The Nortridge Loan System Pricing, Features, Reviews & Comparison of Alternatives

The Nortridge Loan System

Enterprise-grade loan servicing software

4.17/5 (46 reviews)

The Nortridge Loan System overview

What is The Nortridge Loan System?

The Nortridge Loan System is a loan servicing and origination platform that helps lenders and loan servicing organizations better track, manage and service loan portfolios. Key features include customer relationship management (CRM), origination, servicing, and collections, alongside modules for multi-book accounting, participations, escrow, and a client web portal. Users are able to originate, service, collect and report on a multitude of loan portfolio types.

Nortridge supports multiple lines of loan products such as installment, secured loans, marketplace unsecured, lines of credit, auto, and mortgage, as well as different loan types including term loans, commitment, non-revolving, and pool loans. Users can select between interest methods, accrue on any preferred day, and set interest rates and payment periods with automatic late fees.

Users are able to automatically schedule over a hundred predefined standard reports with 40+ filter criteria for sorting and selecting data, and save the parameters for another report. Dashboards provide users with pie charts, bar charts, and geographical charts to view important metrics, with all data synced in real time. Nortridge allows users to automate loan processes to improve business procedures by configuring workflow rules for employees.

Plug-in a credit scoring engine to pull credit data and get credit profiles from prospective borrowers from credit bureaus, and alternative data sources via API. Direct database access provides users with current borrower data with detailed loan statistics. Users can create loan origination workflows with features including auto-decisioning, automated loan document generation, online application, smart disbursement, and more. An integrated collections module allows users to see all pertinent information about delinquent loans or borrowers on a single, customizable screen.

Pricing

Starting from
$990/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
The Nortridge Loan System screenshot: Add new loans and enter loan payment rulesNortridge Product Video - Full VersionThe Nortridge Loan System screenshot: A variety of dashboards allow users to track data in real timeThe Nortridge Loan System screenshot: Automate loan processes by configuring workflow rules for employeesThe Nortridge Loan System screenshot: Setup ACH processing to allow electronic payments

The Nortridge Loan System reviews

Value for money
Features
Ease of use
Customer support
  4.2
  4.2
  4.0
  4.1
Jeremy Sawyer

Super configurable and adaptable!

Used daily for 2+ years
Reviewed 2019-03-13
Review Source: Capterra

We have developed a complete originations platform, real-time scoring system, and distributor portal on the NLS platform. The complex adaptation we have created does require complete testing when moving to a newer version, but the Nortridge group supports us through any problem.

Pros
Configurable user defined fields, embed vbscript to automate tasks in many areas, load custom COM objects to expand the software further.

Cons
Updating software can be troublesome, must be tested in dev environment and can require expertise to deploy.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Marshall Hill

Secret Sauce

Used daily for 2+ years
Reviewed 2019-03-12
Review Source: Capterra

Pros
My experience has been that once implemented organizations accelerate their growth and are able to manage their operations with confidence and facility. There is no other solution that brings the out of the box functionality as well as securing future growth with am extensible platform that a evolving and growing to me meet future challenges and opportunities.

Cons
Support is evolving with their growth but is getting better every year.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Anonymous

NLS Review

Used daily for 2+ years
Reviewed 2019-03-12
Review Source: Capterra

My personal experience with the Nortridge Loan System has been very positive. This experience includes direct communication with those within Nortridge who lead the development and consulting teams. They are all very professional, approachable and easy to work with.

Pros
- Ease and flexibility of system configuration - Ability to integrate to other systems, extract data, etc. - Ability to customize workflows within the system

Cons
- Sometimes functionality that your business doesn’t need can confuse new users

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Dan Beeb

Poor Support & Lacking of Knowledge of Their Own Product

Used occasionally for 2+ years
Reviewed 2019-02-21
Review Source: Software Advice

This company attempts to make themselves look big and like they can handle big business, but when it comes to true support they cannot keep up.

Pros
Better than having no account management software. I'm sure if you are just doing automobile or home loan financing, it probably works fine.

