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LoanPro

Score5 out of 10

9 Reviews and Ratings

What is 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 in the US/Canadian marketplace. Its configuration first approach allows for custom rules and wizards to make loan tracking easier, automated workflow, and scalability. LoanPro is presented as an ideal loan management software for mid-market and enterprise lenders. With LoanPro, the vendor states lenders enjoy increased transparency, security, control, flexibility, real-time database access, calculation accuracy, and scalability, all on a PCI-DSS & SOC I & II certified platform.

Categories & Use Cases

Media

New loan setup
Loan terms setup
Admin stats
Loan summary page

1 / 4

Refreshingly modern lending software

Pros

  • Automate collections
  • Organize lending pools
  • Adaptable for growth

Cons

  • So far so good

Most Important Features

  • Recurring billing
  • Past due organization

Return on Investment

  • Allowed us to collect more with fewer employees

Value is Unquestionable. Solid Software from a Solid Team!

Pros

  • Smooth Sleek UI and Zero Bugs (so far!)
  • Customizable Segmentations (Loan Statuses/Portfolios)
  • Several Bolt-On Ready-To-Go Integrated Vendors for items like SMS Email Phone etc.

Cons

  • Screen spacing can be improved or optimized better.
  • Contract is somewhat rigid to Loan Volumes.

Most Important Features

  • API Capability
  • Ease of Conversion
  • Price and Cost Efficiency

Return on Investment

  • Better Customer Experience
  • More Control over Security Levels (Employees & Vendors)
  • Increased Scalability to Grow

Other Software Used

Plaid, QuickBooks Online, TransUnion Customer Engagement Solutions