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
401
ezLoan for Windows
Collinsville, United States
Est. 1997
ezLoan for Windows is designed to provide support for multiple types of loans including mortgage, installment, and commercial loans with features such as data entry, processing queue, loan processing, active accounts and more.
FinnOne Neo Cloud is a highly automated, workflow based and technologically advanced lending solution designed to offer best in class loan lifecycle management capabilities combined with the power of cloud. It enables customers to digitize and automate their processes, launch tailored products in a matter of minutes and offer comprehensive services across multiple channels. FinnOne Cloud helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to comprehensive loan servicing and sophisticated delinquency management. It helps companies make better credit decisions, reduce credit risk and lower the levels of non performing loans. Powered by Nucleus 10 time winner world’s best selling lending solution, FinnOne Neo Cloud, is designed to cater to the unique requirements of banks and non banking financial services companies, and covers a wide range of loans, including personal loans, housing finance, auto loans, education loans, consumer durable finance and gold loans.
Business Benefits:
->Complete digitization of the loan lifecycle
->Automated and paperless processes
->Faster time to market through ready to plug-in and use solution
->Add capacity and users quickly and easily
->Adapt to changing business needs very quickly
->Zero upfront infrastructure cost with pay-per-use opex cost
->24×7 business availability
Please book a meeting so we can learn more about your needs and find the right solution
406
LAPS
Subiaco, Australia
The Loan Application Processing System is a modular platform allowing you to process and manage your application and loan book in the most cost effective way possible. It truly provides a full application to repayment workflow giving you an inclusive end to end solution under one roof.
LinxCRM is a Client Relationship Management (CRM) system designed specifically for financial service professionals. It handles mortgage finance, equipment finance, insurance, financial planning and property.
LoanCommander.com is an integrated, web-based set of tools for the mortgage, loan processing and mortgage leads industry. The tools were designed and built by mortgage professionals.
LOANS! for .Nets loan servicing software offers loan servicing, loan accounting, and investor tracking software for commercial, multi-family, and other complex loans and includes a broad range of sophisticated processing support.
LoanStacker is a software application that automatically identifies, names, sorts, and stores loan documents that can function as a stand alone solution or can be integrated with most oan processing systems.
Morservw is a mortgage servicing system that proivides entry and update screens, cash receipts and escrow disbursements, reports and documents, and more.
Mortgage Dashboard is an all-in-one mortgage information portal, designed to deliver relevant data for analyzing the Canadian mortgage market, as well as trends in lending rates.
Please book a meeting so we can learn more about your needs and find the right solution
416
NuDebt
Fort Lauderdale, United States
Est. 2011
NuDebt, developed by Selas Technologies, LLC, is an end to end solution offered on the Force.com platform. The sales and operational system works individually or together to provide a complete solution that will make your business run more smoothly and be more profitable.
Omniac is a CRM+ for mortgage professionals. It has automated call/text/email campaigns for following up with clients. It also has drag/drop website and funnel building for generating leads. You can integrate your calendar to do online call booking with prospects. It also has a website chat widget that helps to turn website visitors into leads.
PULPS provides banks with a competitive advantage through better pricing of their commercial loans. It allows you to increase your profitability of your commercial loan portfolio by optimizing your loan rates and terms.
Rapport provides a foundation for an asset finance origination solution, delivering automation of your processes and access to key trend data for decision making.
Please book a meeting so we can learn more about your needs and find the right solution
421
The Loan Navigator
The Loan Navigator helps promote timely workflow responsibilities performance to help you avoid the most common deficiencies found in examiner reviews.
Trakker is a loan servicing software solution that has fuctions and features to help you manage your loans, such as managing reports, print couponbooks and reciepts, develop and print custom letters or use pre-designed letters, track insurance, tax due dates , and more.
This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalised services to you, both on this website and through other media. To find out more about the cookies we use, see our Cookie Policy.
