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
101
Close Origination
50-249 Employees
Naarden, Netherlands
Est. 1991
Close Origination is designed to offer speed, efficiency and an optimal result for both the applicant and the loan provider. The solution is available 24/7 for consumers who submit applications by web or mobile applications, as well as for applications submitted by dealers, intermediaries and sales agents.
Close Servicing supports all servicing processes from the opening of a loan until the final payment. Both the periodic, recurring activities such as calculating and charging of due dates or interest on arrears as well as the occasional, incidental activities such as early prepayments or intermediate rate revisions are being conducted in the contract administration and financial sub administration of the solution.
CloudBankIN is the SaaS Banking Engine which has the functionality of Savings, Deposits, Shares, Loan Origination, Loan Management, Collection Management, Accounting Management and a lot more. It comes as a rare combination of flexibility and sturdiness to support a whole range of business operations for any type of financial organization. Ideal for NBFCs, Micro Financial Institutions, Private Lenders, Non-Government Organisations, Credit union, Cooperative Societies, and other lending institutions., India
Est. 2008
CloudBankIN is the SaaS Banking Engine which has the functionality of Savings, Deposits, Shares, Loan Origination, Loan Management, Collection Management, Accounting Management and a lot more. It comes as a rare combination of flexibility and sturdiness to support a whole range of business operations for any type of financial organization. Ideal for NBFCs, Micro Financial Institutions, Private Lenders, Non-Government Organisations, Credit union, Cooperative Societies, and other lending institutions.
Compass Asset Finance (CAF) is a loan origination system developed to streamline and facilitate the processes of crediting, auditing, funding and income verification for financing applications received from dealers. CAF supports self-configurable credit decisioning, tolerance limits and risk parameters with full auto decisioning & scorecard capabilities.
Please book a meeting so we can learn more about your needs and find the right solution
111
DocCredit
50-249 Employees
Reggio Emilia, Italy
Est. 1988
DocCredit is a solution designed to help users to have an overview of therir commercial credit, avoiding financial risks such as insolvency or late payments, that could decrease their business.
Finflux is SaaS based lending platform that offers all-in-one solutions for needs of loan origination, loan management, financial accounting, marketplace integration, app based lending, alternative data based credit scoring, dashboards & reporting and analytics. At present we are serving about 4+ million borrowers with active loan portfolio of $3.2 billion. FinFlux is a fast-growing lending platform which offers classic and bespoke solutions. We can serve myriad institutions ranging from who serve the bottom of the pyramid (BOP) to nuanced (non)-banking/financial institutions. Microfinance, SACCOs, Banks, FIs, evolving Fintechs, Business Correspondents, Aggregators in origination process, Agent networks and many more. Finflux breaks the transactional input model to outcomes based model to achieve competitive advantage. Digitization, authoring underwriting rules, rules-based automation in workflows, tiered maker-checker and approvals offers differentiated customer experience and digital journey. It’s cloud-first and then mobile-first empowering the field force. The platform comes with many must-have integrations and marketplace nexus to improve the time to market. Purely a SaaS-based model, aimed truly at impeccable architecture fine-tuned for performance benefits (API round trip times < 2 seconds), banking grade security & compliance and scale on demand.
Please book a meeting so we can learn more about your needs and find the right solution
116
HDS Loan Servicing
50-249 Employees
Miami Lakes, United States
Est. 1998
Loan Servicing Portfolio Management allows you to manage a portfolio of loans and allows you to track important loan data including, borrower, co-borrower, property and funding source.
Lending software for banks and fintechs. HES Lending Platform automates and streamlines the entire loan cycle – from origination to closing. Whether you are looking to launch fast or first, our white-label lending solution enables you to orchestrate loan workflow, front to back.
The HES system gives you the flexibility to customize and extend the platform, so it can perfectly fit your business needs. We cover it all: SME lending, consumer and microfinance lending, P2P and marketplace lending, POS and more. Operate like a tech company in months, not years.
Complete loan origination solution
i-Apply streamlines the credit facility loan origination process. It supports all the steps from the initial application for a credit facility till the final rejection or the disbursal of the loan amount in case of approval. i-Apply makes full use of advanced productivity features, such as the Workflow Designer, Decision Engine module, Organizational chart, Product factory, Collateral management, Management dashboards, MIS reporting, and integration services with 3rd party systems.
i-servicing is a loan servicing software that automates loan collections for fixed, step rate, and adjustable rate loans, with CRM, letter writing, cross-collateral, and more.
Jungo provides financial industry experts with marketing, co-marketing, compliance, and CRM solutions from one login. It is a one-stop-shop solution, integrating with thousands of leading platforms to give clients the ability to track, interact with, and market to all of their contacts.
