Archives: FAQ's

May 31, 2021

What Types of loans can one manage through software?

A lending management software should support multiple products for unsecured consumer and unsecured business lending typically Merchant Cash Advance or Factor based product, term loans, line of credit, portfolio based loans- used for Supply Chain Financing. At the loan level the loan software for lenders[...]

May 31, 2021

What is a loan life cycle?

The typical loan life cycle in origination is application submission to disbursement. For a loan management software, the lifecycle starts from disbursement and ends in payoff. The various function performed by a loan management system software in the loan life cycle are: Loan Onboarding with[...]

May 31, 2021

Why choose Lendfoundry Loan Management software?

LendFoundry Loan Management Solution (LMS) helps lenders manage loan servicing digitally while offering scalability, security, speed and enhanced customer experience. Its API based design allows onboarding loans from any Loan Origination System (LOS) and serves as a system of record across multiple loan classes. You[...]

May 25, 2021

What is Loan Management System?

A Loan Management System Software helps in tracking and managing loans. There are a variety of loans provided by a lender be it in product offering viz. consumer loan, commercial loan, mortgage etc and within a product different loans might have different interest rates, payment[...]