secure borrower portal and dynamic digital loan applications. This helps streamline deal intake, improve communication, and make it easier for lenders to collect documents and move loans through the approval process faster.
Can the software manage a hard money loan pipeline?
Yes. Liquid Logics lending software helps lenders manage their entire hard money loan pipeline from initial lead through funding, servicing, and payoff. The platform provides full control over filters, multiple saved pipeline views, and customizable loan stages, giving lenders real-time visibility and flexibility to manage loans based on their unique workflow and operational process.
Can the software calculate LTV, LTC, ARV, points, fees, and interest reserves?
Yes. Liquid Logics lending software can calculate key lending metrics such as LTV, LTC, ARV, points, fees, interest reserves, and other custom loan calculations used by hard money and private lenders. This helps streamline underwriting, improve accuracy, and give lenders greater visibility into loan profitability and risk.
Can the software manage rehab budgets and construction draws?
Yes. Liquid Logics lending software includes tools for managing rehab budgets, construction draws, inspections, holdbacks, and draw disbursements within the platform. This helps hard money and private lenders streamline construction lending workflows, track project progress, and maintain better oversight throughout the life of the loan.
Can the software help manage private investor capital?
Yes. Liquid Logics lending software includes investor and fund management tools designed to help private lenders manage investor capital, track participation across loans, monitor returns, and oversee funding activity. The platform can support investor reporting, transaction history, portfolio visibility, and allocation tracking within a centralized system.
Can the software integrate with servicing, accounting, CRM, e-signature, and valuation tools?
Yes. Liquid Logics lending software is integrated with a variety of third-party tools including loan servicing platforms, accounting software, CRM systems, e-signature providers, valuation tools, and other lending technologies. These integrations help private and hard money lenders streamline operations, reduce duplicate data entry, and create a more connected lending workflow.
Is the software secure for borrower and investor data?
Yes. Liquid Logics lending software is built with security and data protection in mind, helping lenders securely manage sensitive borrower and investor information. The platform utilizes controlled user permissions, encrypted data handling, secure hosting infrastructure, and audit tracking to support operational security and data integrity.
How long does implementation take?
Most lenders are live in 45 to 60 days, depending on the complexity of the setup, how many users need training and whether historical data is migrated. Implementation can be as quick as 3 weeks or as long as 6 months, and teams can be operational in a standard (vanilla) environment in as little as 2 weeks.
How much does hard money loan origination software cost?
Every lender is unique. Our clients range from one-person lenders and brokers to multibillion-dollar lenders and capital providers, so pricing depends on the number of licenses and how you use the platform. Schedule a demo and we’ll put together pricing for your operation.
How do private lenders calculate ROI from LOS software?
Private lenders typically calculate ROI from LOS software by tracking KPIs such as loan volume, turnaround times, cost per loan, staff efficiency, borrower retention, and portfolio growth. Liquid Logics helps lenders improve operational efficiency by reducing manual processes, streamlining workflows, centralizing data, and enabling teams to close and service more loans without proportionally increasing overhead.
What should hard money lenders ask during a software demo?
Hard money lenders should ask how the software handles their full lending workflow, including origination, underwriting, servicing, construction draws, investor management, reporting, and borrower communication. They should also evaluate ease of use, customization options, implementation timelines, integrations, reporting capabilities, security, support quality, KPI tracking, and whether the platform can scale with their lending volume and operational complexity.
What is private money loan origination software?
Private money loan origination software helps private lenders streamline loan workflows, manage borrowers, track deals, and oversee funding activities in one centralized system.
How does loan origination software help hard money lenders?
Loan origination software helps hard money lenders automate workflows, organize loan data, improve efficiency, and close loans faster.
How does loan origination software help private lenders?
Loan origination software helps private lenders manage pipelines, reduce manual work, improve communication, and scale operations more efficiently.
Who uses hard money loan origination software?
Hard money loan origination software is used by private lenders, bridge lenders, construction lenders, DSCR lenders, and other real estate financing companies.
What types of private lenders need loan origination software?
Private lenders handling multiple loans, investors, borrowers, or complex workflows can benefit from loan origination software.
Is hard money loan origination software different from traditional mortgage LOS software?
Yes. Hard money lending software is typically built to support faster closings, flexible underwriting, construction draws, and investor management workflows.
Why do hard money lenders need specialized loan origination software?
Hard money lenders need specialized software because their workflows, loan structures, and turnaround times differ significantly from traditional mortgage lending.
Can traditional mortgage LOS software work for hard money lending?
