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
251
LendingPad
10-49 Employees
McLean, United States
Est. 2015
endingPad Corp provides a complete suite of loan origination solutions for mortgage brokers, lenders, banks, and institutions. LendingPad is designed to streamline lending operations, strengthen communication, and reduce costs in mortgage lending. The cloud-based solutions include end-to-end features such as the borrower portals, MLO app, document management, origination, processing, and fulfillment functionalities. LendingPad is a winner of the 2019 HousingWire’s Tech100 award and one of the Top 10 Mortgage Solution Providers by Banking CIO magazine. LendingPad is endorsed by the National Association of Mortgage Brokers (NAMB), a Platinum sponsor for the Association of Independent Mortgage Experts (AIME), a proud member of the Mortgage Bankers Association (MBA) and the MISMO organization. For more information, visit lendingpad.com. Be new 2021 URLA-ready in minutes!
LendingWise is a web based, all-in-one CRM, LOS, Servicing & Marketplace platform used by lenders and originators of all sizes. At the core of our system is a point-of-sale system that is turnkey & configurable to almost any loan product. We make it easy to intake a custom loan application, automate the collection of required docs & work flow steps.
Technicost’s Loan and Mortgage Systems is a professional software with a simple user experience. It automates all activities related to the loan servicing lifecycle, including personal and commercial loans, mortgages, construction loans, asset-based financing and lines of credit.
Loan Manager Plus offers a loan servicing, management and tracking software solution with features such as data base backend, built in security, pooling and groups, payment management, information management, and more.
Please book a meeting so we can learn more about your needs and find the right solution
256
LoanAmortizer
10-49 Employees
Plovdiv, Bulgaria
Est. 1995
LoanAmortizer is a web-based loan amortization and loan management software solution that allows you to manage your existing loans and mortgages and create comparison scenarios to fit your needs.
LoanPost is a web based software platform for loan modification, foreclosure defense, short sales, and more that has features that has lead/prospect management, online submission portal, automated document generation, email automation, and more.
Please book a meeting so we can learn more about your needs and find the right solution
261
LoanPricer Mortgage Pricing Engine
10-49 Employees
Boise, United States
Est. 2008
LoanPricer the Mortgage Pricing Engine puts you in charge by giving you a powerful central hub to manage loan offers for all of your current and prospective borrowers. It provides you with your best pricing, immediately and automatically, without wasting time searching multiple investors, websites to find the best pricing for your leads and customers.
LOANS! For .Net offers loan servicing, loan accounting, and investor reporting software for commercial, multi-family, consumer, and other complex loans.
LoanXpert provides a flexible framework to securely monitor document, policy, compliance and exception management across lines of business using a proprietary workflow engine developed by Sydel Corporation.
Please book a meeting so we can learn more about your needs and find the right solution
266
LOS
10-49 Employees
Montréal, Canada
Est. 1982
LOS is a full-service software with fully integrated third party. which will cut the time to complete the loan in half (or even a half of a half) designed specifically for Canadian Credit Unions.
Margill Loan Manager is a loan servicing and credit management system that allows you to manage costly calculation errors, risk and bad debts, staff time and productivity, access to critical, consolidated information, accounting reporting time, and more.
MGIC Elements is a bit like your ideal personal (lab) assistant. You get to call all the shots, like choosing professionally designed letters and emails, and Elements will customize and automate the process, freeing you from licking envelopes and keeping your business at the top of your customer’s mind.
Mirador offers a platform designed to power customer acquisition, digital loan application and digitization, intelligent product routing and pre-screening, data management, and borrower communication.
Mobis is a cloud-based microfinance management platform designed uniquely to help savings and loans cooperatives go paperless and become more efficient by digitizing how they manage customer data and transactions.
Moneylender Profesional is loan servicing software that can calculate and track interest on a huge variety of loans, generate statements from customizable templates, manage other fees like property taxes and late fees, amortize loans seamlessly as the interest rates and payment amounts change and much more.
