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Loan reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

Best Loan Software

Loan software, also known as loan management or lending software, automates and manages the loan lifecycle from origination to servicing, from processing to collections. The scope of loan software includes loan refinancing, restructuring, and disbursement; credit scoring; and account processing. Because loan software automates the loan portfolio cycle, typically electronically, the software gets rid of a paper workflow, as well as minimizes error and effort when tracking and reconciling loans across enterprises and stockholders.

Loan software offers a holistic view of borrower transactions on a single platform, regardless of the type of loan, size of business, or industry regulations. The unified platform stores loan data, integrates with existing automation tools and other resources, and scales when necessary. The software manages documents, contract creation, and execution of loans, as well as provides performance analysis to maximize the user’s financial and operational performances. Loan software is designed to control risk, better customer interaction, configure loan products, lower operating costs, provide analytics, and create dashboards and reports. Loan software can either be deployed in the cloud or hosted as a software as a service. It integrates with CRM and BPM software to create efficiency.

To qualify for inclusion in the Loan category, a product must:

Store loan data and documents for lenders to easily access and share
Automate recurring front-end and back-end tasks
Allow the creation, modification, and termination of loans and contracts
Generate customer payment
Automate fee and transaction calculations
Manage third-party brokers and investors
Conform to industry regulations and business processes
Create dashboards and reports that provide metrics about loan performance

Top 10 Loan Software

Information
  • Floify
  • Encompass Digital Mortgage Solution
  • LendingPad
  • Snapdocs
  • TurnKey Lender
  • Student Loan Servicing System
  • Encompass360
  • OnlineApplication
  • FIS Commercial Lending Suite
  • BNTouch Mortgage CRM

Compare Loan Software

G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
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(31)4.9 out of 5
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Floify is an automation solution for the mortgage industry that streamlines the loan origination process by providing a secure communications and document management portal that is shared between lenders, borrowers, real estate agents, referral partners, and other loan stakeholders. Mortgage brokers and loan officers use Floify to digitally collect and verify borrower documents, track loan progress, communicate with borrowers and real estate agents, and close loans faster and easier than ever.

Encompass is Ellie Mae's all-in-one integrated solution that covers the loan lifecycle and provides one system of record so you can close compliant loans.

(27)5.0 out of 5
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Entry Level Price:$40/user/month Information

LendingPad Corp provides a complete suite of loan origination solutions for mortgage brokers, lenders, banks, and institutions. LendingPad is designed to streamline lending operations, strengthen communication, and reduce costs in mortgage lending. The cloud-based solutions include end-to-end features such as the borrower portals, MLO app, document management, origination, processing, and fulfillment functionalities. LendingPad is a winner of the 2019 HousingWire's Tech100 award and one of the

(13)4.7 out of 5

Snapdocs is a digital closing platform that connects lenders and settlement so each can efficiently manage their closings and offer a referral-worthy experience for their shared customer, the borrower. Powering over 2,000,000 closings a year, Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing--whether wet, hybrid, or fully eClose.

(18)4.7 out of 5
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TurnKey Lender is a global ULM (Unified Lending Management) leader. The company designs and develops intelligent award-winning software products that automate the entire lending process. The solution's capabilities cover traditional and alternative lending, SME financing, grant management, money lending, leasing, trade finance, in-house financing, and more. TurnKey Lender serves customers in 50+ countries, and the list keeps growing. As a pioneer in the development of AI software for lenders, T

Student Loan Servicing System provides customer service on your federal student loans, so this tool answers your questions, offers solutions if you're having trouble paying, and processes your payments.

(18)3.9 out of 5

Encompass360 is a way of managing loan origination process that dramatically improves the way your business functions.

(13)4.8 out of 5

We are a saas mortgage platform that allows banks and brokers to deliver rapid origination mixed with the important elements of the process - compliance, AML/KYC, AI driven decisioning, credit scoring and packaging of a loan (and where available automated underwriting).

With FIS Commercial Lending Suite, you can choose from a complete solution for the entire commercial loan process with built-in workflow and analytics or specific modules based on your individual needs to deliver an exceptional customer experience and reduced costs.

(15)4.2 out of 5
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Entry Level Price:$69 Information

BNTouch Mortgage CRM is a fully integrated Digital Mortgage system, CRM, marketing, and POS tool offering a comprehensive mortgage business growth platform for loan officers and mortgage companies. Features Include: - Email and SMS Marketing Automation - Lead Distribution and Management - 35+ Proprietary Mortgage Tools - Digital 1003 Application - Pre-Built Marketing Content - Customized Video Marketing - Curated Social Media Content - Integrated with LOS, Outlook, Zapier, and Others - And Muc

(23)3.8 out of 5

Calyx® is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its online borrower interview, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels, and complexities. Combined with its extensive network of integrated p

(14)4.6 out of 5

Finflux is SaaS based lending platform that offers all-in-one solutions for needs of loan origination, loan management, financial accounting, marketplace integration, app based lending, alternative data based credit scoring, dashboards & reporting and analytics. At present we are serving about 4+ million borrowers with active loan portfolio of $3.2 billion. FinFlux is a fast-growing lending platform which offers classic and bespoke solutions. We can serve myriad institutions ranging from wh

(12)3.7 out of 5

Calyx PointCentral is a mortgage platform that offers potent administrative control in a single centralized database providing data integrity and reporting features to help manage your business practices and processes.