Traditional mortgage LOS platforms can work for some private lenders, but they often lack the flexibility and specialized tools needed for hard money lending operations.
What problems does LOS software solve for private lending teams?
LOS software helps solve issues related to manual processes, disorganized data, slow communication, compliance tracking, and operational inefficiency.
How does software help hard money lenders move faster?
Software helps hard money lenders move faster by automating workflows, centralizing information, and improving visibility across the lending process.
Can loan origination software help private lenders close more loans?
Yes. Loan origination software can help private lenders close more loans by improving operational efficiency and reducing bottlenecks.
How does hard money lending software reduce manual work?
Hard money lending software reduces manual work by automating tasks such as document collection, condition tracking, reporting, communication, and workflow management.
What parts of the hard money loan process can be managed in a LOS?
A LOS can manage applications, underwriting, document management, servicing, construction draws, investor tracking, reporting, and borrower communication.
What should a hard money lender look for in loan origination software?
Hard money lenders should look for flexibility, automation, reporting, borrower management, servicing capabilities, security, support, and scalability when evaluating loan origination software.
Can the software support fix-and-flip loans?
Yes. NOVA can support fix-and-flip loan workflows, including rehab budgets, draw management, and project tracking.
Can the software support bridge loans?
Yes. NOVA can support short-term bridge loan origination, servicing, and management workflows.
Can the software support DSCR loans?
Yes. NOVA can support DSCR loan programs and investor-focused underwriting workflows.
Can the software support rental property loans?
Yes. NOVA can support rental property loan origination and portfolio management.
Can the software support ground-up construction loans?
Yes. NOVA can support ground-up construction lending, including draw schedules, inspections, and budget tracking.
Can the software support rehab loans?
Yes. NOVA can support rehab lending workflows with construction draw and project management functionality.
Can the software support transactional funding?
Yes. NOVA can support transactional funding and short-duration lending scenarios.
Can the software support commercial real estate loans?
Yes. NOVA can support commercial real estate lending and complex commercial loan structures.
Can the software support residential investment property loans?
Yes. NOVA can support residential investment property lending workflows for private lenders and investors.
Can the software support mixed-use property loans?
Yes. NOVA can support mixed-use property loan structures and collateral tracking.
Can the software support land loans?
Yes. NOVA can support land lending and lot financing workflows.
Can the software support blanket loans?
Yes. NOVA can support blanket loans involving multiple properties under a single loan structure.
Can the software support cross-collateralized loans?
Yes. NOVA can support cross-collateralized lending scenarios and multi-property collateral management.
Can the software support portfolio loans?
Yes. NOVA can support portfolio loan management and ongoing servicing operations.
Can the software support repeat borrower loans?
Yes. NOVA can support repeat borrower workflows and long-term borrower relationship management.
Can the software support loans for real estate investors?
Yes. NOVA is designed to support lending workflows for real estate investors and investment-focused borrowers.
Can the software support short-term bridge financing?
Yes. NOVA can support short-term bridge financing and fast-closing loan programs.
Can the software support purchase and refinance loans?
Yes. NOVA can support both purchase and refinance lending workflows.
Can the software support cash-out refinance loans?
Yes. NOVA can support cash-out refinance loan structures and related underwriting workflows.
Can the software support investor-purpose loans?
Yes. NOVA can support investor-purpose lending across a wide range of real estate investment strategies.
Can borrowers apply online?
Yes. Borrowers can securely apply online through a customizable digital application portal.
Can brokers submit loan scenarios online?
Yes. Brokers can submit loan scenarios and deal opportunities online through the platform.
Can real estate investors submit deals through a portal?
Yes. Real estate investors can submit deals and loan requests through an online portal.
Can borrowers upload documents securely?
Yes. Borrowers can securely upload documents directly through the borrower portal.
Can brokers upload documents securely?
Yes. Brokers can securely upload supporting loan documentation through the platform.
Can the application be customized for hard money loans?
Yes. The application can be customized to fit hard money lending workflows and loan requirements.
Can the borrower portal be branded?
Yes. The borrower portal can be branded to match the lender’s company identity and user experience.
Can brokers track submitted deals?
Yes. Brokers can track the status and progress of submitted deals through the platform.
Can borrowers check loan status?
Yes. Borrowers can check loan status updates and outstanding items through the borrower portal.
Can the software collect property information?
Yes. NOVA can collect detailed property information as part of the loan application process.
Can the software collect rehab budget details?
Yes. NOVA can collect rehab budget details and construction-related project information.
Can the software collect purchase contract details?
Yes. NOVA can collect purchase contract details and supporting transaction information.
Can the software collect entity and guarantor information?
