SparkLMS is a cloud-based loan servicing solution that caters to small businesses. It helps users to to manage various operations involved in loan lending such as lead management, customer relationship management (CRM), loan product management, underwriting, loan origination, collections and reporting.
The loan management module helps lenders manage and track different loan types including personal, business, student, mortgage, car, installment, payday and cash advance. The loan origination module includes modules for online loan applications, credit pulls, decision support and conditions tracking.
Ad-hoc reporting capabilities and a configurable dashboard help users access, discover and blend specific data. The solution also offers integrations with payment processing gateways, credit bureau verification, lead provider posting, website and landing page APIs, text messages and emails. It can also be integrated with Factor Trust, iDology and Clarity Services.
Services are offered on a per-transaction basis that includes support via phone, email and an online help desk.