Cons
Their User Interface is ancient and is not awful to use, but it's certainly not easy. I would HIGHLY recommend never using NLS provided hosting. Their hosting product is on a shared environment where one clients setup can affect another clients setup. Our software developers have found multiple bugs in their product and when we report them they either try to argue that it's not a bug or they take 6+ months to fix the bug. - NortRidge's support of their NLS product is horrible. * I would HIGHLY recommend never using NLS provided hosting. Their hosting product is on a shared environment where one clients setup can affect another clients setup. * We use their report server product (which is just a replicated MSSQL database) on their hosted platform and one time they moved it to a new server without telling us and changed the database path without telling us. Our internal manager asked them multiple times if their update would require and username, password, or server changes and they kept telling him 'No'. * They will only do software updates during standard business hours, so they have to take your business offline while they do it and you have to pray they don't cause new problems after the software updates are done. We most certainly had issues with bugs or problems after an update and they don't have a rollback process.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Stanley Muhammad

Solid ssten

Used daily for 2+ years
Reviewed 2019-03-12
Review Source: Capterra

Our company got into the loan servicing business without really understanding it. Our attempt to build it from scratch was iladvised and we needed a solid software to support this. Nortridge has done the job

Pros
It does the core functions flawlessly. We still are waiting for better API integrations but they have come a long way.

Cons
We still have issues with support responsiveness. Its taken a long time to get a web client but its on the way.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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The Nortridge Loan System pricing

Starting from
$990/month
Pricing options
Free trial
One time license
Subscription
View Pricing Plans

Contact Nortridge Software for detailed pricing information.

The Nortridge Loan System features

API
Activity Dashboard
Multi-Currency
Reporting & Statistics

Accounting Integration (151 other apps)
Accounting Management (157 other apps)
Audit Trail (109 other apps)
Automatic Notifications (138 other apps)
Billing & Invoicing (157 other apps)
Compliance Management (148 other apps)
Customizable Reporting (141 other apps)
Data Import/Export (149 other apps)
Electronic Payments (143 other apps)
Expense Tracking (139 other apps)
Financial Analysis (109 other apps)
Invoice Management (202 other apps)
Invoice Processing (130 other apps)
Real Time Data (136 other apps)
Third Party Integration (160 other apps)
Workflow Management (121 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 The Nortridge Loan System

Key features of The Nortridge Loan System

  • Credit Union
  • Investment Banking
  • Lease Management
  • Lending Integration
  • Lending Management
  • Multi-Branch
  • Offshore Management
  • Online Banking
  • Securities Management
  • Amortization Schedule
  • Construction Loans
  • Historical Loan Information
  • Investor Reporting
  • Loan Consolidation
  • Loan Processing
  • Loan Submission Control
  • Mortgages
  • Online Application Acceptance
  • Fee Management
  • Rate Tables
  • Rules Customization
  • Scheduling
  • User Defined Scoring
  • Amortization Schedule
  • Construction Loans
  • Investor Management
  • Loan Processing
  • Mortgages
  • Application Management
  • Fee Management
  • Amortization Schedule
  • Commercial Mortgages
  • Credit Reporting
  • Customer Statements
  • Electronic Applications
  • Escrow Management
  • Loan Origination
  • Loan Searching
  • Loan Servicing
  • Loan Submission Control
  • Payment Tracking
  • Pre-Qualification
  • Property Tax Management
  • Residential Mortgages
  • Refinance Management
  • Automatic Funds Distribution
  • Collateral Tracking
  • HUD Settlement Statements
  • Closing Documents
  • Multi-Branch
  • Third Party Loan Origination
  • Integrated Vendor Services
  • Outsource Processing
  • Complex Debt Structures
  • Exposure Management
  • Risk Management
  • Escrow Management
  • Payoff Processing
View All Features

Benefits

Organizations can tailor the platform to their specific business needs without a single line of code.

Use the Web API to plugin to anything, and scale from one user to hundreds with speed.

Create new loan products and expand into new markets, while improving efficiency and minimizing delinquency rates.

Improve loan collection rates using the integrated collections module and view all pertinent information about delinquent loans or borrowers on one screen.

Real-time dashboards allow users to visually track and leverage loan statistics with built-in charts.