Yes. NOVA can collect entity ownership, guarantor, and borrower-related information.
Can the software collect borrower experience details?
Yes. NOVA can collect borrower experience and investment history details.
Can the software collect liquidity information?
Yes. NOVA can collect liquidity and financial information from borrowers.
Can the software collect exit strategy details?
Yes. NOVA can collect borrower exit strategy details for underwriting and risk evaluation.
Can the software collect scope of work details?
Yes. NOVA can collect detailed scopes of work for rehab and construction projects.
Can the software collect property photos?
Yes. NOVA can collect and store property photos and supporting media files.
Can the software collect insurance documents?
Yes. NOVA can collect and manage insurance documentation throughout the loan lifecycle.
Can the software collect title documents?
Yes. NOVA can collect and organize title-related documentation within the loan file.
Can the software collect appraisal or valuation documents?
Yes. NOVA can collect appraisal reports, valuations, and supporting collateral documents.
Can the software reduce incomplete submissions?
Yes. NOVA can help reduce incomplete submissions through guided workflows and required field validation.
Can the software help screen deals before underwriting?
Yes. NOVA can help lenders screen and evaluate deals before full underwriting begins.
Can the software support broker referral workflows?
Yes. NOVA can support broker referral workflows and partner relationship management.
Can the software track referral sources?
Yes. NOVA can track referral sources and lead origination data for reporting and KPI analysis.
Can the software track deals from scenario to funding?
Yes. NOVA can track deals throughout the entire lifecycle from initial scenario to funding and servicing.
Can the software show deal status by stage?
Yes. NOVA can display deal status by customizable pipeline stages and workflows.
Can the software track new leads, submitted deals, approved loans, and funded loans?
Yes. NOVA can track leads, submissions, approvals, fundings, and overall pipeline activity.
Can the software help prioritize urgent deals?
Yes. NOVA can help teams prioritize urgent deals through workflow management and pipeline visibility tools.
Can the software track stale or inactive deals?
Yes. NOVA can identify and track stale, inactive, or delayed deals within the pipeline.
Can the software manage multiple deals for the same borrower?
Yes. NOVA can manage multiple active and historical deals for the same borrower.
Can the software track repeat borrowers?
Yes. NOVA can track repeat borrowers and maintain long-term borrower relationship history.
Can the software track broker relationships?
Yes. NOVA can track broker relationships, referrals, and related deal activity.
Can the software assign deals to loan officers or processors?
Yes. NOVA can assign deals to loan officers, processors, underwriters, and other team members.
Can the software route deals to underwriting?
Yes. NOVA can route deals through underwriting and customized approval workflows.
Can the software track missing items?
Yes. NOVA can track missing documents, conditions, and outstanding loan requirements.
Can the software track conditions?
Yes. NOVA can track loan conditions and condition-clearing progress throughout the lending process.
Can the software track loan milestones?
Yes. NOVA can track important loan milestones and workflow progress in real time.
Can the software send status updates to borrowers and brokers?
Yes. NOVA can send status updates and communications to borrowers, brokers, and internal teams.
Can the software support custom pipeline stages?
Yes. NOVA can support fully customizable pipeline stages and workflow configurations.
Can the software support different workflows by loan type?
Yes. NOVA can support different workflows and requirements based on loan type and lending program.
Can the software help reduce bottlenecks?
Yes. NOVA can help reduce operational bottlenecks through automation and workflow visibility.
Can the software show where each loan is stuck?
Yes. NOVA can help identify where loans are delayed or stalled within the pipeline.
Can the software help forecast upcoming fundings?
Yes. NOVA can help forecast upcoming fundings and pipeline activity through reporting and KPI tracking tools.
How does the software support asset-based lending?
Yes. NOVA supports asset-based lending workflows by helping lenders evaluate collateral, property values, and loan risk.
Can the software calculate loan-to-value?
Yes. NOVA can calculate loan-to-value ratios as part of the underwriting process.
Can the software calculate loan-to-cost?
Yes. NOVA can calculate loan-to-cost ratios for construction and rehab lending scenarios.
Can the software calculate after-repair value?
Yes. NOVA can calculate after-repair value metrics for investment property loans.
Can the software calculate ARV-based loan amounts?
Yes. NOVA can calculate loan amounts based on after-repair value guidelines.
Can the software calculate maximum loan amount?
Yes. NOVA can calculate maximum loan amounts based on configurable lending criteria.
Can the software calculate borrower contribution?
Yes. NOVA can calculate borrower contribution and required equity participation.
Can the software calculate rehab holdback?