Please book a meeting so we can learn more about your needs and find the right solution
121
Juris Credit
50-249 Employees
Kuala Lumpur, Malaysia
Est. 2003
A Malaysian based IT solutions company specializing in financial management softwares (Origination, credit & behavioral scoring, and collection and recovery).
Juris Origination Management (JOM) is a loan, financing, and insurance origination system that simplifies the approval process and dramatically decreases time-to-market. JOM comes with an integrated AI-based eligibility scoring system that can evaluate a loan applicant’s credit-worthiness with up to 90% accuracy.
Kwik-Loan is made up of a series of powerful online tools designed to simplify the loan origination process without totally re-engineering how your business operates. Its loan origination software gives you a complete and accurate view of the borrower’s portfolio allowing you to quickly make lending decisions and provide exceptional customer service.
ProLoan Software is a loan servicing software taht acan be customized to fit your business needs, allowing you to manage a mixture of portfolios from traditional lending to multi-currency corporate financing.
Lean Deposit is a web based solution with features such as support for fixed rate and floating rate accounts & tight integration with address and banks.
Cloud-based point of sale (POS) and application management platform servicing all types of private lenders including mortgage and other direct-to-consumer lenders.
Please book a meeting so we can learn more about your needs and find the right solution
131
LendFoundry
50-249 Employees
Irvine, United States
Est. 2015
LendFoundry is the next-generation, end-to-end cloud-based lending platform for alternative lenders. LendFoundry has building blocks to support originating and servicing loans.
Lendify creates better conditions for those who borrow and better returns for investors. Lendify connects investors and borrowers in a safe and efficient way. Lendify has some of the country’s foremost entrepreneurs as owners and permits from the Swedish Financial Supervisory Authority.
Loan Administration is solution for processing high volumes of corporate credit, mortgages and unsecured loans..Loan administration is based on the Microsoft platform and is the leading system for consumer credit, mortgages and corporate financing in the Nordic region.
Loan Producer is a residentail loan origination software that includes tools to help you automate the loan origination process that provides an internet martgage loan application or borrowers to complete.
LoanPro is a cloud-based loan servicing and management platform that is flexible, powerful, and reliable. LoanPro features include payment solutions, data management, customer communication, and reporting functionalities. LoanPro’s data management features include verification tools, storage, and live amortization. LoanPro also allows users to create their own website that can accept online loan requests. LoanPro offers the only truly API-based, mid-market and enterprise lending solution in the US/Canadian marketplace. LoanPro is a loan management software hosted on Amazon Web Services (AWS)
Please book a meeting so we can learn more about your needs and find the right solution
141
LoanStream 365
50-249 Employees
Bellevue, United States
Est. 2016
Built on industry-leading business application Microsoft Dynamics 365 Finance and Operations, LoanStream 365 helps organizations efficiently manage internal and external lending processes – from loan application all the way up to complete loan repayment. Leveraging the powerful capabilities of the Microsoft Intelligent Cloud and Dynamics 365, LoanStream 365 breaks down data silos created by traditional solutions.
Why LoanStream 365?
– Take advantage of user-friendly interface, empowering your team to easily capture client’s details – from initial loan application up until loan payoff.
– Manage the process of lending and borrowing funds from within the company and any 3rd party.
– Manage garnishment compliance for your employees and contractors and support on-time payments to reduce risks.
– Easily customizable reports to meet your company’s requirements as well as reports needed for your country’s Central Bank requirements.
LoanStream 365 Features include:
– Manage Interests on Loans
– Collateral Loans
– Loan & Garnishment Installments
– Loans Prepayment
– Loan Insurance
– Bad Debts
and more…
LoanStreet is a tech platform that streamlines the process of sharing, managing, & originating loans for Credit Unions, Banks, Direct Lenders & Loan Investors. LoanStreet’s turnkey, online loan participation platform streamlines the club deal process from origination to maturity. Manage private sales to close partners or open your deal up to our broader network of new buyers.
LoanWorks Enterprise Commissions is a proven, world-class commission processing software system which enables you to validate, process, and distribute commission payments.
Mortgage Builder provides enterprise mortgage software solutions for today’s lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders – from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today’s mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at www.mortgagebuilder.com.
Please book a meeting so we can learn more about your needs and find the right solution
146
Mortgage Servicer
50-249 Employees
Addison, United States
Est. 1983
Mortgage Servicer is a mortgage loan software suite that includes solutions for servicing, automated accounting capabilities, imaging, report writing, and online access that allows you to manage your bottom line.
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