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Canopy Servicing Reviews & Product Details

Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Canopy Servicing?

The team at Canopy is great. They are responsive, and nice to work with Review collected by and hosted on G2.com.

What do you dislike about Canopy Servicing?

The product is severely underdeveloped in my opinion. Being a system of record for financial services is a tall order, and I think they are close to "MVP" level but not there yet. Quite a lot of basic functionality to manage accounts compliantly is missing Review collected by and hosted on G2.com.

What problems is Canopy Servicing solving and how is that benefiting you?

Managing customer loan accounts, at what I imagine is a more compelling price than incumbent options Review collected by and hosted on G2.com.

Canopy Servicing Overview

What is Canopy Servicing?

Canopy is a modern platform for managing and servicing business loans, offering flexible infrastructure for launching and scaling next-gen credit and lending products. Our API-first architecture ensures any brand can embed financial products, bring those products to market quickly, and support borrowers with world-class service in a highly secure and compliant way. With Canopy, business lenders, fintech, and SaaS providers can improve repayment rates, increase net promoter scores, and decrease the cost of servicing. Our automation sets agents up for success, while our partner ecosystem offers no-code/low-code integrations so you can launch with fewer developer resources. Canopy also enables unique features such as the ability to: ● Modify accounts in response to borrower needs ● Test product constructs and behavior ● Create multiple account policy sets ● View the results of real-time or retroactive calculations Whether launching a new lending product, scaling an existing one, or undergoing a migration, Canopy is your reliable partner. Our platform is designed to adapt to your business needs and help you achieve your goals. Learn more at canopyservicing.com

Canopy Servicing Details
Languages Supported
English
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Product Description

Canopy is the most configurable loan management and servicing platform. Our API-first architecture ensures any brand can embed financial products, bring those products to market quickly, and support those products with world-class service in a highly secure and compliant way. With Canopy’s real-time platform you can track the balances and transactions for each customer of your products and generate accurate statements for banks, credit bureaus, and regulators.


Seller Details
Year Founded
2019
Twitter
@canopyservicing
115 Twitter followers
LinkedIn® Page
www.linkedin.com

jess p.
JP
Overview Provided by:

Recent Canopy Servicing Reviews

Alex C.
AC
Alex C.Small-Business (50 or fewer emp.)
4.5 out of 5
"Canopy has been great to work with on supporting our lending product and being the source of truth."
Canopy has a flexible product that can solve various lending use cases. Easy to use API and platform that covers both implementation as well as ser...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
2.5 out of 5
"Enjoyable team to work with, but product is too rudimentary"
The team at Canopy is great. They are responsive, and nice to work with
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Canopy Servicing Media

Canopy Servicing Demo - CanopyOS
This central hub lets you view, manage, and finetune all your customer loan accounts.
Canopy Servicing Demo - Canopy Connect
Canopy Connect is an all-in-one workflow builder, designed specifically for lenders on a modern tech stack.
Canopy Servicing Demo - LoanLab
LoanLab allows you to simulate a loan's entire lifecycle, test different policies and actions, and observe the effects over time (and in real-time).
Canopy Servicing Demo - DataDirect
Using DataDirect, lenders can monitor all accounts in one system of record. The immutable database makes it easy to analyze borrower activity and get granular insights.
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1 out of 2 Total Reviews for Canopy Servicing

3.5 out of 5
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G2 reviews are authentic and verified.
Alex C.
AC
Head of Product
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Canopy Servicing?

Canopy has a flexible product that can solve various lending use cases. Easy to use API and platform that covers both implementation as well as servicing of our loan products. Review collected by and hosted on G2.com.

What do you dislike about Canopy Servicing?

They are just starting to build analytics and metrics on top of all of the data. As that expands we will be in a much better spot to leverage this instead of needing to build ourselves. Review collected by and hosted on G2.com.

What problems is Canopy Servicing solving and how is that benefiting you?

Being the source of truth and loan management system for our lending platform. We have been able to offboard a lot of the complex loan management capabilities to Canopy while building our platform around it to offer a great CX. Review collected by and hosted on G2.com.

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