Many lenders opt to service––or manage the administrative process of––their own loans, as this allows for increased profits and greater control over regulatory compliance. Loan servicing software automates and manages the loan lifecycle from origination all the way to reporting. The software minimizes error and effort when tracking and reconciling loans across enterprises and stockholders. The software internally controls service loans which better controls compliance and regulatory factors, as well as manages customer service levels, costs, and operations. Loan servicing software is designed to help lenders increase revenue, simplify portfolio management, improve customer satisfaction, and reduce operating expenses. Because loan servicing software improves efficiency in workflow, it should integrate with existing CRM tools.
To qualify for inclusion in the Loan Servicing category, a product must:
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TurnKey Lender is an award-winning provider of lending automation, risk mitigation, and decision management solutions for lenders. The functionality of this intelligent end-to-end platform covers the whole lifecycle of a loan: from decisioning and origination to servicing and reporting. Why choose TurnKey Lender: Proprietary AI-powered algorithms which are used for risk evaluation and decisioning minimize portfolio risk profile and write-offs letting business approve more of the right loans faster and safer. All-in-one automation helps lenders put loan origination, underwriting, collateral management, borrower evaluation, risk management, debt collection, loan servicing, reporting, supervision, and regulatory compliance on cruise control. Integrations with major credit bureaus and other lending-related databases, products, and services. Fully adjustable proprietary scoring models and rules based on an advanced default scorecard. Country-specific editions of the platform which reflect each jurisdiction’s regulatory laws. Improved portfolio profitability, operational efficiency, and client lifetime value. TurnKey Lender offers intelligent and easy-to-use software which will help you outperform alternative and traditional competitors at a fraction of the price. Now you can access the most innovative lending technology and risk mitigation tech without the glass ceiling of million dollar investment.
The Cloudvirga Enterprise POS includes all the features of the Mobile POS and includes an environment for LOs that helps them structure the deal and service their customers. The Enterprise POS also includes directed workflows, calculates risk, and checks compliance to create underwriter-ready loans.
Blend is bringing its powerful suite of consumer technology to mortgage brokers and wholesale lenders. This will empower mortgage brokers to extend their brand digitally and improve efficiency throughout the lending process. Join us as we build a more sustainable lending ecosystem with higher quality loans and better data transparency for all parties involved.
CL Lease™ is a complete leasing servicing application that enables lessors to efficiently service equipment and vehicle leases, from origination to end of life. This complete cloud-based solution simplifies lease servicing and collections and provides a detailed view of all outstanding leases, complete with aging and approvals to simplify collections. CL Lease can automate operations, manage and track multiple assets in a single lease and manage returns.
Close Servicing supports all servicing processes from the opening of a loan until the final payment. Both the periodic, recurring activities such as calculating and charging of due dates or interest on arrears as well as the occasional, incidental activities such as early prepayments or intermediate rate revisions are being conducted in the contract administration and financial sub administration of the solution.
FinnOne Neo Cloud is a highly automated, workflow based and technologically advanced lending solution designed to offer best in class loan lifecycle management capabilities combined with the power of cloud. It enables customers to digitize and automate their processes, launch tailored products in a matter of minutes and offer comprehensive services across multiple channels. FinnOne Cloud helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to comprehensive loan servicing and sophisticated delinquency management. It helps companies make better credit decisions, reduce credit risk and lower the levels of non performing loans. Powered by Nucleus 10 time winner world’s best selling lending solution, FinnOne Neo Cloud, is designed to cater to the unique requirements of banks and non banking financial services companies, and covers a wide range of loans, including personal loans, housing finance, auto loans, education loans, consumer durable finance and gold loans. Business Benefits: ->Complete digitization of the loan lifecycle ->Automated and paperless processes ->Faster time to market through ready to plug-in and use solution ->Add capacity and users quickly and easily ->Adapt to changing business needs very quickly ->Zero upfront infrastructure cost with pay-per-use opex cost ->24x7 business availability
Small business owners often face multiple hurdles securing loans. Whether your dream is to expand your business or you need funds to keep things running smoothly, partner with Heartland for the best lending solutions in the market. You'll get the funds you need, when you need them, with transparent terms and the most reasonable rates possible.
Construction Loan Manager by Land Gorilla is a cloud-based construction loan software that streamlines the construction loan process. Easily track every aspect of a construction loan from pre-closing due diligence to post-closing administration - all in one place.