Yes. NOVA can calculate rehab holdbacks and construction reserve allocations.
Can the software calculate interest reserve?
Yes. NOVA can calculate interest reserves based on loan structure and terms.
Can the software calculate points and fees?
Yes. NOVA can calculate lending points, fees, and related closing costs.
Can the software calculate origination fees?
Yes. NOVA can calculate origination fees and lender-specific pricing structures.
Can the software calculate extension fees?
Yes. NOVA can calculate loan extension fees and related charges.
Can the software calculate payoff amounts?
Yes. NOVA can calculate payoff amounts, balances, and accrued interest.
Can the software calculate interest-only payments?
Yes. NOVA can calculate interest-only payment structures and schedules.
Can the software calculate default interest?
Yes. NOVA can calculate default interest based on configurable loan terms.
Can the software calculate prepayment penalties?
Yes. NOVA can calculate prepayment penalties and related payoff fees.
Can the software support custom pricing rules?
Yes. NOVA can support customizable pricing rules and lender-specific calculations.
Can the software support risk-based pricing?
Yes. NOVA can support risk-based pricing strategies and loan structuring.
Can the software support deal scorecards?
Yes. NOVA can support deal scorecards and underwriting evaluation tools.
Can the software track borrower experience?
Yes. NOVA can track borrower experience, project history, and investment background.
Can the software track property condition?
Yes. NOVA can track property condition and project-related details.
Can the software track exit strategy?
Yes. NOVA can track borrower exit strategies and loan repayment plans.
Can the software track collateral value?
Yes. NOVA can track collateral values and related valuation updates.
Can the software track lien position?
Yes. NOVA can track lien positions and collateral priority information.
Can the software track title issues?
Yes. NOVA can track title issues, requirements, and resolution status.
Can the software track insurance requirements?
Yes. NOVA can track insurance requirements, policy details, and expiration dates.
Can the software support underwriting notes?
Yes. NOVA can support underwriting notes and internal collaboration throughout the review process.
Can the software create underwriting summaries?
Yes. NOVA can create underwriting summaries and loan analysis reports.
Can the software create credit memos?
Yes. NOVA can create credit memos and loan approval documentation.
Can the software support approval exceptions?
Yes. NOVA can support approval exceptions and customized underwriting workflows.
Can the software track collateral details?
Yes. NOVA can track detailed collateral information throughout the loan lifecycle.
Can the software track property addresses?
Yes. NOVA can track property addresses and related location details.
Can the software support multiple properties on one loan?
Yes. NOVA can support loans secured by multiple properties.
Can the software track property type?
Yes. NOVA can track property types across residential, commercial, mixed-use, and land assets.
Can the software track occupancy status?
Yes. NOVA can track occupancy status and property usage details.
Can the software track purchase price?
Yes. NOVA can track purchase prices and acquisition details.
Can the software track as-is value?
Yes. NOVA can track as-is property values for underwriting and collateral analysis.
Can the software track after-repair value?
Yes. NOVA can track after-repair values for rehab and construction lending scenarios.
Can the software track appraisal values?
Yes. NOVA can track appraisal values and valuation-related documentation.
Can the software track broker price opinions?
Yes. NOVA can track broker price opinions and related valuation data.
Can the software track automated valuation data?
Yes. NOVA can track automated valuation data and supporting collateral metrics.
Can the software track rehab budgets?
Yes. NOVA can track rehab budgets, line items, and project costs.
Can the software track scope of work?
Yes. NOVA can track detailed scopes of work for rehab and construction projects.
Can the software track construction progress?
Yes. NOVA can track construction progress and project milestones.
Can the software track inspections?
Yes. NOVA can track inspections, inspection results, and related documentation.
Can the software track title status?
Yes. NOVA can track title status, title conditions, and related requirements.
Can the software track insurance coverage?
Yes. NOVA can track insurance coverage, policy details, and expiration dates.
Can the software track payoff information?
Yes. NOVA can track payoff information, balances, and loan payoff activity.
Can the software support construction loans?
Yes. NOVA can support ground-up and construction lending workflows.
Can the software manage rehab budgets?
Yes. NOVA can manage rehab budgets, line items, and project cost tracking.
Can the software manage draw schedules?
Yes. NOVA can manage construction draw schedules and disbursement timelines.
Can borrowers request draws through the portal?
Yes. Borrowers can request draws directly through the borrower portal.
Can the software track draw requests?
Yes. NOVA can track draw requests and related approval workflows.
Can the software track inspection status?
Yes. NOVA can track inspection status and inspection-related milestones.
Can the software track completed work?
