LoanPro Software Pricing Plan & Cost Guide

LoanPro Software

Full-service lending management platform

4.86/5 (14 reviews)

LoanPro Software Pricing

Starting from: $200.00

Pricing model: Subscription

Free Trial: Available (No Credit Card required)

LoanPro offers multiple pricing packages tailored to the needs of different lender types and sizes. Want assistance? Sign up for a free 10-minute pricing consultation today.

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LoanPro Software Pricing Reviews

Pros
  • LoanPro has made our process of inputting information easy. Thanks to your support team, Gatesco Financial has the ability to securely store customer data and report payment history.Shana H.Read the full review
  • Overall LoanPro can provide a great value for lending institutions. However I have felt that I cannot trust the program to work when most needed.Jorge U.Read the full review
  • It was simple to implement and the staff was attentive and responsive.Jason M.Read the full review
Cons
  • They fail to update service outages on their status page.Jorge U.Read the full review
  • Collector queue tool is always failing or inoperable. Daily maintenance runs during office hours; which advances the program to the next day.Jorge U.Read the full review
100%
recommended this to a friend or a colleague

4 reviewers had the following to say about LoanPro Software's pricing:

Tyler Deters

The team has LoanPro has been remarkable to work with.

Used daily for 6-12 months
Reviewed 2018-02-02
Review Source: Capterra

We had been using excel files and dropbox. This software allows us to bring all of our documentation and portfolio management into one location. It has been easy to set up and with great support from the team at LoanPro. We've been implementing collection letters into the software which will be of great benefit to manage our collection efforts. The reports the software generates of our portfolio has also greatly assisted the accounting department in tracking the performance and revenue. We love this software and the team at LoanPro!

Pros
We've been looking for a software to manage our portfolio for several years and couldn't find anything that would do what we needed and not break the bank. It is reasonably priced and is easy to use. The software is also helping manage our delinquency and collection efforts. Phenomenal product!

Cons
The software is primarily for managing a loan portfolio. Our deals are leases so it has taken some customization, but the team at LoanPro has been able to make the adjustments needed to fit our leases.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Jorge Urbieta

Promising Software

Used daily for 6-12 months
Reviewed 2019-06-25
Review Source: Software Advice

Overall LoanPro can provide a great value for lending institutions. However I have felt that I cannot trust the program to work when most needed. There have been several instances where the program crashed during office hours and have had to turn away customers. Definitely cannot lend with confidence.

Pros
The features cover almost everything a lending institution needs.

Cons
Mail house tool can only send to primary addresses and not mailing addresses. Inconsistent variable formats and outdated documentation on variable use. Up time is not 99.9%. They fail to update service outages on their status page. Collector queue tool is always failing or inoperable. Daily maintenance runs during office hours; which advances the program to the next day. Failed to fulfill promises on new features

Rating breakdown

Ease of use
Features

Likelihood to recommend: 6/10

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Don Isbell

Best LMS for Online Lenders

Used daily for 1-2 years
Reviewed 2017-02-24
Review Source: Capterra

Our company specializes in building lending solutions for online lenders and over the years we've worked with several different LMS vendors. Loan Pro has the most flexible loan setup options and comprehensive API on the market. It's easy to use, cost effective, and we recommend it to all of our clients.

Pros
Loan Pro is extremely flexible with built in support for many different loan configurations including CSO. The TILA numbers always match APRWIN with is great for audits. Support for event driven business rules and custom fields allow our clients fit the product to their specific business process.

Cons
Loan Pro is limited to the LMS function and does not include loan origination functions like contracts or verifications.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Kryspin Ziemski

Cloud based Loan Solution,scalable in performance and cost,Turnkey to Full API,Fast Implementation

Used daily for 6-12 months
Reviewed 2018-05-02
Review Source: Capterra

I was able to plug a solution into a hole for a project where no other solution existed that i could tell of.

Pros
Personally, i'm a full stack developer. I was searching for a loan servicing package for an loan onboarding and servicing implementation. Built from ground up on Amazon's cloud, LoanPro is a first-class Platform for Loan Servicing. It offers: full API access with all documentation available to evaluate before you even sign. a wide set of payment processors: ACH, NACHA, credit/debit... a wide range of optional features to help in onboarding, validation, portfolio mgmt. and reporting. If you are NOT a developer, they provide great support and Turnkey options to complete your loan onboarding. If you are uncertain either in needing a turnkey or if you're a developer and need to test they offer a 30 day free trial complete functional. Launches completely in 30 mins giving you an instance to launch with full api access. this trial can convert over before the end so that no work is lost in the evaluation. I was able to create a full api based onboarding and servicing solution in under 100 man hours mixing and matching with other technology providers in cloud based per user/loan cost environment. Costs are defined in per loan metrics with options for minimal upfront or with a higher upfront and lower per costs. LoanPro has a first class Loan servicing front end as well as a customer facing portal. Makes a great choice for a # of use cases in the Loan Provider space. I would highly recommend it in both Developer and Non Developer scenarios.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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