Best Loan Software – The Ultimate List

September 2022

The ever-expanding FinTech world and changing market conditions force companies to compete on a new level. The process of loan management has to be focused on a user and real, not imaginative, challenges. Loan software offers multiple solutions for everyday people. Here’s the list of the most known applications for you to compare and draw inspiration from.

What counts as loan software?

The question is actually very valid. Since loan software is a part of the financial software ecosystem, it should offer solutions for people interested in money management. To do that, applications need to offer a wide variety of useful functionalities:

  • store loan data and documents to be easily accessible by users
  • have advanced security protocols
  • offer the creation, modification, and ending of loan processes and contracts
  • automate fees
  • generate transaction calculations before signing the loan agreement
  • offer fee calculator if the contract predicts dynamic changes in market conditions that impact fees
  • manage relations and secure data exchange with third-party brokers and inventors
  • be in line with both the local and global FinTech and general law regulations
  • have dashboards and generate reports for users so they can make informed decisions about loan performance and future steps

These requirements are pretty standard for the industry, so if you want to find a perfect solution, these are mandatory. If you want, on the other hand, to create your own solution, you may consider custom lending software development services. It’s the most effective way for the creation of a loan software product.

The criteria for successful loan software application

Loan software applications are distinctive, even for FinTech. In general, financial technology applications deal with sensitive customer data. They are expected to protect them and offer various, sometimes very complicated, services on the go. Loan software goes even further. It offers the ability to get out of debts, manage personal accounts, finance personal and company expenditures. By definition, they need something extra.

This “something” is care. The list below consists of many loan software applications but only some of them rise to the true potential of the market. There are still niches to be explored (for example loan management software) and various ways to utilize them. When browsing for a perfect solution, make sure to explore different alleys. Don’t settle for “just right”, expect “the best as possible can be”.

The list of loan software products

51

MARQ

250+ Employees
New York, United States
Est. 2007
The MARQ portal streamlines business lending by improving the way lenders and their customers interact. It automates manual processes, centralizes loan information, and equips lenders to understand the credit position of their business borrowers instantaneously.
Specialities
  • Risk Management
  • Economic Analysis and Forecasting
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52

MeridianLink Consumer

250+ Employees
Costa Mesa, United States
Est. 1998
MeridianLink Consumer, formerly known as LoansPQ®, is the industry’s leading loan origination system, providing a full loan product suite to banks and credit unions. As a single loan origination system, MeridianLink Consumer consolidates and streamlines applications from all channels, applying the same rules and processes to ensure a streamlined process for bank and credit union staff and a world-class consumer experience for members and customers.
Specialities
  • Financial Services
  • Loan Software
  • Banking
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53

MeridianLink Mortgage

250+ Employees
Costa Mesa, United States
Est. 1998
For banks, credit unions, credit union service organizations and IMB’s who are retail, wholesale and correspondent lenders, MeridianLink Mortgage (formerly LendingQB) is a mortgage loan origination software that is SaaS-based, web-based, seamlessly integrates with over 250 vendors, has complete underwriting, pricing, decisioning and funding capabilities and is supported with best-in-class customer support.
Specialities
  • Financial Services
  • Loan Software
  • Banking
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54

Moody’s Lending Cloud

250+ Employees
New York, United States
Est. 2007
Lending Cloud is an innovative, fully integrated, credit management solution used by over 800 US banks and credit unions. Flexible enough to handle commercial, agricultural, and small business lending, its cloud-based, software-as-a-service (SaaS) delivery model makes Lending Cloud easy to implement and use in a range of settings and institutions.
Specialities
  • Risk Management
  • Economic Analysis and Forecasting
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55

Mortgage Origination Solutions

250+ Employees
Irvine, United States
Est. 2010
ARTAdvisor is a tool to provide you with analysis of individual loans or an entire portfolio to determine management actions to maintain performance and profitability.
Specialities
  • Mortgage
  • Loan Origination
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56

Mortgage Returns

250+ Employees
Pleasanton, United States
Est. 2000
Integrated CRM for the modern mortgage world. Integrated into the industry’s leading loan origination systems, including Ellie Mae’s Encompass
Specialities
  • Mortgage Lender Software
  • Loan Origination Systems
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57