Yes. NOVA can track completed work and project progress updates.
Can the software track approved draw amounts?
Yes. NOVA can track approved draw amounts and disbursement activity.
Can the software track remaining holdback balances?
Yes. NOVA can track remaining rehab holdback balances and reserve availability.
Can the software support multiple draws?
Yes. NOVA can support multiple construction and rehab draws throughout the project lifecycle.
Can the software support draw conditions?
Yes. NOVA can support draw conditions and approval requirements before funding disbursements.
Can the software notify borrowers about draw requirements?
Yes. NOVA can notify borrowers about draw requirements, missing items, and approval updates.
Can the software document inspection results?
Yes. NOVA can document inspection results and related project notes.
Can the software track change orders?
Yes. NOVA can track change orders and project scope modifications.
Can the software track construction milestones?
Yes. NOVA can track construction milestones and project completion stages.
Can the software reduce draw processing delays?
Yes. NOVA can help reduce draw processing delays through workflow automation and centralized tracking.
Can the software help manage rehab risk?
Yes. NOVA can help manage rehab and construction risk through tracking, inspections, and reporting tools.
Can the software support interest reserves?
Yes. NOVA can support interest reserves and reserve balance tracking.
Can the software support retainage?
Yes. NOVA can support retainage tracking and related construction lending workflows.
Can the software manage loan documents?
Yes. NOVA can manage loan documents.
Can the software generate term sheets?
Yes. NOVA can generate term sheets.
Can the software generate letters of intent?
Yes. NOVA can generate letters of intent.
Can the software generate pre-approval letters?
Yes. NOVA can generate pre-approval letters.
Can the software generate commitment letters?
Yes. NOVA can generate commitment letters.
Can the software generate loan summaries?
Yes. NOVA can generate loan summaries.
Can the software generate closing checklists?
Yes. NOVA can generate closing checklists.
Can the software track required documents?
Yes. NOVA can track required documents.
Can the software track borrower conditions?
Yes. NOVA can track borrower conditions.
Can the software track property conditions?
Yes. NOVA can track property conditions.
Can the software track title conditions?
Yes. NOVA can track title conditions.
Can the software track insurance conditions?
Yes. NOVA can track insurance conditions.
Can the software track entity documents?
Yes. NOVA can track entity documents.
Can the software track guarantor documents?
Yes. NOVA can track guarantor documents.
Can the software track appraisal or valuation documents?
Yes. NOVA can track appraisal or valuation documents.
Can the software track payoff statements?
Yes. NOVA can track payoff statements.
Can the software track wire instructions?
Yes. NOVA can track wire instructions.
Can the software track closing disclosures?
Yes. NOVA can track closing disclosures.
Can the software support e-signatures?
Yes. NOVA can support e-signatures.
Can the software store signed documents?
Yes. NOVA can store signed documents.
Can the software organize documents by loan file?
Yes. NOVA can organize documents by loan file.
Can the software reduce missing documents?
Yes. NOVA can reduce missing documents.
Can the software alert teams when closing items are incomplete?
Yes. NOVA can alert teams when closing items are incomplete.
an the software help hard money lenders close faster?
Yes. NOVA can help hard money lenders close faster.
Can the software create a complete digital loan file?
Yes. NOVA can create a complete digital loan file.
Can the software track investor participation?
Yes. NOVA can track investor participation.
Can the software track loan funding sources?
Yes. NOVA can track loan funding sources.
Can the software support fractional investor participation?
Yes. NOVA can support fractional investor participation.
Can the software track investor commitments?
Yes. NOVA can track investor commitments.
Can the software track available capital?
Yes. NOVA can track available capital.
Can the software track capital allocation by loan?
Yes. NOVA can track capital allocation by loan.
Can the software support investor reporting?
Yes. NOVA can support investor reporting.
Can investors view loan opportunities?
Yes. Investors can view loan opportunities.
Can investors view funded loans?
Yes. Investors can view funded loans.
Can investors receive loan updates?
Yes. Investors can receive loan updates.
Can the software track lender-funded and investor-funded loans?
Yes. NOVA can track lender-funded and investor-funded loans.
Can the software support fund-based lending?
Yes. NOVA can support fund-based lending.
Can the software support note investors?
Yes. NOVA can support note investors.
Can the software help match loans with investors?
Yes. NOVA can help match loans with investors.
Can the software track investor documents?
Yes. NOVA can track investor documents.
Can the software track investor agreements?
Yes. NOVA can track investor agreements.
Can the software track preferred returns?
Yes. NOVA can track preferred returns.
Can the software track investor payments?
