The loan office basically works as an on-premise loan servicing solution for all types of organizations. It is basically suitable for those enterprises which are in the financial services business.

- It also helps in the working of banking transactions and services and also manages regarding the tax forms Review collected by and hosted on G2.com.

What do you dislike about The Loan Office?

The dislike about the loan office is that it is a little bit expensive. The startup enterprise or the enterprise which is in the starting phase will not be able to avail of its services Review collected by and hosted on G2.com.

PT

parth t.

Teaching Assistant

Small-Business (50 or fewer emp.)

6/22/2023

"Its good place for taking affordable loan"

2.5/5

What do you like best about The Loan Office?

It provides flexible loan services with simple interest. We can take more loan as business grow. Review collected by and hosted on G2.com.

What do you dislike about The Loan Office?

It's difficult to transfer loan from this to others bank. Review collected by and hosted on G2.com.

AR

Verified User in Real Estate

Mid-Market (51-1000 emp.)

9/8/2016

"The Loan Office has helped streamline our loan origination process and stores data in a single place"

2.5/5

What do you like best about The Loan Office?

The report generation feature significantly decreases the amount of time spent generating monthly statements, payoff reports, receipts, etc.The automatic calculations performed by the software decreases the risk for human error when generating payment amounts. Review collected by and hosted on G2.com.

What do you dislike about The Loan Office?

However, the software system is very rigid. You cannot edit the reports generated, whether it is the information included in the report or the structure of the report. Their technical support department is not open to listening to suggestions of how to improve the software from customers who actually experience problems while using it. I have had to create numerous workarounds to create the reports I need. I also wish you could easily connect different sections of the software, for example approved loan applicants and actual loans, but their tech support said they are not open to this idea. Review collected by and hosted on G2.com.

Recommendations to others considering The Loan Office:

This is the very basic package. If you need a software to handle more than a simple type of loan with fixed interest and little variations, then this product will work fine. If you want a more robust system, I would consider upgrading the The Mortgage Office and adding on the needed modules, although you will have to pay for them from my understanding. Review collected by and hosted on G2.com.

What problems is The Loan Office solving and how is that benefiting you?

Storing all of the data in a single place where you can easily access new and old accounts alike is a life saver. The automatic calculations decrease human error when calculating monthly reports and payoff statements. It is easier to generate reports to track our increase in loan volume and types of loans. Review collected by and hosted on G2.com.