Name: Which Loan Servicing Software is Best? (Apache Fineract, TurnKey, Encompass)
Uploaded: 2022-06-20T15:00:30.000Z
Duration: 3 min 14 s
Description: Loan Servicing Software focuses on automating post-disbursement loan activity including collections, amortization, collateral tracking, and customer service. This video compares Apache Fineract against two other competing tools in the space to share which type of tool is best for each use case.

Help Desk

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Web and Video Conferencing

Customer Support

AI Development

Agile Development

Development

Business Intelligence (BI)

Collaboration

Enterprise Legal Management

IP PBX

Knowledge Management

Online Notary

Enterprise

Accounting

Accounts Receivable

Tax Compliance

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Time Tracking

Workforce Analytics

Workforce Management

Human Resources

Application Infrastructure

Cloud Brokers

Cloud Storage

Data Center Virtualization

Data Integration

Data Warehouse

Database Load Balancing

Ethernet Switches

Firewall Security Management

Fraud Detection

Governance, Risk & Compliance

Integration Platform as a Service (iPaaS)

Load Testing

Machine Identity Management

Managed DNS

Managed Hosting

Migration

Mobile Application Performance Monitoring  (APM)

Network Performance Monitoring

Security Analytics

Server Management

User Activity Monitoring

Value Stream Management

Information Technology

A/B Testing

AI Writing Assistant Software

Ad Serving & Retargeting

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Content Management

Contest Management

Customer Journey Analytics

Data Cleansing

Digital Asset Management

Email Marketing

Marketing Automation

Product Intelligence

Social Media Management

Survey & Forms Building

Tag Management

URL Shorteners

Video Collaboration

Web Analytics

Marketing

Project Management

Video Conferencing

Professional Services

Customer Relationship Management (CRM)

Headless eCommerce

Predictive Sales Analytics

Sales

Application Security

Identity Threat Detection & Response Software

Security

Animation

Construction Workforce Management

Physical Therapy

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Apache Fineract is an open source system available under the Apache 2.0 license, for core banking as a platform, designed to provide a reliable affordable solution to offer financial services to the world’s 2 billion unbanked.

Apache Fineract

Banking Software features customer account management and customer account portals for customer self-service, and also for customer support interaction, whether the customer is a person or company. It includes mobile applications with features for customer self-service and support for a variety of financial services.

Banking

Mifos X Demo Nov 2016

Open Source

Loan Servicing Software focuses on automating post-disbursement loan activity including collections, amortization, collateral tracking, and customer service. This video compares Apache Fineract against two other competing tools in the space to share which type of tool is best for each use case.

Which Loan Servicing Software is Best? (Apache Fineract, TurnKey, Encompass)

More in-depth reviews at: https://bit.ly/LoanServicingReviews

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.

Timestamps
00:00 Introduction
00:23 Apache Fineract
01:11 TurnKey Lender
01:48 Encompass ICE Mortgage Technology
02:30 Conclusion

#loanservicing #apachefineract #turnkeylender #encompass #icemortgage

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What is Apache Fineract?