LoanCirrus Pricing, Features, Reviews & Comparison of Alternatives

LoanCirrus

Loan origination & servicing platform

4.8/5 (10 reviews)

LoanCirrus overview

What is LoanCirrus?

LoanCirrus is a loan management platform that helps lenders manage their loan operations from anywhere, offering a wide range of lending operations that are scalable to a variety of businesses. Features include automatic SMS and email notifications, customizable workflows, risk scoring capabilities, automated reminders, and more.

LoanCirrus provides organizations with intelligent communication features that remind users when a document or asset appraisal expiration date is getting near, and sends an email to the customer automatically. The platform includes every feature needed to successfully service borrowers including full loan administration, multiple interest calculation, multiple currencies, document management, and more.

The solution enables users to create custom workflows as well as configure and set process controls for each role on the team. Users can also customize and define permissions, notifications and triggers for each step in the process and link them to a product. The admin dashboard allows organizations to configure all internal controls, as well as manage branches, documents and data, products, fees, penalties, currencies, and exchange rates.
loancirrus.com

Pricing

Starting from
$49.99/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Australia, Brazil, Canada and 8 other markets, China, Europe, Germany, Japan, Latin America, Mexico, Middle-East and Africa, United Kingdom

Supported languages

English, Arabic, Dutch, French, German and 9 other languages, Hebrew, Indonesian, Irish, Italian, Norwegian, Portuguese, Russian, Spanish, Swedish
LoanCirrus screenshot: View analytics and recent activities at a glance via the dashboardLoanCirrus Overview VideoLoanCirrus screenshot: View detailed client information and create new loan applications with a clickLoanCirrus screenshot: Get an overview of clients' loan summaries, payments and transactions, and add commentsLoanCirrus screenshot: The admin dashboard enables users to manage internal controls, users and roles, documents, fees, penalties and more

LoanCirrus reviews

Excellent
9

Very good
0
Average
1

Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.9
  4.7
  4.8
Sanjie Clarke

Although the software requires a bit configuration the support team is responsive & knowledgeable .

Used daily for less than 6 months
Reviewed 2017-10-12
Review Source: Capterra

The confidence to scale my business. Access to industry relevant information.

Pros
1. I like that the software can be integrated with debt collectors. 2. I like that I'm able to rate my clients and assess the level of risk they pose based my predetermined criteria. 3. I like that it generates output documents such loan agreements and it also allows me to store my input documents such customer identification and proof of address all in one place. 4. I like that there's a free trial period before having to commit to subscription. 5. LoanCirrus allows me to access the same technology that much larger institutions have access to. 6. LoanCirrus is customizable. 7. The customer support team is always available, very knowledgeable and the turnaround time is impeccable. 8. The team publishes articles on industry trends, standards and how to use the application efficiently.

Cons
LoanCirrus requires a lot of configuration and as such it may take the user some time to get over the learning curve.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Anonymous

It's been an overall good experience so far. It's saved me so much time and money!

Used daily for 6-12 months
Reviewed 2018-01-07
Review Source: Capterra

Saves money and time.

Pros
I didn't have to hire another employee because it covers so many bases in my business. It fills out application forms so I don't waste paper and I can work from anywhere . It's quick, easy, reliable and the interface is user-friendly. It's made such a positive difference in my business.

Cons
When loan numbers are randomly generated there is no way to identify, based on the number, when the loan was generated; they are not generated in chronological order. That has to be identified by the date that the loan was originated. It's a personal preference, but it would be nice if those numbers could be generated chronologically.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Melvina Thompson

From inception; the Loan Cirrus team has been very helpful with transitioning during our migration.

Used daily for 6-12 months
Reviewed 2017-12-25
Review Source: Capterra

Pros
I like the fact that the software is very user friendly and allows users to learn quickly. Also; the software is quite flexible meaning that the developers works well in trying to customize an instance as best as possible to accommodate their customers.

Cons
The least attractive part of Loan Cirrus is probably the fact that there is not one specific person who deals with everything but instead, there is a team of specialists. This is both a pro and a con because this means that they have persons specializing in different areas; however, depending on whether you have the several issues at the same time you'd need to communicate simultaneously.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Kimar Findlater

Meets business needs

Used weekly for 1-2 years
Reviewed 2017-12-19
Review Source: Capterra

Offered our clients a tool to make great business decisions.

Pros
User interface is simple. It delivers on its promise. We have been using it for a while and have found it to be very easemy to use and worth the purchase.

Cons
Ability to integrate into core operating system. Our main systems have unique ports, hence getting the software to integrate on some of our clients ports proved futile. However it offered best practise solutions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Robert Wright

Great experience as system is easy to use and friendly customer support is readily available.

Used daily for 6-12 months
Reviewed 2017-12-19
Review Source: Capterra

Pros
The software is very easily understood / used and allows many options for accessibility. Regular amendments are undertaken in response to user demand and the system provides a wide range of reports for management use.

Cons
We have no complaints as our initial concerns have been addressed in the amended versions rolled out over recent months

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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LoanCirrus pricing

Starting from
$49.99/month
Pricing options
Free
Free trial
Subscription
View Pricing Plans

Pricing is based only on the number of active loans in a lender's portfolio

Flat fee of $49.99 per month plus $1 per active loan

Custom pricing available for 1,000+ active loans

LoanCirrus features

API
Multi-Currency
Third Party Integration

Accounting Integration (152 other apps)
Accounting Management (157 other apps)
Activity Dashboard (174 other apps)
Audit Trail (111 other apps)
Automatic Notifications (139 other apps)
Billing & Invoicing (157 other apps)
Compliance Management (150 other apps)
Customizable Reporting (142 other apps)
Data Import/Export (149 other apps)
Electronic Payments (143 other apps)
Expense Tracking (139 other apps)
Financial Analysis (111 other apps)
Invoice Management (202 other apps)
Invoice Processing (130 other apps)
Real Time Data (137 other apps)
Reporting & Statistics (204 other apps)
Workflow Management (123 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

Videos and tutorials

Additional information for LoanCirrus

Key features of LoanCirrus

  • Amortization schedule
  • Auto loans
  • Construction loans
  • Historical loan information
  • Investor reporting
  • Loan consolidation
  • Loan submission control
  • Mortgages
  • Online application acceptance
  • Fee management
  • Rate tables
  • Rules customization
  • Scheduling
  • User defined scoring
  • Amortization schedule
  • Investor management
  • Loan processing
  • Mortgages
  • Application management
  • Fee management
  • Automatic funds distribution
  • Collateral tracking
  • Closing documents
  • Multi-branch
  • Third party loan origination
  • Integrated vendor services
  • Outsource processing
  • Consumer loans
  • Student loans
  • Full loan administration
  • Multiple interest calculation
  • Multiple currencies
  • Documents management
  • Workflow management
  • Client management
  • Disbursements
  • Collections planning
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Benefits

LoanCirrus is highly customizable and provides unique features that can be tailored specifically to each type of organization's operations.

Reduce everyday tasks and gain more time with borrowers by configuring rules and automating workflows.

Avoid using paper and spreadsheets by uploading and storing all documents and loans to the cloud and sharing items instantly with teams and virtual branches.

LoanCirrus helps unify communication channels and allows customers access via web, mobile or walk-ins.

Customize and define notifications, triggers, and permissions for each step in the workflow process and link them to a product for added control.