Yes. NOVA can track investor payments.
Does hard money loan origination software include servicing?
Yes. Hard money loan origination software can include servicing.
Can the software hand off funded loans to servicing?
Yes. NOVA can hand off funded loans to servicing.
Can the software integrate with loan servicing software?
Yes. NOVA can integrate with loan servicing software.
Can the software export closing data to a servicing platform?
Yes. NOVA can export closing data to a servicing platform.
Can the software track maturity dates?
Yes. NOVA can track maturity dates.
Can the software track loan extensions?
Yes. NOVA can track loan extensions.
Can the software track payoff requests?
Yes. NOVA can track payoff requests.
Can the software track draw activity after closing?
Yes. NOVA can track draw activity after closing.
Can the software track post-closing documents?
Yes. NOVA can track post-closing documents.
Can the software track insurance expirations?
Yes. NOVA can track insurance expirations.
Can the software track tax documents?
Yes. NOVA can track tax documents.
Can the software track construction progress after funding?
Yes. NOVA can track construction progress after funding.
Can the software track borrower communications after closing?
Yes. NOVA can track borrower communications after closing.
Can the software support renewal or extension workflows?
Yes. NOVA can support renewal or extension workflows.
Can the software help identify loans approaching maturity?
Yes. NOVA can help identify loans approaching maturity.
What systems should hard money loan origination software integrate with?
Your full suite of vendors. Liquid Logics partners with more than 80 companies, so NOVA works as a one-stop shop for title, valuation, credit, background checks, payments and more.
Does the software integrate with CRMs?
NOVA includes its own native CRM. If you prefer HubSpot, there is a full end-to-end HubSpot integration.
Does the software integrate with loan servicing software?
NOVA includes full loan servicing. If you prefer to service with FCI, NOVA connects and integrates with FCI.
Does the software integrate with accounting software?
NOVA includes native accounting. If you prefer QuickBooks Online, NOVA integrates with it as well.
Does the software integrate with document generation tools?
NOVA includes full in-house document generation at no extra charge with the system.
Does the software integrate with e-signature platforms?
Yes. E-signature is built into NOVA natively.
Does the software integrate with valuation tools?
Yes. NOVA integrates with valuation vendors.
Does the software integrate with credit report providers?
Yes. You can choose between five different credit report providers.
Does the software integrate with bank statement analysis tools?
Yes. NOVA includes full Plaid verification and AI-powered bank statement analysis.
Does the software integrate with background check providers?
Yes. NOVA integrates with several background check providers, from instant orders to detailed county-specific searches.
Does the software integrate with title companies?
Yes. NOVA integrates with BCHH, a nationwide title company built for private lending and part of Stewart’s suite of services.
Does the software integrate with payment systems?
Yes. NOVA integrates with payment systems.
Does the software integrate with email and SMS tools?
Yes. Outlook, gmail, SMS, Ring Central, just have to set up.
Does the software integrate with Zapier or automation tools?
Yes. NOVA connects with Zapier.
Does the software offer API access?
Yes. NOVA offers full API access so companies can connect their own systems.
Can the software connect with our existing tech stack?
Yes. NOVA can connect with your existing tech stack.
Can the software export loan data?
Yes. Full export and report loan capabilities.
Can the software import borrower data?
Yes. All fields in the system are reportable for export data purposes.
Can the software integrate with investor portals?
Yes. NOVA includes its own investor portal.
Can the software integrate with construction draw tools?
Yes. NOVA has its own construction draw tools, as well as integrates with the 5 major construction management companies in the space.
Is hard money loan origination software secure?
Yes. NOVA is SOC 2 audited, and Liquid Logics owns its own infrastructure.
How does the software protect borrower data?
Yes. NOVA helps protect borrower data through secure controls and infrastructure, and we are SOC 2 audited.
Does the software support role-based access?
Yes. NOVA supports role-based access.
Does the software support audit trails?
Yes. NOVA supports audit trails.
Can the software track user activity?
Yes. NOVA can track user activity.
Can the software restrict access by role?
Yes. NOVA can restrict access by role.
Can the software support document retention policies?
Yes. NOVA can support document retention policies.
Can the software support secure document upload?
Yes. NOVA can support secure document upload.
Can the software help reduce compliance risk?
Yes. NOVA can help reduce compliance risk.
Can the software support state-specific lending requirements?
Yes. NOVA can support state-specific lending requirements.
Can the software support business-purpose loan workflows?
Yes. NOVA can support business-purpose loan workflows.
Can the software support consumer-purpose loan workflows?