Mortgage iQ CRM is a leading provider of Enterprise CRM Software for the Residential Lending Industry. Capabilities include: Database Management, Lead Assignment and Routing, Prequalification, Presentation, Disposition, Call Management, Follow-up and Communications, Sales Workflow, Drip and Nurture, LOS Sync/Integration, Mobile Apps and more for all of your Mortgage Divisions.
The Mortgage Office Pool Servicing is a module that allows you to automate the management of pools, partnerships, REITS, mortgage funds, LLCs, MICs, and non-preforming loan pools.
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision.
Please book a meeting so we can learn more about your needs and find the right solution
281
Moso Mortgage Software Favorite Unclaimed
10-49 Employees
San Jose, United States
Moso Mortgage Software is a digital mortgage platform that provides Brokers and LOs with customized websites, online application generation, rate alerts, borrower portal, CRM and Cloud-based Document Management.
MyCRMDashboard from Continuity Programs is a cloud-based customer relationship management (CRM) solution designed for the residential mortgage industry. It includes automated marketing on behalf of loan officers to their prospects, referral partners and borrowers. All leads generated are exclusive to the LO.
The CRM keeps track of clients’ mortgage needs and sends notifications to LOs whenever their client needs a new mortgage or has a referral. Client satisfaction surveys with Net Promoter Score are built in, along with executive reporting. The surveys also generate testimonials that clients can share on social media.
The online reputation management feature help lenders build social proof. The built-in vendor-managed automation helps lenders increase customer retention, generate new business opportunities, and drive down the cost to originate loans. It also allows banks to drive more CRA business with native geo-targeting and demographic targeting features.
The ClientTracker feature generates leads for pre-approvals and new mortgages. The CRM is also connected to a custom online storefront for the lender, where approved postcards, flyers and emails are set up for LOs to send. It offers a monthly subscription-based pricing and provides support via phone, email and live chat.
Please book a meeting so we can learn more about your needs and find the right solution
286
Nivo
10-49 Employees
Manchester, United Kingdom
Est. 2017
Nivo makes it easy and lets you help more people.
It’s free to get going and there’s no technical work required.
Our clients are realising:
• 25 – 100% uplift in new loans
• 75% reduction in loan set up time
• 80% uplift in successful contacts
• 50% reduction in application drop outs
Megasys is the leading provider of complete loan servicing systems for the consumer finance industry. Our response to our customers’ system enhancement requests has kept us current with the needs of the consumer finance industry. Omega is a user-friendly, browser-based internet solution that streamlines the process of servicing your accounts.
Megasys is the leading provider of complete loan servicing systems for the consumer finance industry. Our response to our customers’ system enhancement requests has kept us current with the needs of the consumer finance industry. Omega is a user-friendly, browser-based internet solution that streamlines the process of servicing your accounts.
We are a saas mortgage platform that allows banks and brokers to deliver rapid origination mixed with the important elements of the process – compliance, AML/KYC, AI driven decisioning, credit scoring and packaging of a loan (and where available automated underwriting).
Please book a meeting so we can learn more about your needs and find the right solution
291
PCLender
10-49 Employees
Reno, United States
Est. 1997
PCLender delivers the only “Total Mortgage Solution” designed specifically to simplify today’s lending complexities for small and mid-sized lenders. PCLender provides simple, elegant web-based mortgage solutions for community banks, credit unions and mortgage bankers. With a proven record of providing immediate return on your investment, PCLender is the most cost effective lending solution available. Owned and operated by Mortgage Bankers since 1997, we engage with lenders in a collaborative manner to dynamically fit the ever- changing world in which they lend.
Plug & Score Scoring Engine allows you to process loan applications in real-time using scoring models and rules thata allows accurate credit decisions, customer management, manage debt collection actions, and more.
PowerCheck32 is simple to use, secure, and with its fully integrated automation, you can simultaneously and seamlessly perform any number of functions in one single transaction, including check cashing, loan processing, money order sales and debit card loads.
PowerSeller, our full-featured Secondary Marketing & Risk Management System, features everything from hedge decision support to loan pooling to risk management research. It improves your capacity utilization and volume metrics to achieve better execution when selling best efforts and mandatories. From shock analysis to post-closing activities, PowerSeller provides you with all the tools you will need to create efficient information management processes and raise your secondary market performance.
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