ZimpleMoney CEO Ted Tekippe shares how private lenders and real estate investors can ditch outdated servicing models and manage loans professionally—without enterprise complexity or cost—on the latest episode of the Real Estate Pros Podcast by Investor Fuel.
Watch the full podcast episode here:
Real Estate Pros Podcast Episode Highlights:
Loan servicing has been the neglected stepchild of real estate lending
Ted started his career with five years in mortgage banking at one of the top 10 lenders in the country, then spent the next 15+ years in payments and fintech before taking the helm at ZimpleMoney. His observation: loan servicing—the part of a loan that lasts years, sometimes decades—has historically been given the least thought and the fewest resources. ZimpleMoney was built to change that, specifically for private lenders who deserve better tools than a spreadsheet.
“Mortgage servicing was kind of the neglected stepchild. It was like the last thing that any mortgage broker or banker thought about.”
Sign up and create your first loan in under 10 minutes
ZimpleMoney is a web-based platform with a simple loan builder wizard that walks lenders through adding deal terms, co-lenders, borrower info, and bank account details for distributions. Once everyone involved with the loan is connected and borrowers are set up on autopay, the platform handles those recurring borrower payments, late fee assessments, and automated digital loan ledger updates—no emailing a servicer and hoping they apply things correctly.
“Somebody could sign up for our platform in about five minutes and create their first loan on our platform in about five minutes.”
Borrowers get their own portal too
Borrowers can log in to see daily interest, payoff amounts, upcoming due dates, and payment history. They can set autopay, make payments directly from a one-click SMS or email notification, and even request a payment extension—all inside the app. That kind of transparency keeps both sides of the loan informed in real time.
“Being a two-sided web-based solution that gives full visibility and transparency to everybody involved is a pretty powerful solution and kind of a step level change over and above traditional servicing models.”
New AI-driven loan contract generator
One of ZimpleMoney’s newest features uses AI to generate loan contracts directly from the terms entered in the loan builder, ready to download in multiple formats. Lenders can also upload their own contract template and ZimpleMoney will populate it automatically using AI. For private lenders who previously relied on attorneys or generic templates for every new deal, this is a significant time saver.
“We’ll take all of the key terms that you put in our loan builder and we can generate a contract.”
If you’re doing debt financing in real estate, ZimpleMoney is it
Ted described how undeveloped land sellers offering seller financing, non-qualified mortgage single-family lenders serving borrowers who don’t fit traditional bank requirements, and hard money lenders running fix-and-flip portfolios on 12–24 month terms all benefit from the loan self-servicing tools ZimpleMoney has to offer.
“Hard money lenders that are doing fix and flip loans, lots of time tied to residential or commercial properties.”
Access to capital is the next big problem ZimpleMoney is solving
Ted named access to capital as the single biggest constraint for growing private lenders, and is ZimpleMoney’s next focus. The platform is actively building out credit facilities, warehouse lines, and term loan options for its lenders, along with loan origination features and integrations with secondary marketplaces for lenders who want to sell off originated notes.
“One of the key constraints in that business is access to capital.”
Whether you’re seller-financing land, managing a non-QM portfolio, or running fix-and-flip loans, ZimpleMoney gives you professional-grade loan self-servicing at a fraction of the cost of traditional models. Book a demo and see how quickly you can get your first loan up and running: