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LoanPro Reviews & Product Details

Verified User in Marketing and Advertising
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LoanPro?

Easy to uses. The integration options are also a huge advantage, as it connects well with other software and tools, which simplifies managing data across platforms. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

The interface can feel a bit complex and overwhelming at first, especially for new users. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

LoanPro solves several key issues by centralizing loan management and automating complex tasks, which is a huge benefit. Review collected by and hosted on G2.com.

LoanPro Overview

What is LoanPro?

LoanPro is the only scalable API-first, modern lending and credit platform, which enables lenders to innovate quicker, bringing lending programs to market that drive profitable loan growth while optimizing operational efficiency. LoanPro enhances every lifecycle step of the lending journey with loan servicing and management, payments, collections, and data access all built on a modern lending core. Our uniquely scalable, cloud-native architecture unlocks the ability to service and manage virtually any class of loans and credit cards, equipping lenders with the tools to stay ahead of market trends, meet customer needs, and drive meaningful growth. With automated workflows, robust configuration tools, and compliance guardrails, LoanPro boosts your operational efficiency by embedding your business logic into a single, cohesive platform. LoanPro was built by lenders, for lenders. We understand the unique roadblocks and challenges that come with the territory and have a proven history of overcoming them. Let’s turn your big ideas into reality.

LoanPro Details
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Product Description

LoanPro Loan Servicing Software simplifies your lending business by automating processes and workflows. LoanPro gives you a lot of options that help you compute an accurate amortization schedule.

How do you position yourself against your competitors?

In an industry where new and exciting innovations come to life seemingly overnight, you need software that not only keeps up but sets the pace.

Our people get lending. They're the are the best at what they do and are sought after not just for their knowledge about LoanPro, but their experience in lending and the valuable consultations they can provide.

Service multiple lending types within LoanPro. Our configuration-first approach gives you products specific to your needs to run a successful lending portfolio.

Need to make a quick pivot? What happens when new lending products such as Buy Now Pay Later emerge and you want to add them to your offering? Configuring new loan types within LoanPro is as easy as flipping a switch.


Seller Details
Seller
Simnang
Year Founded
2014
HQ Location
Farmington
Twitter
@loanpro365
15 Twitter followers
LinkedIn® Page
www.linkedin.com
214 employees on LinkedIn®

Sid S.
SS
Overview Provided by:

Recent LoanPro Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Very good"
Easy to uses. The integration options are also a huge advantage, as it connects well with other software and tools, which simplifies managing data ...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Great APIs and intuitive UI"
Is very easy to use the available API and there are some good integration with payment processors and communication services like sending notificat...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
3.0 out of 5
"Serviceable Customizable Solution"
They offer a lot of customization in terms of data models. They have even helped us get set up for being able to access our data directly for makin...
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LoanPro Media

LoanPro Demo - Loan Manager Statistic View
Statistic view for the new loan manager
LoanPro Demo - Loan Manager Dashboard
New Loan Manager Dashboard
LoanPro Demo - Summary
Summary Dashboard
LoanPro Demo - New Loan
New loan creation step
LoanPro Demo - Loan Terms
Setting up terms
LoanPro Demo - Admin Stats
Admin stats dashboard
Answer a few questions to help the LoanPro community
Have you used LoanPro before?
Yes

18 out of 19 Total Reviews for LoanPro

4.2 out of 5
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18 out of 19 Total Reviews for LoanPro
4.2 out of 5
18 out of 19 Total Reviews for LoanPro
4.2 out of 5

Overall Review Sentiment for LoanProQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LoanPro?

They offer a lot of customization in terms of data models. They have even helped us get set up for being able to access our data directly for making our our reports/APIs and other needs.

We have good direct access to the LoanPro team for troubleshooting and questions and people respond quickly. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

The customization also leads to some confusing data structures and not always easy to know where to find what we need. There's not always consistency between the data/APIs. While we've worked out some better communication patterns, we find things will break with. No notice of changes other than our systems error and we have to ask "did something change?" When we get direct access to folks on the technology side, things do tend to go a bit smoother.

The UI is not super intuitive (in my opinion) and feels a bit dated. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

A loan servicing platform. API integrations to our systems, reporting, internal administration access and supplying access to our customers. Review collected by and hosted on G2.com.

Verified User in Financial Services
EF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LoanPro?

LoanPro's biggest strength is in its people and in ease of Implementation. The LP Team has been great to work with and is always very responsive to our needs. I have yet to encounter a situation or question that they wer eunwilling to work through with us. Everyone I have worke dwith has been a great partner, always takign the time to ensure we have waht we need. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

There really is not much to dislike. When we first began using LP, there were times that the navigation was not as intuitive as I had hoped, but as their product (and our experience) evolves, the navigation seems to as well. They certaonly do not have the "if it is not broke don't fix it" mentality, as they often push out enhancements and features to aid in ease of use. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

LP helped us take our loan product to market quickly and allows us to service our portfolio efficently and confidently. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LoanPro?

What I appreciate about LoanPro is their extremely friendly and helpful account support. I worked with a really excellent team of people who worked very diligently to ensure that I understood any issues with my portfolio and how they could be best resolved. If there was anything that required troubleshooting, my account management team would make themselves available for calls to ensure that the solution was understood by both parties. It is from their partnership that I credit my loan servicing knowledge - they made me better at what I already do and that level of detail is invaluable. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

It took some time to build up the best communication pathways that worked for both of our teams. However, once we communicated those standards, we were able to troubleshoot quicker and discuss needs more efficiently. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

Since my company doesn't have an in-house software, LoanPro is able to effectively fill the gap. Review collected by and hosted on G2.com.

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

Is very easy to use the available API and there are some good integration with payment processors and communication services like sending notification to our customer after an specific event is triggered. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

Some APIs are locked or not well documented, but the IT team can help with that. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

API first LMS and automating some part of the servicing. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about LoanPro?

Highly customizable, we rely a lot on their APIs and love the robustness of their integrations. They have a great team too with good response times. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

No comments really, if we were to not use their APIs, I think the platform would not be as useful to us. But this is not the case. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

Automate loan servicing Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about LoanPro?

LoanPro customer service support is always quick to repsond and very helpful with our requests or questions. The software is easily customizable and the API functionaliy makes for seamless integration. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

Not the most intuitive software, but the rebost knowlege center contains most information needed. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

The new line of credit feature will be helpful for our portfolio moving forward. Review collected by and hosted on G2.com.

Rajat B.
RB
Technical Resource Specialist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LoanPro?

Robust and user-friendly APIs for feature development and implementation. A contemporary user interface for everyday use. Outstanding assistance from devoted account managers with in-depth expertise of loan servicing. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

Understanding all the features and functionalities requires some learning.Occasional key rotation is necessary.Constantly need to stay current with releases. They have a partnership with a particular business, so you can only use the services they provide and not the business you prefer. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

We've been using this software for approximately six months, and we're continuously learning. However, every time we run into a difficulty, it is resolved extremely quickly. Review collected by and hosted on G2.com.

Nikhil M.
NM
Manager HR
Import and Export
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LoanPro?

Good option for Loan, ease to use. and help to manage finacials Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

not as such. everything looks good so far. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

I was stuck in financial issues Loanpro not only help but also give solution & guidance. Review collected by and hosted on G2.com.

Anjuman .
A
Data Scientist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LoanPro?

The clear terms and service they provide is very helpful Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

There is nothing to dislike. They have seamless customer service and they have clear clear terms that help users. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

It has loan servicing, payments and borrower relationships wrapped in one stop solution which is a great innovation Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about LoanPro?

There's truly nothing I like about this software. Its interface is terrible, nothing is intuitive AND they bill you for support but never fix anything. Review collected by and hosted on G2.com.

What do you dislike about LoanPro?

EVERYTHING. We're going to get rid of this software as soon as we can. We're a tech company so I can promise the issue is not our ability to use technology. We were "sold" on a software that was "highly customizable," but every time we try to customize something we're told "sorry, that's not customizable." My question is what is customizable???? I truly couldn't be less satisfied with this software. If you're considering LoanPro as a solution, don't. To reiterate: not only does support bill for their time, they also don't fix anything. Save yourself the time and money and find a different LMS. Review collected by and hosted on G2.com.

What problems is LoanPro solving and how is that benefiting you?

It was supposed to help us service loans. Speedchex/ACHq (the processor we integrated into LoanPro) is great, LoanPro is not. We will eventually cancel our contract with LoanPro but keep our contract with Speedchex/ACHq. Review collected by and hosted on G2.com.