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

The Nortridge Loan System

Enterprise-grade loan servicing software

4.26/5 (78 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
One time license
Subscription
Free trial
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 user reviews

Value for money
Features
Ease of use
Customer support
  4.3
  4.3
  4.0
  4.3
Jeremy Sawyer

Very powerful Loan management software

Used daily for 2+ years
Reviewed 2020-03-10
Review Source: Capterra

The ability for us to create our own custom platform to manage loans is great and the support has been amazing.

Pros
NLS is very customizable down to the field level. You can add scripting to many areas allowing you to create a powerful user platform to serve your needs

Cons
Upgrades can be troublesome depending on the level of customization done. It requires much testing in a development environment.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Carolyn Smith

Review

Used daily for 1-2 years
Reviewed 2020-03-10
Review Source: Capterra

The overall experience has been amazing! The Nortridge team has been awesome to work with, and we truly feel they are concerned about our overall needs as a company to not only maintain but grow into areas we weren’t able to in our legacy system.

Pros
The ability to customize almost everything

Cons
The limited options on branch security and reporting.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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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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Joel Kennedy

Nortridge for Loan Servicing

Used daily for 6-12 months
Reviewed 2020-03-10
Review Source: Capterra

Outstanding. I was able to bring up one seat when my business was small, and grow that easily and cost-effectively. The system is highly stable, well supported, and easy to integrate with and easy for collectors to use.

Pros
Ease of reporting, ease of setup and change management, outstanding loan accounting capabilities, value

Cons
Most CFOs would love to have a GL module

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Jeremy Finer

Nortridge for Loan Servicing

Used daily for 2+ years
Reviewed 2020-03-11
Review Source: Capterra

We are an indirect auto lender and NLS serves all of our needs at the present time, as well as far more options than we are utilizing at the moment. We look forward to growing and future implementations with NLS.

Pros
NLS requires extensive pre-planning to migrate and onboard data. This is a time consuming and detailed process. Once running, the software is unimpeachable in it's accuracy for account management and payment processing/tracking. There is ultimate flexibility with the system, so much so that it's difficult at times to conceptualize all the available options, but levels of assistance at Nortridge from support through the consulting team do offer excellent guidance with navigation and implementation of features.

Cons
It can be difficult at times to identify the origins of problems which makes fixes hard to implement. The program itself is rarely at fault; with the flexibility offered by the platform we frequently find issues generated by user errors on our end.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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The Nortridge Loan System pricing

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

Contact Nortridge Software for detailed pricing information.

The Nortridge Loan System features

API
Activity Dashboard
Multi-Currency
Reporting & Statistics

Accounting Integration (183 other apps)
Accounting Management (217 other apps)
Audit Trail (164 other apps)
Automatic Notifications (188 other apps)
Billing & Invoicing (217 other apps)
Compliance Management (230 other apps)
Customizable Reporting (190 other apps)
Data Import/Export (218 other apps)
Electronic Payments (193 other apps)
Expense Tracking (174 other apps)
Financial Analysis (160 other apps)
Invoice Management (260 other apps)
Invoice Processing (175 other apps)
Real Time Data (167 other apps)
Third Party Integration (259 other apps)
Workflow Management (186 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 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.