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.

Customer interactions
Customer interactions

Customer interactions

Customer profiles

Customer profiles

Data management

Data management

Payment management

Payment management

Reports

Reports

Auto loans

Auto loans

Supported Operating System(s):

Mac OS, Web browser (OS agnostic)



9 Reviews of LoanPro

Overall rating

5.0 / 5 stars

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Shana from City of Dallas

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

September 2018

Professional and Informative

LoanPro makes tracking customer payment history easy. Our company can now print reports with a click of a button.

Pros

LoanPro has made our process of inputting information easy! Thanks to your support team, Gatesco Financial has the ability to securely store customer data and report payment history.

Cons

The FAQ/Help site helps with navigating the LoanPro software. Thank you for this addition!

Review Source: Capterra

Kryspin from QCOMPUTE LLC

Ease-of-use

Value for money

Customer support

Functionality

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.

Review Source: Capterra

Tyler from Paradigm Equipment Finance

Ease-of-use

Value for money

Customer support

Functionality

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.

Review Source: Capterra

Dan from Restaurants

Ease-of-use

Value for money

Customer support

Functionality

July 2017

Sales team were easy to work with. The free trial period was long and helpful.

Pros

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.

Review Source: Capterra

Susan from One Click Funding

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

March 2017

Amazing loan softwares.

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.

Review Source: Capterra

Chandan from KlevrLend

Ease-of-use

Value for money

Customer support

Functionality

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

Review Source: Capterra

W. from LMH Auto

Ease-of-use

Value for money

Customer support

Functionality

March 2017

A great web-based solution.

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.

Review Source: Capterra

Don from Razorvision Consulting

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

February 2017

Best LMS for Online Lenders

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.

Pros

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.

Cons

Loan Pro is limited to the LMS function and does not include loan origination functions like contracts or verifications.

Review Source: Capterra

Staci from Ken Garff

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

January 2017

Powerful and good looking software.

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.

Pros

Great looking and very complete.

Cons

There is a bit of a learning curve. This is partly due to the number of features.

Review Source: Capterra

Displaying 1 - 9 of 9 reviews