Yes. NOVA can support consumer-purpose loan workflows.
Can the software track licensing-related documents?
Yes. NOVA can track licensing-related documents.
Can the software track disclosures?
Yes. NOVA can track disclosures.
Can the software support adverse action workflows?
Yes. NOVA can support adverse action workflows.
Can the software support OFAC checks?
Yes. NOVA can support OFAC checks.
Can the software support KYC checks?
Yes. NOVA can support KYC checks.
Can the software support entity verification?
Yes. NOVA can support entity verification.
Can the software help maintain a complete audit file?
Yes. NOVA can help maintain a complete audit file.
Can the software reduce operational risk?
Yes. NOVA can reduce operational risk.
What reports should hard money loan origination software include?
The system can support all kinds of reports including loan level, user level, fund level, performance, etc. A Loan origination system, whether private money or residential should be able to make custom reports for everything.
Can the software report on loan pipeline volume?
Yes. NOVA can report on loan pipeline volume.
Can the software report on funded loan volume?
Yes. NOVA can report on funded loan volume.
Can the software report on pull-through rates?
Yes. NOVA can report on pull-through rates.
Can the software report on average days to close?
Yes. NOVA can report on average days to close.
Can the software report on approval rates?
Yes. NOVA can report on approval rates.
Can the software report on loan officer performance?
Yes. NOVA can report on loan officer performance.
Can the software report on processor performance?
Yes. NOVA can report on processor performance.
Can the software report on broker performance?
Yes. NOVA can report on broker performance.
Can the software report on borrower repeat business?
Yes. NOVA can report on borrower repeat business.
Can the software report on deal sources?
Yes. NOVA can report on deal sources.
Can the software report on loan type performance?
Yes. NOVA can report on loan type performance.
Can the software report on property type performance?
Yes. NOVA can report on property type performance.
Can the software report on geographic lending activity?
Yes. NOVA can report on geographic lending activity.
Can the software report on average LTV?
Yes. NOVA can report on average LTV.
Can the software report on average LTC?
Yes. NOVA can report on average LTC.
Can the software report on average ARV?
Yes. NOVA can report on average ARV.
Can the software report on average loan size?
Yes. NOVA can report on average loan size.
Can the software report on upcoming closings?
Yes. NOVA can report on upcoming closings.
Can the software report on capital needs?
Yes. NOVA can report on capital needs.
Can the software report on missed conditions?
Yes. NOVA can report on missed conditions.
Can the software report on draw activity?
Yes. NOVA can report on draw activity.
Can the software report on exceptions?
Yes. NOVA can report on exceptions.
Can the software create custom reports?
Yes. NOVA can create custom reports.
Can the software export reports?
Yes. NOVA can export reports.
Can the software help loan officers manage deals?
Yes. NOVA can help loan officers manage deals.
Can the software help processors manage conditions?
Yes. NOVA can help processors manage conditions.
Can the software help underwriters review files?
Yes. NOVA can help underwriters review files.
Can the software help closers prepare loans for funding?
Yes. NOVA can help closers prepare loans for funding.
Can the software help executives monitor production?
Yes. NOVA can help executives monitor production.
Can the software help capital markets teams manage funding?
Yes. NOVA can help capital markets teams manage funding.
Can the software help construction teams manage draws?
Yes. NOVA can help construction teams manage draws.
Can the software help admins manage users and permissions?
Yes. NOVA can help admins manage users and permissions.
Can the software support multiple offices?
Yes. NOVA can support multiple offices.
Can the software support remote lending teams?
Yes. NOVA can support remote lending teams.
Can the software support internal notes?
Yes. NOVA can support internal notes.
Can the software support task assignments?
Yes. NOVA can support task assignments.
Can the software support team notifications?
Yes. NOVA can support team notifications.
Can the software support approval queues?
Yes. NOVA can support approval queues.
Can the software reduce email back-and-forth?
Yes. NOVA can reduce email back-and-forth.
Can the software reduce duplicate data entry?
Yes. NOVA can reduce duplicate data entry.
Can the software standardize team workflows?
Yes. NOVA can standardize team workflows.
Can the software improve visibility across departments?
Yes. NOVA can improve visibility across departments.
Can the software help new team members get up to speed?
Yes. NOVA can help new team members get up to speed.
Can the software support scalable lending operations?
Yes. NOVA can support scalable lending operations.
What affects the cost of private lending software?
Cost is driven mainly by the number of internal team members using the system and the amount of custom work, if any, your setup requires.
Is hard money lending software priced per user?
Typically, yes. Some platforms price per loan instead, which gets expensive quickly as volume grows. NOVA is priced per user.
