Best Loan Management System in 2018

Software BY AllCloud Enterprise Solutions Private Limited
AutoCloud Enterprise provides a Complete loan management software for NBFCs and finance businesses to manage personnel, property, vehicle or business loans. This cloud based loan software seamlessly automates loan origination system to improve quality and efficiency for end users.

Turnkey Lender

Software BY Turnkey Lender
Turnkey lender is an all-in-one online loan management system specially designed to meet all the needs of the lending business. It is highly customizable and comes with a pay-for-use module, this makes this software a good value for money. This loan origination system helps to make your business fully automatic thus helping you make a profit in lesser time.

LoanAssistant

Software BY INTEGRATED ACCOUNTING SOLUTIONS
Loan Assistant is one of the most powerful and fully featured loan amortization software in the market. It is the only loan servicing add-on for QuickBooks that allows you to efficiently manage multiple loans and credit lines. It is highly customizable and can be tailor-made according to the particular needs of the users.

Binary Stream - Loans Management

Software BY Binary Stream Software Inc
Binary Streams' Loan Management system is an all-in-one loan management software which helps you find a solution to all the financial needs of your business. It is has got a number of satisfied customers including some of the big companies like Nikon, Panasonic, American Red Cross and many more.

Margill Loan Manager

Software BY Jurismedia inc
Margill Loan Manager software manages regular and irregular loans, mortgages, leases, lines of credit, investments, etc. It has a team of seasoned programmers and experts who can help you throughout your management of loans, from the day you acquire it until the day it is fully paid off.

DownHome Loan Manager

Software BY DownHome Solutions
DownHome Loan Manager is loan management software designed especially for community lenders. This software is powerful, flexible, and easy to use. It has got modules to suit the needs of all sizes of business. The core system covers all the essentials, and add-on modules are available for specialized need.

AXCESS

Loan Management Software BY Axcess Consulting Group Pty Ltd
AXCES is a mobile friendly online loan management system that offers ease of use and access for your customers and staff from anywhere in the world. This loan origination system suit manages a wide range of loan products including residential UCCC compliant, residential non-compliant, commercial, leasing and personal loans.

finPOWER Connect

Software BY finPOWER Australia Pty Ltd
finPOWER Connect is a comprehensive loan management software working from last 30 years with satisfied customers all over the world. It has got a user-friendly, intuitive interface which takes care of all the aspects of your business in the most efficient manner. It is easy to start with and has got a good customer support.

Land Gorilla

Advanced Loan System BY Land Gorilla
Land Gorilla is an innovative, cloud based loan management system for construction and renovation lenders. The construction loan software is a scalable platform and provides necessary solutions for both pre-closing due diligence and post-closing loan administration.

Cyrus - Loan Management Software

Loan Management software
Cyrus is a renowned loan management software provider company. This software is of great use for financial companies. Using this software, you can manage credit and debit transaction and many more financial tasks. It thoroughly takes care of your loan leaving you with time to manage other aspects of your business.

WEBFIN

Web Based Loan Management System BY Delter IT
Webfin is an online loan management software. This software supports all the current Delfin features like pay system integrations, fingerprint scanners, signature pads and so on. This loan management software can be used by any size of lending business, from small or single offices to big groups and even in banks.

Guarde - Loan Management System

Software BY Guarde Software
Guarde’s loan management system is a boon for financiers and finance brokers. It has got customizable modules which help them throughout their business process. It has characteristics such as affordability, customized report generation, good customer support, vendor finance software solution, and much more.

SparkLMS

Simplified Loan Management System for lending need
SparkLMS is a flawless solution for loan management intended for short-term and micro-loan lending industry designed for intended for banks to deal with their Payday, Installment, CAB/CSO, Auto Title and Line of Credit Portfolios from a solitary stage.

LOANLEDGER

Software BY Dynamic Interface Systems Corporation
LOANLEDGER is an online, real-time software that provides you with modules for firms dealing with loan management. This software is highly-customizable to suit all sizes of business. It has attributes like loan servicing management system, collection management, investor tracking service, transaction reports making, and much more.

RECKON Loan Management Software

Software BY Xentric Technologies
RECKON Loan Management Software is a software for all types of loan providing companies to eliminate manual loan management and streamline the procedures. It helps to simplify the loan process for the lenders as well as the loan seekers thus enhancing the productivity of the loan providers.

Page Last Updated On 10/03/2018 12:56


What is loan management software?

