About GeekPay
A cloud-based loan servicing and payment automation platform for real estate investors and lenders. It provides automated loan tracking, recurring payment collection, and a self-service borrower portal.
GeekPay is a specialized loan servicing and payment automation platform designed primarily for real estate investors and private lenders. It replaces manual spreadsheet-based tracking with an automated system that handles ledgering, interest calculations, and recurring payment collection. The platform is built for efficiency, offering a self-service borrower portal that reduces administrative back-and-forth by providing real-time access to loan balances and payment history. Key capabilities include automated ACH and credit card processing, one-time payment links for deposits, and robust reporting tools. The system is cloud-based and emphasizes security through bank-level encryption and payment tokenization. While it is highly focused on the note-servicing niche, its automated notification system and borrower portal make it a comprehensive solution for managing small-to-medium loan portfolios. Pricing is transparent and tiered based on the number of notes managed, with a 30-day free trial available for new users.
Pros & Cons
- Automates recurring payment collection and loan ledgering to save time.
- Provides a dedicated borrower portal for transparency and self-service.
- Transparent tiered pricing based on the number of notes managed.
- Includes automated email notifications for payment status and defaults.
- Pricing tiers are capped by the number of notes, which may require upgrades as portfolios grow.
- Feature set is highly specialized for loan servicing and may not suit general-purpose accounting needs.
- Does not offer a native mobile app, relying on a web-based borrower portal.
Features
Key features
Manages loan ledgering and interest calculations to reduce manual accounting errors.
Automates monthly ACH and credit card payments with backup payment method support.
Provides borrowers with 24/7 access to loan balances, payment schedules, and document storage.
Generates secure links for collecting down payments or deposits without requiring borrower accounts.
Sends email alerts for payment due dates, clearance, and default notices.
Additional features
Generates loan performance reports for accounting and tax purposes.
Supports custom fee structures including pro-rated property taxes and note servicing fees.
Allows attachment of contracts and loan-related documents for borrower access.
Secures sensitive financial data using industry-standard tokenization technology.
Protects data transmission with bank-level encryption protocols.
Enables lenders to process one-time payments directly through the platform.
Supports connecting multiple payment accounts to a single loan to prevent failed transactions.
Pricing
Monthly plans
Countries & Languages
Interface languages
Billing currencies
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About GeekPay
A cloud-based loan servicing and payment automation platform for real estate investors and lenders. It provides automated loan tracking, recurring payment collection, and a self-service borrower portal.
GeekPay Details
GeekPay's In-App Market Place
Does GeekPay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
8
Mini Apps
1. Stripe Connect: Allows users to easily accept payments through Stripe
a popular online payment processing platform.
2. PayPal Integration: Enables users to offer PayPal as a payment option on their GeekPay platform for increased flexibility for customers.
3. Square Integration: Integrates Square payment processing services into GeekPay
allowing users to accept payments in person and online.
4. Subscription Billing: Provides users with the ability to set up recurring billing and subscription options for their customers.
5. Auth.Net Integration: Allows users to accept payments through Authorize.Net
a widely-used payment gateway for e-commerce transactions.
Pricing Options
Plans
Monthly plans
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CNY (¥), CHF (CHF), SEK (kr), NOK (kr), DKK (kr), NZD (NZ$), SGD (S$), HKD (HK$), KRW (₩), INR (₹)
Pros & Cons
- Automates recurring payment collection and loan ledgering to save time.
- Provides a dedicated borrower portal for transparency and self-service.
- Transparent tiered pricing based on the number of notes managed.
- Includes automated email notifications for payment status and defaults.
- Pricing tiers are capped by the number of notes, which may require upgrades as portfolios grow.
- Feature set is highly specialized for loan servicing and may not suit general-purpose accounting needs.
- Does not offer a native mobile app, relying on a web-based borrower portal.
GeekPay's Support Options
Email Address
support@geekpay.ioDocumentation
https://support.geekpay.io/Community Forums
https://community.geekpay.io/Live Chat
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