The top 7 loan management software for small lenders provide a range of features to streamline the lending process. These software solutions offer capabilities such as loan origination, servicing, and management, as well as integrated analytics and customer monitoring. Here are the 7 loan management software for small lenders, along with their key features and pricing information:
Jisort
Jisort is a cloud-based banking and loan management software designed to automate services and launch digital banking products for financial institutions, particularly catering to microfinance, SACCOs, and Community Based Organizations.
The platform offers a mobile app that allows members to access their dashboard, view personal accounts, check loans, apply for loans, and access statements.
Jisort’s system helps monitor all aspects of a Sacco and lending operations, and the company can be contacted via email at info@jisort.com for more information.
The software is aimed at streamlining client information management and automating lending business processes, making it a valuable solution for organizations in the financial services sector.
Financial Services Cloud:
- Features: This software offers a comprehensive suite of tools for loan origination, servicing, and management. It also provides integrated analytics modules for valuable insights.
- Pricing: Pricing options include monthly and annual subscriptions, with additional features available at different price points.
The Financial Services Cloud is a powerful asset management software offered by Salesforce. It is designed to streamline complex processes in financial services, help with regulatory compliance, and provide personalized financial engagement at scale.
The software offers a comprehensive suite of tools for loan origination, servicing, and management, along with integrated analytics modules for valuable insights.
It also provides features to drive front-office productivity and improve customer loyalty and retention with personalized experiences powered by real-time financial data.
The pricing for Financial Services Cloud starts at $300 USD/user/month for the Sales and Service editions, with the option for a 30-day free trial.
The software is tailored to meet the specific needs of small lenders in the financial services industry, offering a range of features to streamline the lending process and provide valuable insights through integrated analytics modules.
HES LoanBox:
- Features: HES LoanBox is a flexible and powerful loan servicing and management solution tailored to the specific needs of small lenders.
- Pricing: The pricing structure is customizable, allowing businesses to select the features that best suit their requirements.
HES LoanBox is a ready-made software solution designed to automate loan origination, servicing, and management processes. It offers a functional borrower portal with SMS/email capabilities, technically advanced KYC and scoring, and rich loan servicing functionality.
The software enables credit officers to manage lending assets directly, providing flexibility and control over the lending process.
It also includes features such as a KYC plugin, biometric authentication, and a dedicated online portal for borrowers, allowing them to apply for loans, track approvals, and securely upload documents.
HES LoanBox is known for its high level of automation, reliability, and ease of use, making it a valuable solution for alternative lenders and in-house financing institutions.
The software is customizable and can be adapted to meet the specific requirements of lending environments and industries.
HES LoanBox is aimed at optimizing loan processing, enhancing efficiency, and expediting the underwriting procedures for businesses in the financial services sector.
Bryt Software
- Features: Bryt provides a unified platform for loan management, offering built-in analytic modules and integrated customer portals.
- Pricing: Customizable pricing based on the specific needs of the business.
Bryt Software is a feature-rich and affordable loan management platform that offers loan origination, servicing, and document creation functionalities. It is designed to be intuitive and easy to use, with a configurable workflow, customer relationship tools, web portal, and dashboards to provide real-time information about the loan pipeline.
The software is 100% cloud-based and offered as a service, with transparent and straightforward pricing based on the number of users, starting at $99 per month for the base product.
Bryt Software is tailored to lending professionals and is aimed at streamlining loan tracking and servicing tasks, making it an ideal solution for organizations in the lending business.
The platform is built on decades of executive experience in the lending industry and is designed to contain everything needed for loan management without restrictive contracts or hidden fees.
And is known for its user-friendly interface, fair pricing, and comprehensive lending aspects coverage, making it a valuable tool for loan management and servicing.
The Mortgage Office:
- Features: This software is ideal for private lenders, non-profits, and municipalities, offering complete investor management and customizable mortgage pool modules.
- Pricing: Tailored pricing based on the scale of the business and specific requirements.
The Mortgage Office is a web-based mortgage and loan servicing software designed for companies of all sizes. It offers a range of features including loan tracking, payment processing, document storage, and borrower/lender portals.
