Loan software, also known as loan management or lending software, automates and manages the loan lifecycle from origination to servicing, from processing to collections. The scope of loan software includes loan refinancing, restructuring, and disbursement; credit scoring; and account processing. Because loan software automates the loan portfolio cycle, typically electronically, the software gets rid of a paper workflow, as well as minimizes error and effort when tracking and reconciling loans across enterprises and stockholders.
Loan software offers a holistic view of borrower transactions on a single platform, regardless of the type of loan, size of business, or industry regulations. The unified platform stores loan data, integrates with existing automation tools and other resources, and scales when necessary. The software manages documents, contract creation, and execution of loans, as well as provides performance analysis to maximize the user’s financial and operational performances. Loan software is designed to control risk, better customer interaction, configure loan products, lower operating costs, provide analytics, and create dashboards and reports. Loan software can either be deployed in the cloud or hosted as a software as a service. It integrates with CRM and BPM software to create efficiency.
To qualify for inclusion in the Loan category, a product must:
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PCLender delivers the only “Total Mortgage Solution” designed specifically to simplify today’s lending complexities for small and mid-sized lenders. PCLender provides simple, elegant web-based mortgage solutions for community banks, credit unions and mortgage bankers. With a proven record of providing immediate return on your investment, PCLender is the most cost effective lending solution available. Owned and operated by Mortgage Bankers since 1997, we engage with lenders in a collaborative manner to dynamically fit the ever- changing world in which they lend. For more information on PCLender, the only Total Mortgage Solution designed specifically to simplify today’s lending complexities for small and mid-sized lenders, or to schedule a demo, call 877-536-6886 or visit www.pclender.com
RiskOrigins software is a next-generation, credit decisioning and monitoring platform that delivers improved risk management over the credit life cycle. The software offers a robust framework for regulatory compliance while helping banks retain their competitive edge through improved efficiencies and time-to-cash for customers.
Turnkey Lender is online lending software for loan origination, loan servicing and debt collection. Value proposition: - Comprehensive functionality in one convenient platform. Puts loan origination, credit decisions and loan-processing on auto-pilot; - Adjustable set of proprietary credit scoring models and rules. Improves credit decisions & enables risk-based pricing. Minimizes portfolio risk profile & write-offs. - Fully automated system saves time & money. Closes more of the right loans, faster with fewer FTE. Optimizes approval rates, loan processing capacity, and loan management efficiencies. As a business division of Scorto Corporation, we offer the most technologically advanced loan origination and account servicing software platform available today. Plus it includes all the benefits of an adjustable set of proprietary credit risk scorecards and rules. This is the type of enterprise-grade software that’s used by the big boys. Our software engineers took their large retail loan expertise, adapted the principles to meet the unique needs of leaner lenders, and seamlessly embedding industry best practices for underwriting and loan management into the functionality. So now you can access the most innovative lending technology and risk mitigation techniques without the million dollar investment that normally limits this level of software to the biggest players with the deepest pockets.
Designed for loan originators and mortgage professionals, Floify is the mortgage industry's leading point-of-sale solution that streamlines the loan process by providing a secure communication and document portal between the lender, borrower, and other mortgage stakeholders. Loan originators use Floify to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. Request a free demo today - plans start at only $29/month!
On-demand working capital for growing businesses. FundThrough offers businesses instant access to funds from unpaid invoices on an easy-to-use, online funding platform. Funding facility ranges from $500 to over $2 million, depending on the strength of the business' sales. Wherever a business is in its growth cycle, FundThrough can help bridge critical cash flow gaps.
Technicost's Loan and Mortgage Systems is a professional software with a simple user experience. It automates all activities related to the loan servicing lifecycle, including personal and commercial loans, mortgages, construction loans, asset-based financing and lines of credit.