Taking a loan is a major decision for customers – it could be for a new house, education or personal reasons. Today, the modern customer wants to feel reassured that when they take a loan, it will be handled with utmost efficiency and care by the organization. Investing in a loan management system is definitely the best way to improve the overall quality, turnaround time and support for end-customers who are taking a loan from your company.

Loan origination software is a set of revolutionary tools that enhance the agility, speed, and transparency of an organization’s holistic lending solutions for customers. It enables financial organizations and banks to completely automate critical loan management processes to achieve a high level of cost-savings and provide a better experience to valued customers.

Today, the market is flooded with a host of loan management software suites that provide a comprehensive range of features that can increase the performance of loan management procedures in organizations. Loan management system software is the best way to make sure that your organization handles loans with a great deal of flexibility, and is the best platform for mortgage companies, commercial lending firms, banking institutions, and private and institutional lenders.

What are the important features of loan management software systems?

It is essential to make sure that your loan origination software has some features that will make it work smoothly and effectively. Here is a list of some features that your loan software should definitely possess:

  • Online Loan Management System: This is a highly helpful feature as your loan software system should have the ability to service a loan application online so that the borrower’s overall experience can be increased. Loan servicing software should make it possible for borrowers to make online payments so that they can remain self-sufficient and have the facility of convenience at their fingertips. So make sure that your organization computerizes loan billing and payment, organizes collections management and financial accounting under a robust, streamlined and secure online loan management system software.
  • Clients Management: One of the biggest challenges for organizations that give out loans is to keep a structured and up-to-date record of their client base. Loan origination system is a perfect solution because the novel client management feature makes sure that you can store, edit and manage essential client-related data. It automatically enables your company to conduct complete client checks and manage due diligence in determining the creditworthiness of a potential client. This is highly helpful as it allows your organization to assess the viability of a borrower so that your clients do not default on payments later. The latest loan management software suites also act as customer relationship tools, as they keep a complete record of customer interaction, record client notes and help your forge lifelong relationships with your clients.
  • Analytics and Recording: It is important for good online loan management system to give out useful reports so that critical business decisions can be taken with the right information at hand. Your loan origination system should be able to utilize current and real-time data to generate reports, tables, pie-charts, and other visual graphics so that the information can be viewed and analyzed by the management. An analytics dashboard is a useful tool as it is capable of displaying all essential loan-related information and can give a holistic overview to the team members at a quick glance!
  • Document Management System: Making sure that your loans are effectively managed is surely a complex task that involves a whole lot of documents and files. Well, the best part about getting loan management software for your organization is that you don’t have to worry about misplaced or lost documentation anymore. The document management feature is an innovative way of managing all the loan-related paperwork and keeping all your client files organized so that you have all the important data within reach any time of the day!

So make sure that that your loan origination software system contains all these amazing features as it will surely transform your bottom line results and help your company achieve great heights!

What are the various benefits of loan management software system?

If you are still not convinced that your company needs a bank loan management system suite, then go through these great advantages that any organization can instantaneously gain through loan software:

  • Security of Confidential Information: Organizations need to be highly careful about client data and have to make sure that sensitive loan-related information is not misplaced or tampered with. Loan origination software has strong security through inbuilt firewalls and encryption, which makes sure that all your confidential loan documents and data remain safe and are not misused for personal gain by any third party.
  • Increase in Efficiency: Loan software plays an important role in boosting up the productivity levels of organizations, as it largely reduces the time and effort taken to process a loan. The turnaround takes place at a much higher rate and there are fewer chances of error, as most of the processes are highly automated. So, loan origination software is definitely the way to go if you want to escalate your organization’s output levels to unprecedented heights!
  • Increased Cash Flows and Profits: If you implement a loan management system, there will be a sudden and tremendous increase in your overall cash flows and profits. This is because of cutting off days or weeks from your loan collection cycle – thereby streamlining business operations with a faster turnaround, fewer staff members, and better administration. So don’t wait to invest in loan management software if you want to intensify your end results at a quick and rapid pace!
  • Agility and Integration: Web based loan origination software has the capability to get integrated with your existing systems and can be customized to your exact organizational requirements. This makes your organization highly agile and responsive – lending a more consistent experience to your customers across multiple channels.

These benefits are the prime reason that organizations all over the globe are moving towards implementing loan management system software and benefiting from a gigantic growth in productivity and overall performance!