Nelito Loan Origination

250+ Employees
Navi Mumbai, India
Est. 1995
Nelito’s Loan origination solution helps whether you are a Bank, NBFC, credit union, Microfinance company or a financial institution. The LOS helps in automating loan origination cycle starting from Lead generation to Customer On Boarding.
Specialities
  • Core Banking Solution
  • Loan Management Solution
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58

NetOxygen Enterprise

250+ Employees
Bangalore, India
Est. 1945
NetOxygen is an enterprise loan origination system that helps manage workflow and delivers a user experience at every aspect of the loan lifecycle from lead management, processing and underwriting through post closing, funding and interim servicing.
Specialities
  • Business Process Outsourcing
  • Business Application Services
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59

NetOxygen LOS

250+ Employees
Bangalore, India
Est. 1945
NetOxygen LOS provides rich automation, smart configuration, and access to emerging digital tools that can differentiate you with your customer and position you for next generation lending.
Specialities
  • Business Process Outsourcing
  • Business Application Services
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60

noteXchange

250+ Employees
Luxembourg, Luxembourg
Est. 2009
noteXchange is an intuitive software solution that can help streamline your workflow, reduce risk and trade more effectively.
Specialities
  • Real Estate Investor Solutions
  • Origination Solutions
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61

Originations

250+ Employees
Pune, India
Est. 1990
Lending Solutions is a web-based solution that is designed to meet the needs of retail financing with multi portfolio operations, security framework, modular framework, interface with external and host systems, configurable risk and credit control, and more.
Specialities
  • Loan Origination System
  • Lending Software
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62

Owners.com Loans

250+ Employees
Luxembourg, Luxembourg
Est. 2009
Owners.com Loans can provide home buyers with competitive rates, streamlined processes and personalized service.
Specialities
  • Origination Solutions
  • Real Estate Investor Solutions
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63

PowerCurve Originations

250+ Employees
Costa Mesa, United States
Est. 1980
During life’s big moments – from buying a home or car, to sending a child to college, to growing a business exponentially by connecting it with new customers – we empower consumers and our clients to manage data with confidence so they can maximize every opportunity.
Specialities
  • Risk Management
  • Financial Access
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64

Precision LM Originator

250+ Employees
Windsor, United States
Est. 1986
LMS Originator manages your loan process in a single database application from pre-qualifying loan requests, processing applicaitons, commitment processing, loan disposition, servicing and accounting.
Specialities
  • Portfolio Management
  • Institutional Outsourcing
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65

Precision LM Servicer

250+ Employees
Windsor, United States
Est. 1986
Precision LM is a commercial loan origination and servicing system that allows you to manage aspects of your loan process from pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting on a single database.
Specialities
  • Portfolio Management
  • Financial Services Software
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66

Proloan Worldwide

250+ Employees
Stellenbosch, South Africa
Est. 1994
Proloan Worldwide is a Loan administration program for the micro finance industry.
Specialities
  • Loan Administration
  • Information Technologies
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67

Prospa

250+ Employees
Sydney, Australia
Est. 2012
Prospa is Australias #1 online lender to small business. They take the time to understand your business and offer easy access to finance solutions that suit your business needs.
Specialities
  • Business Finance
  • Small Business Loans
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68

QUALCO Loan Manager

250+ Employees
Athens, Greece
Est. 1998
QUALCO Loan Manager (QLM) is a web-based platform specifically designed to be an end-to-end solution for loan management and servicing. It is ideal for creditors including retail banks and alternative lenders, debt purchasers and loan servicing companies. Powerful functionality covers all stages of credit processing, from portfolio onboarding and loan disbursement to termination and restructuring, while supporting fully the management of performing, non-performing and terminated portfolios. It supports all lending products including but not limited to secured and unsecured consumer loans, small business loans, commercial real estate loans, and corporate loans, as well as a wide range of interest plans and repayment structures. You can activate new products, reschedule and restructure loans, allowing you to run your business and adjust to market changes quickly and efficiently.
Specialities
  • Collections and Recoveries Technology
  • Loan Management
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69

Qualia Post

250+ Employees
San Francisco, United States
Est. 2015
Qualia Post pairs automation and a dedicated service team for mortgage lenders to take the hassle out of document fulfillment from real estate partners.
Specialities
  • Real Estate
  • Loan Software
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70

