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
301
Precurra Amortization
10-49 Employees
Dearborn Heights, United States
Precurra Amortization is an Amortization software & cloud computing tools for the financial professional that shares access to your amortization schedules with partners, team & your clients , so everyone is up to speed.
Supercharges your loan origination system and provides lead management tools, automated email marketing, loan status alerts and intelligent task management so you dont have to.
Our mission is to help you avoid getting stuck with less-than-optimal lenders. It’s never been easier to find reputable, stable lending, especially when you need a business term loan.
Quickcheck Canada’s software is built to help business owners streamline operations in the Canadian payday loan, credit, collection, and debt relief industries.Quickcheck Canada’s platform provides complete CRM functionality from loan processing automation to customer notification automation and more.
Please book a meeting so we can learn more about your needs and find the right solution
306
Reckon
10-49 Employees
North Sydney, United States
Est. 1987
Loan Management Software allows you to focus on your business while it provides services for your customers, loans, and transactions, with automated loan processing, managed productivity, centralized data management, and more.
RV Sales Accelerator is a loan origination borrower-centric, web-based software that allows to submit loans into RVX for all loan-centric needs to servicing.
SBA Loan Manager’s loan servicing system supports the entire SBA lending process including boarding, disbursement controls, secondary market sales as well as every conceivable type of loan accounting and multiple participant accounting.
SBA Loan Manager is customizable to fit your needs with ACH interface, general ledger interface including multiple participant accounting, escrow module, interest and commision strip module, regulatory loan sale accounting, and more.
Please book a meeting so we can learn more about your needs and find the right solution
311
SharperLending Platform
10-49 Employees
Spokane, United States
Est. 1989
SharperLending Platform is a mortgage technology provide to facilitate lender relations with local vendors for Credit, Appraisal, Flood, AVM, Fraud, Tax, SSA, Bankruptcy, VOE, VOD and more. It processes requests through vendors or use internal staff.
SMART System is a complete mortgage banking solution from origination, processing, underwriting, post closing, interim servicing, pricing, fax/image soultion and more.
LSMS provides an integrated platform for the automation of mortgage loan production from beginning to end with origination, underwriting, post closing, interim servicing, pricing, fax/imaging solution and more.
With SoftWorks AI’s Trapeze for mortgage automation, packets can be assembled, classified and prioritized in a streamlined manner with exceptional accuracy rates. It also auto-validates critical data from the loan packets so that users can approve or deny loan applications with as little time and effort possible, improving turnaround time and helping financial institutions acquire more profitable loans in an efficient manner.
SparkLMS is an unified loan management suite, encompassing Lead Management, CRM, Loan Product Management, Underwriting, Loan Origination, Collections and Reporting.
The Square 1 Credit Suite allows community financial institutions to harness the power of accuracy and efficiency that is created by transitioning away from disparate systems.
TechLOS is a web underwriting system designed to process consumer loan, line of credit and mortgage applications and basic commerical and agricultural loan applications.
The Loan Office streamlines and automates your current loan servicing tasks, allowing you to handle your loads with modules incluiding tracked loan charges and advances, process payments, schedule loan reminders, and more.
The Mortgage Office Loan Servicing is a module that streamlines and automates your current loan servicing tasks allowing you to assign funding sources per loan, track loan charges and advances, process payments, and more.
Please book a meeting so we can learn more about your needs and find the right solution
326
Third Eye
10-49 Employees
Mississauga, Canada
Est. 2001
Third Eye offers a suite of finance software systesms to allow you to operated your financing and is designed to help manage older more manual systems.
Use TValue amortization software to structure loans, loan modifications, leases,troubled debt restructurings (TDRs), and to solve any time value of money calculations in seconds.
Unify is a comprehensive contact management system for the mortgage industry that provides integrated features and functions that are essential to increasing profitability and streamlining the sales process. As a CRM for the mortgage industry Unify improves the overall quality, efficiency and experience of the customer engagement process. It provides the visibility, ease of use, consistency, and controls that help improve all aspects of the customer journey, from initial acquisition, to any and all engagement, to ultimate retention. The integration with the Loan Origination System (LOS) provides vital information to loan officers throughout the application process and the synchronization of data allows them to easily continue their communication with the customer throughout their mortgage life cycle.
Please book a meeting so we can learn more about your needs and find the right solution
331
Unity Loan System
10-49 Employees
Birmingham, United States
Est. 1990
Unity Loan System is a realtime, internet based system that allows you to manage the productivity of your staff, management reporting, and accuracy in your operaiton.
Vaultedge AI is an artificial intelligence & machine learning software that helps you extract relevant information from unstructured documents. Vaultedge software is being used by top BPO and Banking/Lending companies to automate the sorting/splitting, indexing, data extraction and validation of complex documents like Legal agreements, Mortgage application packages, Credit reports, Financial statements, Invoices etc. Compared to traditional OCR software that works only for structured document/forms, Vaultedge AI works for both structured and unstructured documents. , Vaultedge AI helps you save up to 90% of manual time spent in information extraction and at the same time improve accuracy.
VCO Lend provides control of your mortgage business with accuracy by centralizing workflows and communications on one platform that is accessible anytime.
Please book a meeting so we can learn more about your needs and find the right solution
336
XetusOne
10-49 Employees
Santa Clara, United States
Est. 2002
XetusOne allows you to manage efficiency and accuracy across the lifecycle of the application from loan origination through closing and secondary marketing.
ZMath is a financial calculatro software that solves standard laon and savings calculations and preforms APR calculations, mortgage, auto and construction laon calculations, solves for balloon payments, and more.
AllClients, a superior contact manager, will help the lender stay organized by reminding him or her to follow up with the client who wants to refinance several weeks or months in the future. They can set a reminder and then forget it. When that time rolls around, a to-do reminder will pop up and tell them to go get the deal. All the transaction details are stored on a single screen for easy entry and easy access.
Loan Origination is configurable to use point and click entry screens, loan application, automated credit pull, load decisioning, loan disclosures, and loan doc prep.
Please book a meeting so we can learn more about your needs and find the right solution
341
Blue File
1-9 Employees
Belo Horizonte, Brasil
Est. 2017
Large loans, leases, mortgages and some claims require the customer sending 15-30 documents to the financial institution. The same thing always happens, some documents are wrong, missing, incomplete, outdated, caught in spam filters or just too big. This creates a back and forth of communications to get everything right, very slow, unscalable and a horrible customer experience as well as a follow up nightmare for the loan/claims officer.
Blue File automates the document gathering process for large loans, leases, mortgages or claims that require the customer sending 15-30 documents to the financial or insurance institution by reducing the friction caused by missing, incorrect or outdated documents sent by the customer speeding up the KYC process 3X, reducing abandonment 2X and increasing the overall user experience during this process.
Bryt Loan Management Software is a loan servicing software that is ideal for lending professionals who are looking for a feature rich loan management system.
Graveco Loan Servicing provides functions and features such as collection management, accounting, reporting, and security to help you manage your loans and business.
DownHome Loan Manager is a loan managemetn software designed to streamline loan tracking for multiple loan funds with adjustable modules and customizations available, and navigation for billing and reports.
eLend Microis a customisable and scalable software platform designed to give users total control to manage their business from loan origination through to loan closure.
BizRuleAnalyzer is a loan origination software that allows users to quickly search all business rules, form code and all customizations inside Encompass. It helps to find all rules, field triggers, advanced code and form code that display a specific message, or access/set a specific field.
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