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.
4 reviewers had the following to say about LoanPro Software's pricing:
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
Likelihood to recommend: 10/10
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Inconsistent variable formats and outdated documentation on variable use.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
Likelihood to recommend: 6/10
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
Likelihood to recommend: 10/10
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
Likelihood to recommend: 10/10