Is hard money lending software priced per loan?
Some platforms are. NOVA is not priced per loan.
Are there implementation fees?
Yes, there is a one-time implementation fee. Liquid Logics does not charge separately for data migration or training.
Are there integration fees?
Liquid Logics does not charge integration fees to connect NOVA with your other vendors.
Are there migration fees?
No. Liquid Logics does not charge additional data migration fees.
Are there training fees?
No. Liquid Logics does not charge training fees.
Are support and updates included?
Yes. Support and product updates are included.
What should be included in a pricing quote?
Every monthly charge, so you know the full ongoing cost up front.
How do hard money lenders calculate software ROI?
Every lender calculates ROI a little differently. If NOVA makes your team more efficient, or lets you close just one extra deal a month, the software typically pays for itself.
How can software help close loans faster?
By replacing manual steps with a clear, step-by-step workflow from application to funding, with professional, centralized communication along the way.
How can software help increase funded loan volume?
Better tracking, lower fraud risk and higher efficiency mean less time per loan and quicker closings, so the same team can fund more loans.
How can software reduce processing costs?
Built-in, step-by-step checklists and automation keep processors on track and cut the rework and time spent on each file.
How can software improve broker conversion?
Faster closings make brokers loyal. When their deals close quickly and predictably, brokers keep sending you business.
How can software improve borrower repeat business?
Borrowers come back to lenders that are easy to work with and fund their deals. A modern borrower portal and faster closings deliver both.
How can software reduce missed conditions?
NOVA uses guardrails that flag missed conditions and will not let a loan advance until they are cleared.
How can software reduce funding delays?
By making sure everything is collected up front, so there are no surprises at the closing table.
How long does it take to see ROI?
Lenders can be set up and originating in as little as two months, which is when the return starts to build.
What should lenders ask during a demo?
Bring detailed, specific questions about your own workflow. Our industry specialists will show you exactly how NOVA handles your loan programs, draws, servicing and investor reporting.
How long does it take to implement hard money lending software?
Most lenders are live in 45 to 60 days, depending on the complexity of the setup, how many users need training and whether historical data is migrated. Implementation can be as quick as 3 weeks or as long as 6 months, and teams can be operational in a standard (vanilla) environment in as little as 2 weeks.
What is involved in implementation?
Two days of on-site, custom consulting with your team, followed by online support sessions.
How are workflows configured?
Through a consultation process. Workflows can be set up from NOVA’s out-of-the-box templates or custom-configured in workflow configuration management.
How are loan products configured?
Your team names its loan products and we enable them in NOVA.
How are pricing rules configured?
Pricing rules are set up as custom templates during implementation.
How are documents configured?
Our training team implements your document templates with you, and NOVA then generates them automatically.
How are user roles configured?
Management decides how much or how little each user can see and do in the system.
Can existing loan files be migrated?
Yes. Existing loans can be migrated.
Can borrower contacts be migrated?
Yes. You can migrate borrower contacts.
Can broker contacts be migrated?
Yes. You can migrate broker contacts.
Can investor contacts be migrated?
Yes. Investors can be migrated.
Can historical loan data be migrated?
Yes. Historical loan data can be migrated.
Can open deals be migrated?
Yes. Open loans can be migrated.
Can document templates be migrated?
Yes. Document templates can be migrated.
Can custom reports be created during implementation?
Yes. Custom reports can be created.
How much training is needed?
As much or as little as you want. NOVA is an enterprise system with deep functionality, but it is simple to use up front, and experienced lending teams often need little formal training.
Can implementation happen in phases?
Yes. Implementation can be phased.
Can the team keep originating loans during migration?
Yes. Your team can originate loans in NOVA as soon as the contract is signed.
What causes implementation delays?
Implementation delays are typically caused by unclear requirements, incomplete data migration, lack of internal stakeholder alignment, slow decision-making during configuration, and delays in providing access to systems or key users. They can also occur when workflows are more complex than initially expected or when testing and feedback cycles take longer due to changes in scope.
How can lenders prepare for a successful launch?
Lenders can prepare for a successful launch by clearly defining requirements upfront, aligning all internal stakeholders early, and mapping out workflows in detail before configuration begins. They should also ensure clean and complete data for migration, assign internal owners for each functional area, and actively participate in testing to catch issues early. In addition, training users ahead of go-live, establishing a phased rollout plan, and maintaining open communication with the implementation team all help reduce risk and ensure a smoother launch.
Have a question we didn’t answer?
Bring it to a demo. Our private lending specialists will walk through it against your own workflow.