Loan Servicing Software

Loan Servicing Software Overview

Loan Servicing Software focuses on automating post-disbursement loan activity including collections, amortization, collateral tracking, and customer service. These tools are available as standalone modules, but are often included as part of loan management suites and loan origination software that process credit decisions and disburse loans, offering a complete loan life cycle solution.

This software supports commercial loans, consumer, mortgage, and home equity loans and is primarily used by direct lenders such as banks and credit unions. Lenders often choose to service their own loans, increasing profits and improving regulatory compliance. The software enhances workflow efficiency, facilitating loan tracking, portfolio management, and reconciliation. AI is increasingly used to gain customer insights and to identify potential problematic accounts and upsell opportunities.

Loan Servicing Products

(1-25 of 113) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

Encompass from ICE Mortgage Technology (formerly Ellie Mae)

Encompass from ICE Mortgage Technolgoy (formerly Ellie Mae) is an all-in-one mortgage management solution for lenders.

S&P Capital IQ

Capital IQ is a market intelligence software solution offered by S&P Global Market Intelligence, which is the result of McGraw Hill Financial's acquisition of SNL Financial.

FinnOne Neo Cloud

FinnOne Neo Cloud is an automated, workflow-based and technologically advanced lending solution designed to offer best in class loan lifecycle management capabilities combined with the power of the cloud. It enables customers to digitize and automate their processes, launch tailored…

LoanPro

LoanPro is software with features including payment solutions, data management, customer communication, and reporting. LoanPro also provides data management features such as verification tools, storage, and live amortization. LoanPro is an API-based, fully-scalable, lending solution…

TValue

TValue is a loan structuring and origination software and calculation tool from TimeValue Software headquartered in Irvine. It is available as a cloud-based software or installed.

ACES (Automated Compliance and Evaluation System) Web Audit Technology

ACES Risk Management's (ARMCO) flagship product is ACES (Automated Compliance and Evaluation System) Web Audit Technology™ which enables full understanding of mortgage loan quality, how to control it and how to convey it. According to the vendor, their web-based solution includes…

Calyx Point

Calyx Software offers Point for mortgage officers, software supporting the loan lifecycle from prequalification to processing.

Fiserv Loancierge

Loancierge for Credit Unions from Fiserv is a loan origination solution offering intuitive navigation, workflows and paperless processing tools to strengthen lending operations, mitigate risk and increase loan efficiency to compete for loan opportunities.

ABLE Monitoring

ABLE Monitoring solution provides business users with a variety of loan monitoring capabilities over retail, corporate, and SME portfolios to enable lenders to manage customer and account relationships more profitably. ABLE Monitoring CapabilitiesBoost revenueBoost average customer…

Rapport Originations, from Solifi (formerly IDS)

Rapport is an equipment finance origination platform providing deal flow automation for lenders in this space, from Solifi (formerly IDS), headquartered in Minneapolis.

Kabbage Platform (Radius Intelligence)

The Kabbage Platform is a lending technology providing automated underwriting, as well as ongoing data monitoring to control risk and improve performance, and instant decisioning. The Kabbage Platform is powered by the former Radius Intelligence (or Radius) SMB intelligence and…

FinnOne Neo

FinnOne Neo is a lending solution built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors. The multi-channel solution aims to help digitize the complete loan lifecycle end to end, from initial contact with customers…

Mortgage Builder Software

Mortgage Builder, a subsidiary of Constellation Mortgage Solutions, is presented as a robust and comprehensive loan servicing platform that automates key functions of loan servicing. Benefits include standard and custom reporting capabilities and web access to loan-level information…

Finastra Total Lending

Total Lending, with LaserPro loan document compliance , represents what is meant by the vendor to be a total end-to-end loan servicing and management solution for financial institutions offering business or consumer loans. Total Lending is offered and supported by Finastra, the company…

Fiserv Mortgage Director (PCLender)

Fiserve Mortgage Director replaces easyLENDER, which was sunsetted in 2017 when Fiserv acquired PCLender. Fiserv Mortage Director, the next evolution of those products, is a loan origination system at the core of the Fiserv lending ecosystem designed to streamline lending operations…

Loan Producer

Financial Industry Computer Systems (or simply FICS) offers Loan Producer, which is software to help lenders create regulatory compliant mortgage loans with a compliant business rules engine and document review interface, among other features.

