Superior Loan Servicing

What Superior Loan Servicing does

Superior Loan Servicing (legally Lil' Wave Financial, Inc.) is a privately held US loan servicing company founded in 2009 by Barry Harari and headquartered in Agoura Hills, California with a secondary office in Las Vegas, Nevada. The company exclusively serves the private lending sector by servicing non-QM (Non-Qualified Mortgage) loans designated for business purposes, supporting private lenders, brokers, capital providers, and fund managers across all 50 US states. According to company disclosures, it manages 6,000+ accounts representing approximately $3B in serviced loan volume on behalf of 3,000+ private lenders, brokers, and institutions, with 13+ years of operating history and roughly 40+ employees.\n\nThe company's core product is LoanlinQ, a proprietary online servicing platform launched in 2025 that provides real-time portfolio visibility, dashboards, self-service loan management, a Payoff Approval System (added August 2025), and a 24/7 Support Ticketing System. LoanlinQ is complemented by Same Day Payment processing (digital check, $30 fee), one-time and recurring ACH payment options, an impound/escrow servicing module, special-servicing functions (loan modifications, forbearance, foreclosure monitoring, bankruptcy administration), and document preparation services. Document preparation is led in-house for California and extended nationwide through a 2025 partnership with DossDocs. The company holds California DRE license #01878271, NMLS #309041, and active lending/servicing licenses in 17+ additional states, holds SOC 1 audited controls, and carries errors and omissions insurance.\n\nThe business model is sales-led and consultative, requiring an introductory call to review loan structures before a 5-step onboarding process; lenders are supported by a dedicated Lender Hotline and the company's US-based bilingual customer service team. Revenue is generated through a layered fee structure: recurring monthly servicing fees ($20/month flat for loans under $500K, 0.075% annually for $500K-$3M loans, 0.065% annually for loans above $3M, paid monthly), one-time loan setup fees ($75-$125 per loan, with volume discounts), administrative and transactional fees (ACH/wire distribution, insurance claim processing, assignment processing, same-day payments), late-fee revenue share arrangements (25-50% to SLS depending on loan size), document preparation fees ($50-$795), impound servicing ($20/loan/month), and custom-report/API/integration services. The company emphasizes white-label servicing to preserve lender brand identity and low, transparent pricing as core differentiators.\n

Name

Superior Loan Servicing

Legal name

Lil' Wave Financial, Inc.

Website

https://superiorloanservicing.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Superior Loan Servicing is a private, US-based loan servicer specializing in non-QM business-purpose loans for private lenders, brokers, and institutions. Its proprietary LoanlinQ platform and multi-state licensing support $3B+ across 6,000+ accounts for 3,000+ lending clients nationwide.

Ownership category

akta.pro rank

Product category

Private Loan Servicing

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Non-Agency (Jumbo/Non-QM) Mortgage Servicing (FSALAEAB)

akta.pro secondary industries

Loan Servicing & Special Servicing (Delinquency Management) (FSAKAJAG), Special Servicing (Default/Non-Performing & Workout) (FSALAEAF), Master Servicing (Private-Label/MBS Oversight & Investor Reporting) (FSALAEAE)

Keywords

• Private loan servicing
• Non-QM business-purpose loans
• Loan sub-servicing solutions
• Loan portfolio management
• Private lending services

Headquarters

HQ city

Canoga Park

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Loan Servicing Fees: Monthly servicing fees charged to lenders based on loan amount. Fees range from $20 per month for loans under $500K to percentage-based fees (0.075% annually for loans $500K-$3M and 0.065% annually for loans over $3M) paid monthly.
2. Loan Setup Fees: One-time fees for setting up new loans, ranging from $75 per loan for fixed rate non-escrow loans to $125 for escrowed loans. Volume discounts available at $50 per loan for 10+ loans.
3. Administrative Fees: Various administrative fees including distribution of borrower funds ($30 ACH/$45 wire per payee), insurance claim processing ($295), assignment processing ($75), and wire fees ($30).
4. Late Fee Distribution: Percentage share of late fees collected from borrowers, ranging from 25-50% depending on loan size, with remaining portion going to lender.
5. Document Preparation Services: Document preparation and foreclosure proceeding services, primarily in California, with fees ranging from $50 for notes to $795 for standard CA loan documents.
6. Special Servicing Fees: Fees for loan modifications ($595), forbearance agreements ($75), foreclosure monitoring, bankruptcy administration, and other special servicing activities.
7. Impound Servicing: $20 per month per loan for impound account servicing up to 2 payees, with $5 additional for each additional payee.
8. Custom Reports and Data Integration: Fees for custom report development ($225/hour), API integration ($40/month up to 50GB), and data transfer services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Superior Loan Servicing provides complete non-QM (Non-Qualified Mortgage) business-purpose loan servicing for private lenders, brokers, capital providers, and fund managers. Services span payment collection (ACH, checks, wires), loan monitoring, tax form preparation (1099/1098), monthly statements, distribution calculations, payoff demand preparation, delinquency management, insurance tracking, document management, impound servicing, late fee distribution, special servicing (modifications, forbearance, bankruptcy), document preparation (California), and foreclosure proceedings, all delivered through the proprietary LoanlinQ portal.

