LoanPro’s Loan Management System (LMS) is unlike any other loan servicing software on the market and focuses on the aftermath of lending. As the user, you deploy the funds, and the LMS will help you focus on getting them back through automated communication, lifecycle event wizards, collections, payoffs, and more.
Finding the best loan servicing software for your business is not an easy decision. As a business owner, LoanPro knows that you need reliable and trustworthy software. Here’s why you should choose LoanPro’s Loan Servicing and Management Software (LMS).
Unlike many other providers’ software, LoanPro will automate your tasks, notifications will be timely, and the lending process will be easy to follow. There is no need to update and catch up on anything—it’s all done for you, right in one spot.
Other providers don’t always make it easy to find what you need. With our LMS, you can easily access any information you need through reports or via the API. You’ll have your own database at the tip of your fingers, which means there’s no mystery behind your loans.
The LMS is not only a database for your loans, but can also be a one-stop for everything a lender needs. Through our LMS, you can be prepared for everything, including borrower interactions (e.g., paying early), data analysis, and more, all with support from our dedicated team.
LoanPro is a configurable, out-of-the-box platform with an enterprise focus. From the point of funding on, LoanPro helps you guide borrowers through the complete loan lifecycle, all the way to collections. The availability of your data through our API and dedicated database options works hand-in-hand with our feature set to accommodate loan servicing and payment processing on a large scale.
The LoanPro LMS is fully-automated software that leaves no room for error. As qualified as a loan servicing team may be, there is always the possibility of human error. Automation guarantees everything is done with complete accuracy, right down to the very last number.
Keeping track of collecting debt is one of the biggest challenges that comes with being a loan provider. It’s not uncommon for providers to end up in debt. However, LoanPro’s LMS can identify critical situations that tell you which accounts need to be collected immediately. Quickly identify where your money is, set payment dates, prevent delays, and much more.
Automation serves yet another vital role, and that’s to save you and your team time and money. Instead of spending crucial work hours posting payments, creating accounts, and leafing through important clients, LMS does it all for you. Tedious, day-to-day work that would typically take hours to research, document, and compute can be done in the blink of an eye. Suddenly, it becomes simple to process thousands of accounts.
With more time, more money, and fewer mistakes, you’re able to put your best foot forward and focus on connecting with customers. You can better spend your time servicing your clients and lead generation so that you can build a more significant client base, which in turn, means maximizing your revenue.
LoanPro’s Loan Management System focuses on the loan lifecycle after origination, emphasizing letting you create and configure wizards to fit your servicing processes. From the beginning to the end, our LMS includes funding, servicing/connections, payoff/closing and everything in between.
You already know that LoanPro LMS can help your business with data and time management by providing efficient, error-free outcomes. But beyond that, LoanPro also offers other important key features.