About LoanPro

Loan Pro is a cloud-based loan servicing and management solution designed for companies of all sizes. It offers data management, payment solutions, customer communication and reporting functionalities within a suite.

Loan Pro offers data management features such as live amortization, verification tools and storage. Users can also run queries on data sets to extract and process existing data. The product also allows users to manage different modes of payment such as cash, card and e-check.

Loan Pro allows users to build websites that can accept online loan requests. Users can also include online payment options on their website and pull credit scores from credit bureaus such as Experian, Equifax and TransUnion.

Lean Pro offers open-source SKDs ...


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Supported Operating System(s):

Mac OS, Web browser (OS agnostic)

15 Reviews of LoanPro

Average User Ratings

Overall

4.87 / 5 stars

Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

Ratings Snapshot

5 stars

(13)

13

4 stars

(2)

2

3 stars

(0)

0

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 15 results

February 2018

Tyler from Paradigm Equipment Finance

Verified Reviewer

Industry: Financial Services

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

February 2018

The team has LoanPro has been remarkable to work with.

We had been using excel files and dropbox. This software allows us to bring all of our documentation and portfolio management into one location. It has been easy to set up and with great support from the team at LoanPro. We've been implementing collection letters into the software which will be of great benefit to manage our collection efforts. The reports the software generates of our portfolio has also greatly assisted the accounting department in tracking the performance and revenue. We love this software and the team at LoanPro!

Pros

We've been looking for a software to manage our portfolio for several years and couldn't find anything that would do what we needed and not break the bank. It is reasonably priced and is easy to use. The software is also helping manage our delinquency and collection efforts. Phenomenal product!

Cons

The software is primarily for managing a loan portfolio. Our deals are leases so it has taken some customization, but the team at LoanPro has been able to make the adjustments needed to fit our leases.

May 2018

Kryspin from QCOMPUTE LLC

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

May 2018

Cloud based Loan Solution,scalable in performance and cost,Turnkey to Full API,Fast Implementation

I was able to plug a solution into a hole for a project where no other solution existed that i could tell of.

Pros

Personally, i'm a full stack developer. I was searching for a loan servicing package for an loan onboarding and servicing implementation. Built from ground up on Amazon's cloud, LoanPro is a first-class Platform for Loan Servicing. It offers: full API access with all documentation available to evaluate before you even sign. a wide set of payment processors: ACH, NACHA, credit/debit... a wide range of optional features to help in onboarding, validation, portfolio mgmt. and reporting. If you are NOT a developer, they provide great support and Turnkey options to complete your loan onboarding. If you are uncertain either in needing a turnkey or if you're a developer and need to test they offer a 30 day free trial complete functional. Launches completely in 30 mins giving you an instance to launch with full api access. this trial can convert over before the end so that no work is lost in the evaluation. I was able to create a full api based onboarding and servicing solution in under 100 man hours mixing and matching with other technology providers in cloud based per user/loan cost environment. Costs are defined in per loan metrics with options for minimal upfront or with a higher upfront and lower per costs. LoanPro has a first class Loan servicing front end as well as a customer facing portal. Makes a great choice for a # of use cases in the Loan Provider space. I would highly recommend it in both Developer and Non Developer scenarios.

June 2019

Jorge from SonAriz Financial

Company Size: 2-10 employees

Industry: Financial Services

Time Used: Less than 12 months

Review Source


Ease-of-use

4.0

Functionality

4.0

June 2019

Promising Software

Overall LoanPro can provide a great value for lending institutions. However I have felt that I cannot trust the program to work when most needed. There have been several instances where the program crashed during office hours and have had to turn away customers. Definitely cannot lend with confidence.

Pros

The features cover almost everything a lending institution needs.

Cons

Mail house tool can only send to primary addresses and not mailing addresses. Inconsistent variable formats and outdated documentation on variable use. Up time is not 99.9%. They fail to update service outages on their status page. Collector queue tool is always failing or inoperable. Daily maintenance runs during office hours; which advances the program to the next day. Failed to fulfill promises on new features

August 2020

Chris from Aloha Fintech

Verified Reviewer

Company Size: 1 employee

Industry: Financial Services

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

5.0

August 2020

Great product

Pros

Product has full suite of API endpoints Easy to use application Very flexible with needs of business Easy to standup

Cons

None, from the start the LoanPro product and team have been great each time I have worked with them.

March 2017

Chandan from KlevrLend

Industry: Financial Services

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

March 2017

The Best Servicing Software in the marketplace

LoanPro is by far the best servicing software I have had the pleasure of using. Compared to other servicing systems out there, LoanPro is light years ahead. It is built on modern technology and offers robust capabilities. With their servicing capabilities, business rules and APIs, it is extremely flexible and extensible. Their support is absolutely fantastic. They really take their time to listen to and understand the needs of their customers and help find the right solutions. They answered endless questions while we were making our decision, and supported us every step of the way during implementation (At a small-dollar consumer finance lender). Highly recommend it!

Pros

Ease of use, Flexible, Reliable, Accurate, Consistent, Highly configurable, Rich set of features and APIs - they GET Servicing and do it better than anyone else.

Cons

None