The software is known for its ability to accommodate volume as a business grows, customizable views, and the ability to save reports as spreadsheets.
The pricing for The Mortgage Office starts at $650 per month, and it is a loan servicing solution that is suitable for companies of all sizes. The Mortgage Office is recognized for its excellence and innovation in the real estate lending industry, with over 45 years of experience in non-conventional lending.
It is a powerful loan origination and loan servicing software that serves financial solutions companies and more.
Centrex:
- Features: Centrex is a cloud-based loan origination software with a focus on providing an all-in-one solution for small lenders.
- Pricing: Offers a range of pricing options, including free trials and monthly subscriptions.
Centrex Software is a full suite of white-labeled fintech solutions built and designed for brokers, lenders, banks, investors, fintechs, and more.
It is an end-to-end fintech dedicated CRM built for funders, lenders, brokers, syndicates, banks, and more.
The software offers features such as business loan building, merchant cash advance tracking, loan servicing, and pipeline management.
It is a loan origination software platform designed for brokers, direct lenders, and investors.
Centrex Software is known for its ability to manage and service an entire portfolio through integrated processing, and more.
The pricing for Centrex Software is not available on their website, but they offer a free demo.
The software is customizable and can be adapted to meet the specific requirements of lending environments and industries. Centrex Software is aimed at optimizing loan processing, enhancing efficiency, and expediting the underwriting procedures for businesses in the financial services sector.
LendingPad:
- Features: LendingPad is a loan origination system designed for mortgage brokers and lenders, offering a mobile-friendly interface and integrated customer care tools.
- Pricing: Customizable pricing based on the scale of the business and the required features.
LendingPad is a cloud-based mortgage loan origination system (LOS) designed to streamline and manage loan origination processes. It offers features such as lead creation, loan management, borrower prequalification, credit checks, and documentation lookup in a loan file.
The system is known for its innovative and highly-scalable cloud infrastructure, empowering loan officers to be effective, efficient, and focus on borrowers anytime, anywhere.
LendingPad aims to modernize the complex and often segmented loan origination process by allowing real-time collaboration between borrowers, brokers, and lenders.
The software has received positive reviews for its user interface, new and improved features, and the ability to access the pipeline anywhere.
This loan management software for small lenders is developed by LendingPad Corp and is recognized for maximizing productivity and overcoming the challenges of outdated LOS software. While the system has received positive feedback, some users have expressed concerns about its complexity and setup process.
Applied LMS:
- Features: Applied LMS is a cloud-based lending management software that provides a fast, powerful, and flexible solution for small lenders.
- Pricing: Tailored pricing based on the specific needs and scale of the business.
Applied LMS is a cloud-based loan management software designed to streamline loan origination, servicing, and management processes.
The software offers features such as online forms for loan origination, integrated collections, detailed reporting, and automation capabilities.
Applied LMS is tailored to meet the specific needs of loan agencies and is aimed at simplifying every stage of the loan process.
The software is known for its easy-to-use interface, advanced intelligence, and automation capabilities, making it a valuable solution for organizations in the lending business.
The pricing for Applied LMS is not available on their website, but they offer a free demo as well.
The software is customizable and can be adapted to meet the specific requirements of lending environments and industries.
Applied LMS is recognized for its excellence and innovation in the lending industry, with a focus on maximizing productivity and overcoming the challenges of outdated loan management software.
These loan management software solutions are designed to cater to the unique requirements of small lenders, offering a range of features to streamline the lending process, automate reporting, and provide valuable insights through integrated analytics modules.
Whether it’s loan origination, servicing, or management, these software solutions are tailored to provide scalable and customizable options for small businesses.
Wrap!
In conclusion, the top 7 loan management software for small lenders offer a diverse range of features and pricing options to cater to the specific needs of small lenders. From loan origination to servicing and management, these software solutions are designed to streamline the lending process and provide valuable insights through integrated analytics modules.
Whether it’s the Financial Services Cloud, HES LoanBox, or The Mortgage Office, small businesses have a variety of options to choose from based on their unique requirements.
Read also: What is the Difference Between LOS and LMS?
