The Nortridge Loan System

RATING:

4.3

(80)

About The Nortridge Loan System

Nortridge is a cloud-based and on-premise loan servicing system designed for enterprise lenders. It caters to lenders in consumer finance, branch-based lenders, auto finance and government organizations. Key features include enterprise-grade security, granular configuration options, loan automation and workflow management. The solution supports pool loans, term loans and non-revolving term loans. Lenders can also customize interest rates, payment types, payment intervals and other loan payment criteria. The workflow management feature helps users manage tasks including audit control, foreclosures, originations and bankruptcy. Nortridge’s loan origination feature helps lenders manage the online loan application process. It also allows users to generate loan doc...

The Nortridge Loan System Pricing

Our plans start at $1,000 per user. This includes credit bureau reporting, ACH processing, address verification, and many other features at no extra charge.

Starting price: 

$1,000.00 per month

Free trial: 

Available

Free version: 

Not Available

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The Nortridge Loan System Reviews

Overall Rating

4.3

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for The Nortridge Loan System

1 - 5 of 80 Reviews

Paul

Financial Services, 2-10 employees

Used daily for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

4

FUNCTIONALITY

4

Reviewed May 2020

Very Good Loan Servicing Software

Good experience overall. Anyone looking to lighten their load and automate things where loan processing is concerned should try implementing this software.

PROS

As a Financial Service company, we also process loans for clients. This is a very good loan servicing software that helps you to keep track of loans in the pipeline, email or text customers with updates or questions, generate documents, etc. It's an all-in-one system that replaces having to manually do each aspect of loan processing.

CONS

This is a robust system. Long ago doing mortgages, used to use a software called Point, and this is far more updated and sophisticated.

gary

Consumer Services, 201-500 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2020

Great Software

A lot of time and cost saving factors such as send statements through the document queue to the print shop.

PROS

This platform is very flexible, we have over 50 different loan programs all of which we have been able to implement quickly and easily from origination to servicing.

CONS

There are a few features on the servicing side which we would have preferred to have had sooner rather than later but NLS has been cooperative in getting these released in recent updates.

Reason for choosing The Nortridge Loan System

We reviewed many platforms and found NLS to be the best value.

Reasons for switching to The Nortridge Loan System

Was not as user friendly as NLS.

Tonja

Financial Services, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed March 2020

Nortridge Loan System Review from Consumer Finance Organization

PROS

The system is highly customizable and easy to use. The NLS development and support teams are very responsive and willing to work with your business needs.

CONS

The system is highly customizable. Many basic features that I feel should be part of a financial servicing system must be customized in NLS or performed outside of the system. NLS has recently incorporated in later releases but we have not been able to halt our customized processes and implement the new functionality. Reporting is not great. Most of our reports have been written to run outside of NLS with custom scripting.

Reason for choosing The Nortridge Loan System

Ability to customize to our business needs and have daily accrual and amortization processing.

Reasons for switching to The Nortridge Loan System

Product was being fazed out and did not offer as much flexibility or customization.

Marianne

Consumer Services, 501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed March 2020

Nortridge Loan System

Overall the partner relationship is a good one with Nortridge being very attentive to our needs.

PROS

It is very customizable and you can pretty much do anything you need to do. Some more complicated than others depending on the requirements on your business.

CONS

The upgrades are sometimes very cumbersome, requiring a lot of testing. Sometimes because of the size of our data, we have problems with things like schema changes.

Cor.

Financial Services, 11-50 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2020

Nortridge for Loan Servicing

PROS

We have been long time users of the software, as buyers of existing loans we have a diverse portfolio of accounts. These accounts have many different setups. The NLS system has never been unable to handle the setup on a loan. It is also great that we can customize the software to fit our specific needs.

CONS

I can not think of any cons at this time.

Reasons for switching to The Nortridge Loan System

Better features and functionality.