Lendstream Pricing, Features, Reviews & Comparison of Alternatives

Lendstream

Loan origination & servicing platform for lenders & brokers

5.0/5 (1 review)

Lendstream overview

What is Lendstream?

Lendstream is a cloud-based loan origination and servicing platform which helps small to medium lending and brokerage companies with customer relationship management and debt collection. Key features include lead generation, product and interest rate matching, document management, loan servicing, loan sales, investor portfolio servicing, reporting and analysis.

The Lendstream platform enables lenders to manage leads from multiple sources, analyze borrower profiles for pre-approval, maintain compliance documentation, disburse loans in tranches (construction), automate payment collection, and schedule task-lists for each employee. Managers can categorize borrowers, maintain communication records, prepare surveys, and collect customer feedback. Plus, supervisors can create and assign tasks to employees, measure performance, and track deadlines.

Lendstream comes with REST APIs, enabling users to build web applications for integration with partners and access detailed bank statements, verified income and credit reports. Teams can collect and store loan package documents in a centralized database, and manage templates for agreements, SMS, and emails. Lendstream can be scaled to function across multiple countries and regions.
www.lendstream.io

Pricing

Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Europe, Germany, Latin America, Middle-East and Africa, United Kingdom

Supported languages

English, Russian
Lendstream screenshot: Menu window, Operations section (customized to requirements of mortgage lender).Lendstream screenshot: Lead window, with borrowers info obtained during automated on-boarding process. Could be filled manually, short questionnaire for quick customer profile available.Lendstream screenshot: Loan list window. One-click options to view amortization schedule, contact info, loan conditions, loan performance, collateral info and etc.Lendstream screenshot: Messaging to late clients window. Batch messaging from predefined list available. Message templates from MS Word files.Lendstream screenshot: Report explorer window. Report list, report categories (favorites, production, management, outside reporting and etc.) available.Lendstream screenshot: Fast search options: by borrower, by loan number, by transaction.Lendstream screenshot: Loan sale/pledge engagement window.

Lendstream reviews

Excellent
1

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  0.0
  5.0
  5.0
  4.0
Anita Zuika

User Friendly Software

Used daily for 2+ years
Reviewed 2019-12-18
Review Source: Capterra

From my experience it is a user friendly software that can be quickly mastered and can very well support both loan origination, loan service and more. Based on the available data, it can be used to generate a vast variety of different reports about existing client database and general tendencies. I must say that I miss the times when I was using this software at work.

Pros
I used this software in my previous working place for mortgage loan origination purposes. After the customer data were input into the system, the software created its conclusion and analyses depending on the criteria and requirements provided into the system. The programme provided results for compliance to the required lending criteria immediately, and it was able to generate different kinds of reports for various periods of time that were clear to understand, the information on them was easy to follow. In addition, each user could have access to different reports depending on their job role, and reports were available in different formats (pdf, excel) and in several languages (I used English, Latvian, Russian). The company could ask the software administrators to change the criteria set up according to the business requirements. This software was used for loan portfolio pledge as well.

Cons
There was time needed to enter all required criteria, but as a user I did not experience any difficulties, because the entered information could be saved even if the application was not fully finished and one could return to it any time. I believe the biggest challenge is to decide what data to collect, but the good thing is that the software allows to supplement the criteria and the information when required, only I cannot comment on the administrative part of how easy that is, I only know that everything that was required was done.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Lendstream pricing

Pricing options
Subscription
View Pricing Plans

Contact Lendstream for pricing details

Lendstream features

API
Accounting Management
Compliance Management
Data Import/Export
Invoice Processing
Multi-Currency
Third Party Integration
Workflow Management

Accounting Integration (151 other apps)
Activity Dashboard (173 other apps)
Audit Trail (109 other apps)
Automatic Notifications (138 other apps)
Billing & Invoicing (157 other apps)
Customizable Reporting (141 other apps)
Electronic Payments (143 other apps)
Expense Tracking (139 other apps)
Financial Analysis (109 other apps)
Invoice Management (202 other apps)
Real Time Data (136 other apps)
Reporting & Statistics (201 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for Lendstream

Key features of Lendstream

  • Amortization Schedule
  • Application Management
  • Auto Loans
  • Automated Decisioning/Underwriting
  • Automatic Funds Distribution
  • Business Loans
  • Client Database
  • Closing Documents
  • Collateral Tracking
  • Commercial Mortgages
  • Construction Loans
  • Consumer Loans
  • Credit Reporting
  • Customer Management
  • Customer Statements
  • Electronic Applications
  • Escrow Management
  • Fee Management
  • Government Loans
  • Integrated Vendor Services
  • Investor Management
  • Lender Search
  • Loan Consolidation
  • Loan Disbursement
  • Loan Level Pricing
  • Loan Origination
  • Loan Portfolio Management
  • Loan Processing
  • Loan Searching
  • Loan Servicing
  • Loan Submission Control
  • Mortgages
  • Multi-Branch
  • Online Application
  • Outsource Processing
  • Payment Tracking
  • Pre-Qualification
  • Pricing Engine
  • Pricing Management
  • Refinance Management
  • Residential Mortgages
  • Student Loans
  • Third Party Loan Origination
View All Features

Benefits

Have one integrated loan management software in short and predictable time-frame with clear install & support costs.
Use web and mobile applications for fast customer on-boarding.
Collect more pre-qualified leads with automated customer identification and pre-screening functions.
Use process driver for daily tasks and reminders - get your To-Do list into your e-mail each morning.
Use secondary marketing option to sell loan portfolio and reinvest funds into business growth.