REALSynergy

250+ Employees
Luxembourg, Luxembourg
Est. 2009
The REALSynergy platform is an automated, commercial real estate and multi-family loan servicing platform capable of effectively managing a wide variety of loan structures, including government servicing entity (GSE) and CMBS deals.
Specialities
  • Real Estate
  • Loan Servicing Platform
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71

RiskOrigins

250+ Employees
New York, United States
Est. 2007
RiskOrigins software is a next-generation, credit decisioning and monitoring platform that delivers improved risk management over the credit life cycle. The software offers a robust framework for regulatory compliance while helping banks retain their competitive edge through improved efficiencies and time-to-cash for customers.
Specialities
  • Credit Risk
  • Risk Management
  • Economic Analysis and Forecasting
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72

SallieMae

250+ Employees
Newark, United States
Est. 1972
Helping you pay for college, graduate school, or whatever’s next for you
Specialities
  • College Savings
  • Student Loans
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73

Smart Micro Credit Business Suite

250+ Employees
Lesquin, France
Est. 1996
Smart Micro Credit Business Suite is an end-to-end cutting edge software solution for Micro Financial Institutes working in multiple segments of Social Development Sector. It keeps all the records of applicant, groups, loan details, approvals, employee task, accounting vouchers, employee attendance and payroll records etc.
Specialities
  • Retail
  • Distribution
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74

SmartLend 3G

250+ Employees
Chennai, India
Est. 2000
SmartLend Lite is a financial management solution that allows implementation for customers, adapts to your business processes with customizations, and more.
Specialities
  • Business Intelligence
  • Financial Services Solutions
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75

SmartLend Lite

250+ Employees
Chennai, India
Est. 2000
Financial software solutionaimed at non-banking financial companies of all sizes.
Specialities
  • Business Intelligence
  • Financial Services Solutions
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76

SMAVA

250+ Employees
Berlin, Germany
Est. 2007
smava is Germany’s online comparison portal for online loans . From a wide range of credit offers, consumers get free credit and a cheap credit within seconds. With the credit comparison, private consumers and business customers will find favorable offers from leading banks as well as from private investors with a private loan , which support financing projects of any kind on the subject of money lending . The credit price comparison of smava is suitable for all groups of people as well as for any purpose such as a car loan.
Specialities
  • Loan Comparison Platform
  • Personal Loans
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77

Snapdocs

250+ Employees
San Francisco, United States
Est. 2012
Snapdocs is a digital closing platform that connects lenders and settlement so each can efficiently manage their closings and offer a referral-worthy experience for their shared customer, the borrower. Powering over 2,000,000 closings a year, Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing–whether wet, hybrid, or fully eClose.
Specialities
  • Loan Software
  • Accounting Integration
  • Secure Mortgage
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78

Sofi

250+ Employees
San Francisco, United States
Est. 2011
SoFi is a values-driven company on a mission to help our members get their money right. Creates modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitionsfrom owning a home to saving for retirement, paying off their student loans, and more.
Specialities
  • Refinancing Student Loans
  • Mortgages
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79

Solarisbank

250+ Employees
Berlin, Germany
Est. 2016
Solarisbank is a Banking-as-a-Service platform with a full banking license that enables companies to offer their own financial products.

Through APIs, partners gain access to Solarisbank’s modular services including payments and e-money, lending, digital banking as well as services provided by integrated third-party providers. Through this, Solarisbank creates a highly developed technological banking ecosystem for fintechs and established digital companies, as well as banks and corporates.
Specialities
  • Payments
  • Banking as a Service
  • E-money
  • Lending
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80

Sopra Banking Platform

250+ Employees
Paris, France
Est. 2012
Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of its solutions, the strength of its conviction and the passion for innovation enable Sopra Banking Software to support its clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Sopra Banking Software customers, based in over 80 countries around the world, benefit every day from technologies and software, as well as the expertise of 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development.
Specialities
  • Banking Software
  • Digital Transformation
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81

Sopra Financing Platform

250+ Employees
Paris, France
Est. 2012
Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees.
Specialities
  • Banking Software
  • Digital Transformation
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82

Student Loan Servicing System

250+ Employees
Lincoln, United States
Est. 2017
Student Loan Servicing System provides customer service on your federal student loans, so this tool answers your questions, offers solutions if you’re having trouble paying, and processes your payments.
Specialities
  • Student Loan Products And Services
  • Education Services
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83

