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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.
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Best fit for small to medium-sized businesses.
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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.
Users sentiment
See the LoanPro pricing page.
LoanPro alternatives
loanpro vs PeachHas fewer features and slower momentum compared to LoanPro. A LoanPro competitor and alternative.Read more
loanpro vs Sageworks LendingBetter fit for mid-sized businesses. Has a higher G2 rating. LoanPro is growing faster. Sageworks Lending is more USA-focused.Read more
FinfluxBetter for enterprise companies. Has grown faster. Users love the easy-to-use interface and tailored solutions. Users dislike the higher pricing and occasional slow support.Read more
KollenoBetter for mid-sized and enterprise businesses focused on automating accounts receivable and collections. A strong LoanPro alternative for users of ERPs like NetSuite or Xero, looking for seamless integrations and improved cash flow. Kolleno has faster website traffic growth and more positive user reviews.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
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.
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.