ZimpleMoney CEO Ted Tekippe recently joined Nathan Turner and David Putz on the Real Estate Notes Show for a candid discussion about how cloud-based software is changing the game for note self-servicing. The conversation centers on one big idea: private lenders who are still managing loans in spreadsheets are taking on unnecessary risk, leaving money on the table, and making their notes harder to sell.
Watch the full podcast episode here:
Just $77 for Unlimited Note Self-Servicing: Borrowers Pay It
In this podcast episode, Ted walks through how cloud-based note self-servicing helps private lenders run a more professional operation without paying enterprise prices.
Here are a few standout takeaways from the conversation:
- Spreadsheets Don’t Hold Up In Court
Ted explains that your own spreadsheet is not a strong system of record in foreclosure or default. Courts, attorneys, and sophisticated note buyers want official ledgers, clear histories, and a borrower-facing portal—not a homegrown workbook that breaks as soon as payments are late, incomplete, or deferred.
- Unlimited Loan Self-Servicing for $77/Month
Instead of getting nickeled and dimed as your note investing portfolio scales, ZimpleMoney offers simple subscription plans including the ability for you to service any number of your loans through our platform—whether that’s 50 or 500+ loans. ACH transactions run at a small fee plus a capped amount per payment, with volume discounts available.
- Borrowers Pay the Servicing Subscription Fee
One of Ted’s core points about ZimpleMoney for note investors is that most or all platform and transaction costs can be passed through to borrowers. Lenders can add monthly servicing fees, per-transaction fees, or origination fees to the loan contract so ZimpleMoney effectively runs at no out-of-pocket cost.
- One-Click Default Puts You in Control
Lenders using ZimpleMoney can mark any loan “in default” with a single click. That instantly stops automated and partial payments, blocks the borrower from making small catch-up payments, and prompts ZimpleMoney to recommend that you seek an attorney in your state so foreclosure and legal timelines are handled correctly.
- Built for Private, Seller Financing, and Hard Money Lenders
ZimpleMoney supports multiple loan types, interest bases, and repayment schedules, so it works across seller-financed notes, hard money loans with construction draws, installment contracts, and loan syndicates. Lenders can add multiple investors to a single loan, split payments pro rata or via wrap-style structures, and transfer notes between investors inside the platform while preserving full payment history.
- Compliance and Infrastructure Already Handled
Under the hood, ZimpleMoney operates with FBO trust accounts and complies with NACHA, PCI, and SOC 2 standards. ZimpleMoney is the “software plus rails” layer that lets private lenders self-service their own loans legally and professionally.
If you’re still managing loans in Excel and want clean ledgers, better borrower communication, and notes that are easier to sell, listen to the full podcast episode above to learn how ZimpleMoney fits into a modern private lending stack.
Or, if you’re ready to see ZimpleMoney in action, click here to book a demo and see how simple note self-servicing can be.