FAQ

Questions before you get started?

Find answers about pricing, product availability, borrower payments, and moving your servicing records into Roboloan.

Product and availability

Who is Roboloan for?

Roboloan is designed for private and hard-money lenders managing business-purpose loans, along with the teams that service those accounts. Contact us to confirm whether your loan types and workflows are supported.

Is my portfolio too small?

Tell us how many loans you service and what work you need to manage. We will help you assess whether Roboloan’s current capabilities and participation requirements fit your operation.

Are all advertised features available?

Roboloan is in active development. Some capabilities are available today and others are still being built. We will confirm current availability for your organization during your walkthrough.

Which loan structures are supported?

Ask our team to review your specific loan terms and demonstrate the calculations and workflows you need. Confirm support for interest-only payments, balloon amounts, extensions, construction activity, and any other specialized requirements before onboarding.

Where is Roboloan based?

Roboloan LLC is based in Colleyville, Texas. Email info@roboloan.io for company inquiries or sales@roboloan.io for product questions.

Pricing and participation

Is the software free?

Participating lenders use Roboloan at $0 software cost, with no subscription or per-seat fees, while keeping Roboloan Payments enabled for eligible borrower payments. Payment-related fees and participation requirements apply. See Pricing for details.

How does Roboloan make money?

Roboloan earns revenue through its integrated online payment service when borrowers make eligible payments through the platform.

What does participating lender mean?

Participating lenders keep Roboloan Payments enabled for eligible borrower payments and meet the requirements of their approved setup and service agreement. Our team will explain eligibility and participation conditions before onboarding.

What if I want to disable payments or leave?

Contact our team to review how the change would affect participation, account access, and your records. Ask about available export and transition options before making changes.

Payments and settlement

What is Roboloan Payments?

Roboloan Payments is the integrated online payment experience for eligible borrower payments. It connects payment activity with the related servicing record. Payment-processing partners handle processing and settlement under the organization’s approved setup.

Which payment methods are available?

Available online payment methods depend on your organization’s approved payment setup. Borrowers can review the options and any applicable fee before authorizing a payment. For other ways to pay, contact your lender or servicer.

Can we accept payments outside Roboloan?

Participating lenders may continue to accept legitimate alternative payment methods where permitted and appropriate for their servicing operation. Ask our team how checks, wires, payoff funds, and other approved transactions fit your setup.

How are fees shown?

Before an eligible online payment is authorized, the borrower should be able to review the loan-payment amount, any applicable Online Payment Service Fee, and the total payment separately. The applicable fee depends on the approved payment setup.

Does a service fee reduce the loan balance?

No. An applicable Online Payment Service Fee is separate from the loan payment and does not reduce the loan balance. The payment review should show the loan payment, service fee, and total separately.

Does Roboloan hold payment funds?

No. Payment processing and settlement are handled by the integrated payment partner under the approved payment arrangement. Roboloan maintains the related servicing information.

When does the lender receive settlement?

Settlement follows the payment-processing partner’s procedures and your organization’s approved arrangement. Processing costs may be deducted under that arrangement. Email payments@roboloan.io for the timing and deductions that apply to your setup; payment authorization is not confirmation of settlement.

What if an online payment fails or is disputed?

Returns, reversals, and disputes follow the applicable payment-provider procedures and your organization’s approved arrangement. The related servicing record must reflect the outcome. Contact your lender or servicer about the effect on your account. Roboloan support can help investigate a technical problem with the platform.

Can online payments be unavailable for a loan?

Online payment availability can depend on the organization’s payment setup and the account’s current configuration. If you do not see an online payment option, contact your lender or servicer for the permitted ways to pay.

Onboarding and data

Can I bring existing loans into Roboloan?

Talk with our onboarding team at onboarding@roboloan.io about your current records, balances, schedules, and payment history. We will discuss the migration options available for your portfolio and the information needed to assess them.

How long does onboarding take?

Timing depends on your portfolio, the condition of your records, required setup, and any payment-provider approvals. We will discuss the available onboarding approach and expected next steps after reviewing your needs.

Can I export my records?

Discuss the records you need and the export or transition options available for your organization before onboarding. Ask our team to confirm supported formats, included history, and any conditions in your agreement.

How is information protected?

Roboloan’s published controls include organization-scoped access, permissions, secure connections, account protections, and audit history. Visit Security & Trust for the current description of controls and certification status.

Is Roboloan SOC 2 certified?

Roboloan does not currently claim SOC 2 certification or other third-party security attestations. Visit Security & Trust for the current disclosures and email security@roboloan.io about your organization’s requirements.

Borrower access

How do borrowers get access?

Borrowers use an invitation from their lender or servicing team to set up access. If an invitation has expired or account access is unavailable, they should contact that team.

Who answers questions about a loan?

Your lender or servicer handles questions about loan terms, balances, payment obligations, and payoff amounts. Roboloan support helps with access and technical issues.

Talk to our team

Still have a question?

Email sales@roboloan.io or request a demo to discuss your servicing needs.