PrecisionLender Reviews 2025: Details, Pricing, & Features

Claire M.

Senior Profitability Analyst

Mid-Market(51-1000 emp.)

Validated Reviewer

Review source: G2 invite

Incentivized Review

May 14, 2024(Original Oct 19, 2021)

"It has given us the ability to price competitively while still being profitable."

What do you like best about PrecisionLender?

Andi, is a beneficial tool in Precision Lender that gives lenders suggestions on how to get a loan's ROA to or above a specific threshold. It allows lenders can go onto the web-based software and price a loan multiple ways until they find the optimal choice for the client. Review collected by and hosted on G2.com.

What do you dislike about PrecisionLender?

The assumptions behind some of the expenses and fees that go into the pricing of a loan are not easily visible to the lenders when pricing the loan. Review collected by and hosted on G2.com.

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

Loan officers can price loans competitively and still lend while making a profit. Loan officers can see where they need to tweak some fees, rates, terms, etc., to reach a goal. Review collected by and hosted on G2.com.

Show Less

Helpful?

Admin Approval Link

Verified User in Investment Banking

Enterprise(> 1000 emp.)

Validated Reviewer

Review source: G2 invite

Incentivized Review

Nov 04, 2018

"Manage your credit risk with Precision!"

What do you like best about PrecisionLender?

This is the best product if you want to fuel loan growth and promote competition among bankers within your bank. Not only does this tool help you to price your loans but your deposits as well. For these reasons, I am a huge fan of this tool. Also great is that it lets you know the live feed of rates. So rates like Libor are up to date Review collected by and hosted on G2.com.

What do you dislike about PrecisionLender?

Sometimes the real time feed of rates cannot be so real time. This is particularly concerning because we are moving away from rates like Libor and banks may need to switch to things like SOFR. It will be interested to see how Precision lender responds to these changes in the market although I am not holding my breath Review collected by and hosted on G2.com.

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

The ability to price loans with the deposits that back them is the huge trouble we overcome with this tool. It also allows us to map our loans back to the funds transfer pricing that our business gets from our central treasury group at our bank Review collected by and hosted on G2.com.

Show Less

Response from Corey OBerto of PrecisionLender

edit

Nov 19, 2018

Thanks for your feedback about PrecisionLender! It definitely makes a difference when you can pull in deposits and other non-credit products to see the full picture of profitability on a relationship.

You’re right that our rates are not “real-time” as we receive them at the end of each business day when they’re published and reflect the changes the following day. Also, we’re hearing about SOFR from our clients often these days, and we’re working through a way to include this update in our product road map. If you’re interested in helping us improve or test new features, please connect with our support team at support@precisionlender.com. We look forward to hearing from you!

Helpful?