Total Expert

250+ Employees
St. Louis Park, United States
Est. 2012
Total Expert is the leading fintech software company that delivers purpose-built CRM and customer engagement for modern financial institutions. The Total Experience Platform unifies data, marketing, sales, and compliance solutions to provide a cohesive experience across the customer lifecycle. Total Expert turns customer insights into actions to increase loyalty and drive growth for banks, lenders, credit unions, and other financial services firms. For more information visit totalexpert.com.
Specialities
  • Marketing
  • Sales Software for Financial Services
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84

TruPoint RiskCheck

250+ Employees
Brentwood, United States
Est. 2009
Experience TRUPOINT RiskCheck, the unique Fair Lending risk review solution designed for smaller financial institutions.
Specialities
  • Risk Management
  • Contract Management
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85

Upgrade

250+ Employees
San Francisco, United States
Est. 2016
Upgrade is an online lending platform that delivers affordable credit products & free credit monitoring.
Specialities
  • Personal Loans
  • Credit Monitoring
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86

Velocify LoanEngage

250+ Employees
Pleasanton, United States
Est. 2000
Velocify LoanEngage is the only mortgage CRM software powerful enough to unite lenders and loan officers. In addition to the marketing features offered by other platforms, which mostly benefit lenders, Velocify LoanEngage provides our unique brand of sales automation that helps loan officers build and grow their relationships with borrowers and referral partners.
Specialities
  • Digital Mortgage
  • Loan Origination
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87

Vendorly Invoice

250+ Employees
Luxembourg, Luxembourg
Est. 2009
Automate the full lifecycle of your accounts payable workflow and help improve collections with a cloud-based e-invoicing and payment system.
Specialities
  • Origination Solutions
  • Real Estate
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88

VeriLoan

250+ Employees
London, United Kingdom
Est. 1998
Loan origination solution built on top of Dynamics 365 for Retail, Corporate & SME banking verticals For many financial institutions, loans are placed at the center of the organizations as they provide a key ingredient in determining organizational profitability. Financial institutions are increasingly mindful of improving loan origination and servicing processes to increase efficiency and decision speed. They also aim to enhance their capabilities to provide superior customer experience. Managing complex, scalable and multiphase lending processes requires excelling in operations. VeriPark’s loan origination and servicing solution VeriLoan developed on Microsoft Dynamics 365 offers the best-in-class end-to-end solution for financial institutions. It provides a full range of functionalities that streamlines loan origination and servicing processes, while maximizing efficiency and reducing risk. VeriLoan is a loan origination solution that helps financial institutions to: Reduce turn-around time Enable digital & self-service origination Reduce error & return rates Mitigated risk & enhanced decisioning Reduce the cost of client acquisition Improve employee experience Boost customer engagement Increase market share Capturing the loan request is the first and most important part of a loan origination solution. VeriLoan helps to capture the data and manage seamless, consistent and engaging customer journeys on the same platform, no matter what channel or combination of channels you choose to use. Multiple channels being managed in a single platform enables an all-inclusive review of: Branch Based Origination Digital Origination Mobile Origination 3rd Party Broker Origination
Specialities
  • Online Banking
  • Loan Origination
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89

ABLE Monitoring

50-249 Employees
London, United Kingdom
Est. 2014
ABLE Monitoring platform enables business users to exploit extensive loan monitoring capabilities over retail, corporate, and SME portfolios and gives lenders opportunities to manage customer and account relationships more profitably.
Specialities
  • Banking And Financial Software
  • Commercial lending
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90

ABLE Origination

50-249 Employees
London, United Kingdom
Est. 2014
ABLE Origination platform automates the whole loan origination process. The platform operates with little or no human interaction. Due to the 360° customer view, ABLE Origination provides a unique customer experience and maximizes portfolio revenue.
Specialities
  • Banking And Financial Software
  • Commercial lending
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91

Abrigo Consumer Lending

50-249 Employees
Austin, United States
Est. 2000
Abrigo provides market-leading compliance, credit risk, and lending solutions to enable its customers to think bigger, allowing them to both manage risk and drive growth. Our mission to “Make Big Things Happen” underscores our commitment to helping community financial institutions succeed against “the perfect storm” of ever-changing and increasing regulatory requirements, limited resources, increasing and new competition, evolving technologies, and changing customer expectations. We provide product innovation, world-class support, and unparalleled expertise so that our customers can make big things happen.
Specialities
  • Lending Solutions
  • FinTech
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92

