LoanAssistant Software

About LoanAssistant

LoanAssistant is a loan servicing solution for QuickBooks that assists lending businesses across various segments including residential mortgages, education loans and installment sales with preparation and management of loans. It allows money lenders to manage credit lines and track and monitor transactions in real-time. The application enables finance teams to conduct audit logs and calculate interest based on Actual/365, Actual/360 and 30/365 methods. Features of LoanAssistant include accounting, automated alerts, borrower management, collateral tracking and more. Additionally, it comes with a reporting module, which lets supervisors generate reports related to billing statements, escrow collection, portfolio summary and due payments. LoanAssistant helps managers r...

LoanAssistant Pricing

Professional - $999 per year (flat rate, no additional charges); Premium - $1299 per year (flat rate, no additional charges); Premium Accrual - $1500 per year (flat rate, no additional charges); Premium NO QuickBooks Integration - $999 per year (flat rate, no additional charges).

Starting price: 

$999.00 per year

Free trial: 

Available

Free version: 

Not Available

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LoanAssistant home screen

LoanAssistant User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Showing 1 - 5 of 13 reviews

Anonymous

Company size: 10,000+ employees

Time used: 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.
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

August 2018

Flexible, Comfortable and affordable software in managing loans

Pros

LoanAssistant is a loan management software that my team and I suggest for some of our clients, especially those with loans due to business start-ups. It is a great beginner’s software. It calculates interests, manages billing and pay off statements and it is highly integrative with QuickBooks system. It also covers your mortgages, which is bothersome to most of our clients.

Cons

The software is only applicable for Windows users which limit their possible clients. But for those who are Windows users, none so far have shared any complaints with this software and this helps our institution.

Kathleen

Company size: 2-10 employees

Industry: Banking

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

September 2020

Mortgage Loan Software integrated with Quickbooks

I've been very impressed with the entire process of Loan Assistant. We have been using this program for over 3 years. Our company has addressed issues, given ideas, and asked for help many times. The Loan Assistant team always responds promptly and with resolutions to our questions or concerns. When something doesn't work quite like we need it to they have always provided assistance and advice on whether we can make adjustments in the software to accommodate our needs. Outstanding Service!

Pros

Integrating with our existing accounting software (Quickbooks) is the most important aspect for us using this software. The ease and simplicity of the program is second and the affordably pricing is also important. The program offers customization to your specific needs if necessary. The superior customer service responsiveness is amazing. I've never waited long for any response and the staff is always pleasant.

Cons

The only con would be that I have not used another loan servicing software program....so I cannot offer comparisons.

Reasons for choosing LoanAssistant

No other product would allow our specific loan terms and conditions which have been used for over 100 years to work with their product software. Loan Assistant was able to work with our specific needs and has been wonderful. Each year we are growing together and they have made significant improvements since the first program we implemented in 2017. We will continue to be a loyal customer.

nitish

Verified reviewer

Company size: 1,001-5,000 employees

Industry: Financial Services

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
4

Ease-of-use

out of 5
4

Value for money

out of 5
3

Customer support

out of 5
4

Functionality

out of 5

October 2018

Good software for managing loans

Overall it's great software to work on as it can reduce to laborious work of managing loans into the simple one.

Pros

Loan assistant is loan management software that our team recommend and suggest to our clients. Most important function of this software is it can organise large of loans that is very difficult for a manual job. It is simple in use and learn curve is simple. It can manage bills and amortization schedule easily and it works well with QuickBooks.

Cons

It can be used only on windows platform which some may find it a disadvantage but most of the user don't bother about it. Customer support is imporving but still lacks in its service.

Alex

Company size: 2-10 employees

Industry: Real Estate

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

June 2018

Great software

reporting

Pros

Great software for my business; saves my team a lot of time - amazing job integrating with QuickBooks! The software is very user friendly and intuitive; reporting is excellent. The support staff has been very helpful with issues not covered in the help file.

Cons

Would be soo much better if they had 24x7 tech. support. Other than that, i cant think of anything else.

Emmanuel

Company size: 1 employee

Industry: Banking

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

July 2021

A Great and Comfortable to use Software in managing loans

Much impressed with how the application works.. I have been using this app for years now and have recommended to many users and institutions.. Good work done... Cudos

Pros

Loan assistant is a great a software to use in managing loans. This app has been recommended by myself to many users, banks and other financial institutions. We are able to integrate with quick books, calculate and manage interests on credit facilities and mortgages.

Cons

Windows users only applicable.it would be of great usage to others as I am enjoying the app when other softwares are been instituted.. GREAT APP