FIS Lending

FIS offers a suite of lending application for commercial loan originators, focusing on compliance and flexibility, with solutions for automobile lending, mortgage lending, lending to retail entities.

TranDotCom

TranDotCom is a transaction management solution for lenders offering short term loans, from the company of the same name in Georgia.

CoreLogic Credco

CoreLogic offers Credco, an information system featuring merged credit reporting, verification and risk analytics for loan originators and mortgage officers.

Contract Collector

Contract Collector is the flagship loan servicing and collections application from Graveco Software in Vancouver, Washington.

Precision LM Originator

Precision LM Originator from SS&C Technologies headquartered in Connecticut is a commercial loan origination platform featuring pre-lending accounting and loan application servicing.

Zafin Origination

Zafin headquartered in Toronto offers a loan origination application, Zafin Origination, to retail banks, providing automation support for customer onboarding and contract management for financial products.

ATLOS

ATLOS in Baton Rouge offers what they describe as a paperless web-based loan management application for lenders, dedicated to banks and mortgage officers.

Liberty Financial Software Suite

CGI headquartered in Montreal offers the Liberty Financial Software Suite, an account and loan origination application suite for lenders and financial institutions.

NETSOL Financial Suite

NETSOL Technologies headquartered in Calabasas offers the NETSOL FInancial Suite, a loan and asset leasing management platform. The platform includes the Collections module, the Point of Sale module, the mAccount contract management module, and Field Investigator applicant management…

Learn More About Loan Servicing Software

What is Loan Servicing Software?

Loan Servicing Software focuses on automating post-disbursement loan activity including collections, amortization, collateral tracking, and customer service. These tools are available as standalone modules, but are often included as part of loan management suites and loan origination software that process credit decisions and disburse loans, offering a complete loan life cycle solution.

This software supports commercial loans, consumer, mortgage, and home equity loans and is primarily used by direct lenders such as banks and credit unions. Lenders often choose to service their own loans, increasing profits and improving regulatory compliance. The software enhances workflow efficiency, facilitating loan tracking, portfolio management, and reconciliation. AI is increasingly used to gain customer insights and to identify potential problematic accounts and upsell opportunities.

Loan Servicing Software Features

  • Borrower management and communications, statements, and payment reminders
  • Customer portals / mobile apps for payments, loan information, and updates
  • Collections management, payment tracking, and processing
  • Collateral tracking
  • Amortization
  • Accounting
  • Works with multiple loan types and lenders
  • Document management, loan, and customer information consolidation
  • Manage multiple borrower accounts
  • Accepts multiple payment methods
  • Support multiple currencies
  • Administer penalties and fees
  • Automated workflows
  • Analytics, dashboards, and reporting
  • Loan management, loan origination integrations
  • CRM integration
  • Mobile apps

Loan Servicing Software Comparison

Consider the following when purchasing Loan Servicing Software.

Use Case: Are your needs satisfied with Loan Servicing Software or would a complete loan management suite including loan origination software best serve your interests?

CRM Integration: Evaluate how your Loan Servicing Software options will integrate with your CRM system.

Pricing Information

Loan Servicing Software pricing depends on the features provided and the scale of your operation. Most vendors require obtaining a custom price quote based on your specific requirements. Monthly pricing can range over $1,000.

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Frequently Asked Questions

What does Loan Servicing Software do?

Loan Servicing Software supports loan servicing activities that occur after a loan has been approved and disbursed. It includes collections management, collateral tracking, amortization, and customer service. The software works with multiple loan types, lenders, payment methods, and currencies. Its reporting features facilitate regulatory compliance.

What are the benefits of using Loan Servicing Software?

Loan Servicing Software automates the workflow, minimizing errors and improving operational efficiency and productivity. It reduces operating expenses, increases revenue collection, improves customer satisfaction, and promotes better decision-making.

How much does Loan Servicing Software cost?


The size of your operation and the features provided drive the cost of loan servicing software. Custom price quotes are usually required. Monthly pricing can exceed $1,000.