AllCloud

50-249 Employees
Hyderabad, India
Est. 2015
AutoCloud is a next-generation comprehensive, customizable, and industry-specific loan management solution for financial institutions of all sizes.
Specialities
  • Personal Loan Software
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93

Anovaa

50-249 Employees
Malvern, United States
Est. 2007
Anovaa is a loan origination platform that combines consumer-facing simplicity with smart technology to speed loan processing and maximize operational efficiencies. It helps lenders increase pull through using unique customer experience technology, and automates workflow resulting in improved productivity. Anovaa is available as SaaS or combined with Anovaa Originate – our lending as a service solution for turnkey outsourcing of loan products, processing, and customer service. The Anovaa Loan Origination Platform helps lenders amplify customer engagement and book more loans. Our growing list of lending solutions includes personal, student/parent and education refinance, and revolving credit loan products. Anovaa features include automated, warp speed loan workflow processing, customer journey tracking with real-time analytics, personalized loan offers, preemptive fraud detection, integrated credit scoring engine, omni-channel, including SMS, and a wide range of integrated security and risk management features.
Specialities
  • Loan Processing
  • FinTech
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94

Auto Finance Software

50-249 Employees
Houston, United States
Est. 1967
Auto Finance Servicing Software Shaw Systems offers a state-of-the-art auto finance servicing software solution. Our solution manages every aspect of the servicing life-cycle through delinquency management, recovery and placement. It offers seamless support for the needs of the borrower, dealer, internal staff, and management. The modern lending landscape provides challenges for maintaining a competitive advantage. Improving corporate efficiencies in line with increased volume and compliance requirements is a difficult task. Shaw provides a clear advantage to the lending community through automation, technology, and integration with value-added industry partners. Shaw supports a myriad of consumer loan products with integrated features to automate processes and navigate the dynamic credit landscape. We support loans, lines of credit, dealer/indirect, floor plan, commitments, securitization, and insurance/products. Consumer finance organizations can obtain business faster and at a lower cost with our auto finance servicing software solution. Expanding customer relationships with competitive offerings, while managing risk, increases our clients’ competitive advantage. Our customer-centric enterprise suite of products can enhance every process.
Specialities
  • Lending Software
  • Auto Finance Software
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95

AutoCloud Enterprise

50-249 Employees
Hyderabad, India
Est. 2015
AutoCloud is an end-to-end loan management software
Specialities
  • Personal Loan Software
  • Sicrofinance Software
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96

Auxmoney

50-249 Employees
Düsseldorf, Germany
Est. 2007
Auxmoney is an online peer-to-peer loan marketplace.
Specialities
  • Fintech
  • Peer-to-Peer
  • Financial Services
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97

Baker Hill NextGen®

50-249 Employees
Carmel, United States
Est. 1984
Baker Hill NextGen® is a single unified platform that streamlines loan origination and portfolio risk management for commercial, small business and consumer lending, delivers sophisticated analytics and marketing solutions, and is the expert solution for relationship management, CECL and analytics for financial institutions. Multiple, disjointed systems that hinder the ability to make data-driven decisions are a thing of the past. Baker Hill NextGen® offers the most high-tech comprehensive solution that fits the way the market wants to consume technology today—and in the future.
Specialities
  • Commercial Lending
  • Portfolio Risk Management
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98

BriteLine

50-249 Employees
Chicago, United States
Est. 2014
Supernova’s cloud-based platform integrates real-time data from multiple systems, such as loan accounting, collateral monitoring, and payment processing, and applies intelligent permissioning across the integrated platform.
Specialities
  • Securities-Based Lending
  • Asset Strategies
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99

Cashwise

50-249 Employees
Provo, United States
Cashwise offers a comprehensive payday loan system.
Specialities
  • Check Cashing
  • Deferred Deposit
  • PayDay Loans
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100

CL Collections

50-249 Employees
Austin, United States
Est. 2005
CL Collections is a customer-centric collections application designed to enable lenders to define and automate collection strategies, optimize customer interaction across channels, lower risk and reduce technical and operational costs.
Specialities
  • Banking Technology
  • Mobile Banking
  • Fintech
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