Product overview

Superior Loan Servicing operates as a loan servicing platform for private lenders, brokers, and institutions specializing in non-QM (Non-Qualified Mortgage) loans for business purposes. The core product is LoanlinQ, an online servicing portal that provides real-time visibility and control over loan portfolios. This platform is complemented by add-on features including the Ticket Support Portal for 24/7 issue tracking, the Payoff Approval System for streamlining payoff reviews, Same Day Payment for expedited digital check processing, and Document Preparation Services including a DossDocs partnership for nationwide loan documentation. The ecosystem also includes a Lender Hotline for dedicated support, various payment options (one-time and recurring ACH), and educational resources. All services are designed to support the private lending lifecycle from loan boarding through payoff.

Differentiator

Problem solved

Functional benefit

Brands

• LoanlinQ: SLS's online servicing platform that gives private lenders real-time visibility, control, and insight into their portfolios. Designed with simplicity and accuracy in mind, LoanlinQ brings every aspect of loan servicing into one intuitive, secure, and transparent dashboard.

Products and services

• LoanlinQ Online Servicing Platform SLS's proprietary online servicing portal that provides private lenders and borrowers with real-time visibility, control, and insight into loan portfolios through intuitive dashboards, analytics, and self-service capabilities.
• Document Preparation Services Loan documentation services for business-purpose loans, primarily in California, including loan document preparation, lender and borrower disclosures, loan modification agreements, forbearance agreements, substitution of trustee, subordination agreements, release or reconveyance, grant deed, quitclaim deed, note and deed of trust, loan extension agreements, and administrative services.
• Nationwide Loan Documentation via DossDocs Partnership-enabled nationwide online on-demand loan documentation service for business-purpose loans, extending SLS's California-based document preparation reach to all 50 states at a 15% discount for SLS clients.
• Full-Service Loan Servicing (Non-QM Business-Purpose) End-to-end non-QM business-purpose loan servicing for private lenders, brokers, capital providers, and fund managers, including payment collection (ACH, checks, wires), loan monitoring, tax form preparation (1099/1098), monthly statements, distribution calculations, payoff demand preparation, delinquency management, insurance tracking, document management, impound servicing, late fee distribution, and special servicing (modifications, forbearance, bankruptcy, foreclosure).

Quantifiable outcome

• 6000+ accounts managed
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• DossDocscoreGTM or Marketing Partner · 1 January 2025Partnership with DossDocs, a premier nationwide provider of loan documentation for business-purpose loans. SLS lenders and brokers new to DossDocs receive an exclusive 15% discount on comprehensive loan documentation services. This collaboration enables private lenders to prepare accurate, compliant loan documents anywhere in the country, complementing SLS's California-only document preparation services.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BSI Financial Services: Loan servicing and special services provider with focus on default management, REO, and subservicing for residential and commercial portfolios. Comparable to SLS in special servicing and private lender subservicing offerings.
• Pacific Southwest Realty Services: California-based loan servicer focused on private lenders, trust deed investors, and non-institutional mortgage portfolios. Closely comparable to Superior Loan Servicing in niche, geography, and customer base — direct head-to-head competitor for non-QM business-purpose loan servicing in the Western US.
• FCI Lender Services: Specialized loan servicer providing residential and commercial mortgage subservicing with a focus on default, special servicing, and private lender clients. Comparable to SLS on private-lender subservicing, special servicing, and delinquency management offerings.
• Dovenmuehle Mortgage: Large independent subservicer providing loan servicing for banks, credit unions, and private investors across residential and commercial portfolios. Comparable to SLS as a subservicing specialist, though serving a broader customer base including institutional clients.
• Rushmore Loan Management Services: Independent residential and commercial subservicer handling performing, special servicing, and default for investors and lenders. Comparable to SLS on full-lifecycle servicing, default management, and private lender subservicing capabilities.

Broad incumbents

• Cenlar FSB: One of the largest residential subservicers in the US, primarily serving banks and GSE-related portfolios. Less specialized in private/non-QM than SLS but a benchmark on scale, technology investment, and operational maturity that SLS must compete against for institutional accounts.
• ICE Mortgage Technology (Black Knight): Dominant mortgage technology and servicing platform (formerly Black Knight) used by the majority of US servicers. Represents both the technology backbone many competitors run on and a strategic threat as it expands into subservicing-adjacent offerings relevant to SLS's customer base.
• LoanCare: Large national subservicer handling residential portfolios for banks, credit unions, and investors. Comparable as a subservicing scale competitor to SLS, particularly for lenders evaluating outsourced servicing at scale, though less focused on the private/non-QM niche.

Others

• Sagent: Cloud-based loan servicing technology platform serving servicers, lenders, and investors. Functions as both a potential technology competitor (offering direct-to-servicer software) and an enabler/alternative to SLS's proprietary LoanlinQ platform for lenders considering in-house or third-party tech stacks.
• DossDocs: Nationwide provider of loan documentation for business-purpose and private lending loans, currently partnered with SLS. Functions as a complementary technology vendor today but is an adjacent market participant whose nationwide doc-prep capabilities could be a future alternative or competitor to SLS's own document preparation services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCc0YYDclAs1QZ5-oJ41hFrw/featured
• LinkedInlinkedin.com/company/superior-loan-servicing

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Superior Loan Servicing