LOANLEDGER Software


 

LOANLEDGER is a cloud-based loan servicing solution for enterprises of all sizes. It’s suitable for mortgage firms, financial firms, automobile lending banks, private lenders, governmental agencies, municipalities, venture capitalists, construction agencies and credit unions. Primary features include debt collection, accounting management, construction loan servicing, automatic fund distribution and reporting.

LOANLEDGER allows organizations to manage the loan servicing process from application to payoff. It also manages mortgages and rates, simple interest, commercial and construction loans and credit cards. Other features include audit trails, logs, detailed life-of-loan histories, multiple interest-calculation options, payoff scheduling and automatic tax return submission.

It offers integration with Calyx Software, eDominate, ScanOnce and more. Subscription pricing and perpetual licenses are available. Support is offered via phone, email, live chat and dedicated customer-support advisors.

 

LOANLEDGER - Main menu
 
  • LOANLEDGER - Main menu
    Main menu
Supported Operating System(s):
Mac OS, Web browser (OS agnostic)

4 Reviews of LOANLEDGER

Showing 1-4 of 4

 

Start your review of LOANLEDGER

Click to start
https://www.softwareadvice.com/loan-servicing/loanledger-review/

Jeff from City of Aurora

July 2017

July 2017

Product is just OK. Very good customer service when I call with questions.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

The program is not difficult to learn how to use. sssssssssssssssssssssssssssssssssssssssssssssssssss

Cons

Payoff statements cannot be customized (to my knowledge). Program sometimes freezes after 1-2 hours of inactivity - have to shut down and log back in. Have never been able to get loans to automatically apply principal and interest payments correctly.

Source: Capterra
 

sandra from City of San Mateo
Number of employees: 201-500 employees Employees number: 201-500 employees

July 2017

July 2017

easy to use and great customer support from Martie Mullen,

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

ease of use on a daily basis

Pros

simplicity, easy-on-the-eye graphics
help is just an email away,,,,,
loan accounting features are intuitive

Cons

reports can be a bit clumsy
error messages are hard to decipher
no warnings when you get an error, you are just booted off

Source: Capterra
 

Kristi from Furniture Mart USA

July 2017

July 2017

I have had not issues with the software and find it very easy to use.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

It is easy to use and somewhat user friendly. The software is easy to follow and has just the right features I need.

Cons

I wish I was able to print more than report at a time to my screen. If I forget to close out of one report and try to print another report I get an error message and get kicked out of the software.

Source: Capterra
 

Chuck from Berins Mortgage Company
Number of employees: 11-50 employees Employees number: 11-50 employees

July 2017

July 2017

Easy to upload and support staff is fantastic! Conversions and data entry has been very smooth!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Low cost with big results. This program does everything we need to service multiple loan portfolios including a wide range of reports. This keeps our investors up to date each day. There are several "modules" available that can be integrated into the base program that would give even more flexibility however they are functions we don't need. It's great to know however, that if we need them in an expanded capacity we have access to them.

Pros

This is the second company I have run and purchased this program for. My reasoning is simple, it is designed for the small to mid size servicer and not a tremendous amount of training required. If you can read you can use this system. Also, it has given us the opportunity to handle several companies at once without a huge cash outlay. My staff have been very successful using virtually all of the functions enveloped within this program!

Cons

The system is virtually identical to what I purchased 25 years ago and could use some updating in its' appearance. That said, it functions just fine!

Source: Capterra