(15)4.8 out of 5

Use TValue amortization software to structure loans, loan modifications, leases,troubled debt restructurings (TDRs), and to solve any time value of money calculations in seconds.

(13)3.6 out of 5

For banks, credit unions, credit union service organizations and IMB’s who are retail, wholesale and correspondent lenders, MeridianLink Mortgage (formerly LendingQB) is a mortgage loan origination software that is SaaS-based, web-based, seamlessly integrates with over 250 vendors, has complete underwriting, pricing, decisioning and funding capabilities and is supported with best-in-class customer support.

(8)4.8 out of 5

Jungo provides financial industry experts with marketing, co-marketing, compliance, and CRM solutions from one login. It is a one-stop-shop solution, integrating with thousands of leading platforms to give clients the ability to track, interact with, and market to all of their contacts.

(11)4.9 out of 5
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SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents, and settlement service providers throughout the homebuying process. The platforms’ native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings – all

(8)4.5 out of 5

From individuals to enterprise lenders, Surefire CRM helps thousands of mortgage lenders and mortgage loan officers win new business, earn repeat business and gain referral business with intuitive, “set it and forget it” workflows and award-winning content that inspires emotional connections with customers.

(5)2.5 out of 5

LaserPro is a consumer lending solution that allows you to process consumer applicaitons from cross-selling to closing, while maintaining loan documentation compliance.

(5)3.7 out of 5

LendingSpace is a loan origination solution that helps you manage your correspondent lending channel and move loans to the secondary market.

(5)3.7 out of 5

MeridianLink Consumer, formerly known as LoansPQ®, is the industry's leading loan origination system, providing a full loan product suite to banks and credit unions. As a single loan origination system, MeridianLink Consumer consolidates and streamlines applications from all channels, applying the same rules and processes to ensure a streamlined process for bank and credit union staff and a world-class consumer experience for members and customers.

(5)4.6 out of 5

LoanPro is a cloud-based loan servicing and management platform that is flexible, powerful, and reliable. LoanPro features include payment solutions, data management, customer communication, and reporting functionalities. LoanPro's data management features include verification tools, storage, and live amortization. LoanPro also allows users to create their own website that can accept online loan requests. LoanPro offers the only truly API-based, mid-market and enterprise lending solution in the

(4)4.5 out of 5
Entry Level Price:$79/Month 1 License/MonthInformation

Loansifter by Optimal Blue operates the mortgage industry's digital marketplace which connects lenders, investors and providers with comprehensive secondary marketing solutions, market leading capabilities and value-added services that deliver results.

(4)2.9 out of 5

Mortgage Builder provides enterprise mortgage software solutions for today’s lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders – from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today’s mortgage prof

(3)3.5 out of 5

Auxmoney is an online peer-to-peer loan marketplace.

(3)3.2 out of 5

BytePro is a mortgage loan origination software.

(4)3.7 out of 5

CADENCE enables lenders to manage factoring, invoice discounting, asset based lending, and more on a single platform.

(5)5.0 out of 5

Centrex Software is a consumer and business finance dedicated CRM and loan servicing software platform for brokers, direct funders, and investors. Rid yourself of trying to string multiple technologies together to run your finance business. Centrex brings everything that you need all under one roof. From CRM, email and SMS marketing, website integrations, deal opportunity management, to pulling credit, bank statements, ACH processing, servicing, accounting, broker portals, and client portals

(3)4.3 out of 5

For over 50 years, CoreLogic has been offering credit reporting solutions to the mortgage industry.

(3)4.7 out of 5

Decision Lender is an internet based SaaS system that automates origination of consumer loans for cars and other purchases like boats and RVs.

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Check out the G2 Grid® for the top Loan Software products. G2 scores products and sellers based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. Together, these scores are mapped on our proprietary G2 Grid®, which you can use to compare products, streamline the buying process, and quickly identify the best products based on the experiences of your peers.
Leaders
High Performers
Contenders
Niche
Snapdocs
Calyx Point
Calyx PointCentral
FIS Commercial Lending Suite
Encompass Digital Mortgage Solution
MeridianLink Mortgage
TurnKey Lender
TValue
Student Loan Servicing System
Floify
BNTouch Mortgage CRM
Encompass360
LendingPad
Finflux
OnlineApplication
Market Presence Information
Satisfaction Information