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 and API, which allows users to integrate with other business solutions such as accounting, CRM and ERP systems.
Tyler from Paradigm Equipment Finance
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!
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!
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.
Dan from Restaurants
LoanPro is very user friendly. Having LoanPro available anywhere is good for our team that travels a lot. We use complex interest calculations to solve APR and LoanPro handled them better than previous software.
Susan from One Click Funding
Employees number: 2-10 employees
I am very impressed with loanpro's lending software. I usually work from the office but it is very nice to be able to also work from home because with loanpro I can log on and service our notes from anywhere. The collection options are amazing and very helpful. This software makes my job easier.
Chandan from KlevrLend
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!
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.
Give it a try - you will love it.
W. from LMH Auto
LoanPro is a powerful solution if you want to move your lending business online. As a cloud based platform it allows us to mobilize our business and get more done. I especially appreciate the ability to create custom forms, and to automate our customer contact. The support team is great to work with and once the system is set up, it's very simple to use.
Don from Razorvision Consulting
Employees number: 11-50 employees
Our company specializes in building lending solutions for online lenders and over the years we¿ve worked with several different LMS vendors. Loan Pro has the most flexible loan setup options and comprehensive API on the market. It¿s easy to use, cost effective, and we recommend it to all of our clients.
Loan Pro is extremely flexible with built in support for many different loan configurations including CSO. The TILA numbers always match APRWIN with is great for audits. Support for event driven business rules and custom fields allow our clients fit the product to their specific business process.
Loan Pro is limited to the LMS function and does not include loan origination functions like contracts or verifications.
We have also been able to work with Loan Pro to recommend new features that enhance their product and our business.
Staci from Ken Garff
Employees number: 11-50 employees
LoanPro Software is a very powerful loan servicing platform. I found their staff to be friendly, professional and very knowledgeable. I have looked at other lending software in the past and LoanPro is by far the most modern. We were originally looking for a cloud based solution with an API and LoanPro is strong in both categories. Their attention to detail is also impressive. I highly recommend LoanPro, especially if you are trying to get away from desktop-based solutions.
Great looking and very complete.
There is a bit of a learning curve. This is partly due to the number of features.
We found the one-month free demo to be helpful.