Petra Loan Servicing Corp
Petra provides white-glove loan servicing for private real estate lenders, handling everything from loan boarding to payoff through a drag-and-drop portal that imports closing documents without manual data entry. The platform offers full servicing—including ACH collections, late-fee calculations, and lender reporting—or a back-office option for lenders who prefer to manage collections themselves, with pricing starting at $20 per loan per month.
- Financial Technology
- Property Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Private lenders often rely on servicing software built for consumer mortgages, which cannot handle the complexities of modern private lending such as participations, draws, adjustable rates, and interest fronting. This mismatch results in slow payoff responses, hand-built investor reporting, and impersonal service queues that delay critical loan operations.
Solution
Petra provides white-glove loan servicing for private real estate lenders, handling everything from onboarding to payoff. The platform features a drag-and-drop portal that imports closing documents without manual data entry, eliminating re-keying errors. Petra offers two service models: full loan servicing where Petra acts as the independent servicer of record handling ACH collections and late payment outreach, or a back-office option where lenders manage collections themselves while Petra keeps the books. The company promises same-day responses to payoff requests submitted by 2pm ET and can board new loans directly from closing documents, with a streamlined transition to live service within a week.
Target Audience
Primary customers are private real estate lenders, including direct lending businesses and funds, who need professional loan servicing that handles complex loan structures and provides an independent book of record for capital partners.
Features
- Drag-and-drop loan boarding that imports closing documents without manual data entry
- Full servicing including ACH collections, late-fee calculations, and distributions to every lender on a loan
- Back-office option with interest, late fee and default calculations, monthly statements, and 1098s
- Dedicated Slack or Teams channel for lender support with same-day responses
- Automated payment reminders and same-day missed-payment outreach
- Support for complex loan types including interest-only, amortizing, construction or rehab, and ARMs
- Optional add-ons for title, insurance, and tax tracking, plus escrow management
- Lender portal with portfolio monitoring, delinquency reporting, and live alerts