Category: Loan Servicing
May 31, 2021
Why should you use a cloud based loan management software?
Automation and cloud computing have brought in a whirlwind of change globally and the financial services industry is no exception. Customers, too, are increasingly getting used to quicker processes, and turnaround time, therefore having a business model that supports such needs is indispensable for lenders,[...]
May 31, 2021
What are the features of best Loan Management System?
Loan management software, equipped with the latest technologies, prepped with analytics and disruptive tools like AI and machine learning can get more done in a shorter time, with better accuracy than a legacy loan management system to manage in today’s date. The features one should[...]
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[...]