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LoanPro

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Company health

Employee growth
20% increase in the last year
Web traffic
2% increase in the last quarter
Financing
March 2021 - $100M

Ratings

G2
4.2/5
(19)
Glassdoor
3.8/5
(70)

LoanPro description

LoanPro is a cloud-based loan management software designed for lenders of all sizes. It helps manage the entire loan lifecycle, from application and approval to servicing, payments, and collections. LoanPro stands out for its flexibility, allowing lenders to create custom loan products and automate processes. It promises improved efficiency, scalability, and the ability to launch new loan programs quickly.

Who is LoanPro best for

LoanPro is a flexible, cloud-based loan management software catering to lenders of all sizes. It streamlines the entire loan lifecycle, from origination to collection. LoanPro is best for small and medium businesses seeking efficient loan management tools.

  • Best fit for small to medium-sized businesses.

  • A good fit for any lending business.

LoanPro features

Supported

LoanPro supports the generation of loan amortization schedules.

Supported

LoanPro supports API access for integrating with other systems via API.

Supported

LoanPro supports a built-in document management system to store and organize loan documents.

Supported

LoanPro supports the ability to process loan payments from borrowers through its integrated payment processing features.

Supported

LoanPro supports generating reports on loan performance, payments, and other metrics.

Supported

LoanPro allows configuration of loan parameters and terms for custom loan products.

LoanPro pricing

The commentary is based on 3 reviews from LoanPro G2 reviews.

LoanPro does not publicly disclose pricing information.

See the LoanPro pricing page.

LoanPro alternatives

  • Logo of CompassWay
    CompassWay
    Automate your loans, from application to repayment. Simple, efficient lending.
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  • Logo of Sageworks Lending
    loanpro vs Sageworks Lending
    Streamlines lending, reduces risk, and fuels smart decisions.
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  • Logo of Mortgage Automator
    Mortgage Automator
    Automates private lending, from origination to servicing, boosting efficiency.
    Read more
  • Logo of LendingPad
    LendingPad
    Modern mortgage loan origination software streamlining the entire lending process.
    Read more
  • Logo of CoreISSUE
    CoreISSUE
    Streamlines loan origination for retailers, lenders, and dealerships.
    Read more
  • Logo of CloudBankin
    CloudBankin
    Modern lending platform. Streamlines loans, from origination to servicing.
    Read more

LoanPro FAQ

  • What is LoanPro and what does LoanPro do?

    LoanPro is a cloud-based loan management software catering to lenders of all sizes. It streamlines the entire loan lifecycle, from origination and underwriting to servicing and collections. LoanPro offers flexible loan product configuration and process automation, boosting efficiency and scalability for lenders.

  • How does LoanPro integrate with other tools?

    LoanPro integrates with other systems through its API access. This allows for seamless data flow and automation between LoanPro and other tools, enhancing efficiency and streamlining workflows. It supports custom integrations, making it a flexible loan management solution.

  • What the main competitors of LoanPro?

    LoanPro competitors include Peach, Sageworks Lending (Abrigo), Finflux, Applied LMS, and Kolleno. These alternatives offer similar loan management, origination, and servicing features, catering to various financial institutions' needs.

  • Is LoanPro legit?

    Yes, LoanPro is a legitimate cloud-based loan management software. It's generally well-regarded for its flexible loan product configuration and process automation. However, it may not be ideal for enterprise-level businesses.

  • How much does LoanPro cost?

    LoanPro doesn't publicly disclose its pricing. Contact their sales team for a custom quote based on your specific lending product pricing and business needs. Consider whether LoanPro is worth it based on its feature set and your budget.

  • Is LoanPro customer service good?

    LoanPro's customer service receives positive feedback for its responsiveness and helpfulness in troubleshooting and answering questions. However, some users mention initial challenges establishing effective communication pathways. While the support team is generally considered friendly and knowledgeable, one negative review expresses extreme dissatisfaction with their problem-solving abilities.

Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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