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Sageworks Lending Reviews & Product Details

Sageworks Lending Overview

What is Sageworks Lending?

Reduce loan origination costs and lending inefficiencies with Sageworks Lending and Credit software. Borrowers are looking for a quick turnaround on their loan applications and loan officers want loans that will stand up to loan-review scrutiny. Abrigo's lending software allows financial institutions to grow revenue and increase efficiency. The products making up Abrigo’s loan origination software enable automation of the processes most important financial institution teams while replacing data silos. These solutions combine for greater data efficiency and reporting power for the institution, paving the way to insights, scalability for growth, and digital revenue expansion.

Sageworks Lending Details
Languages Supported
English
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Product Description

Sageworks Lending & Credit allows banks and credit unions to book loans more quickly without neglecting the quality of the portfolio.

How do you position yourself against your competitors?

Lending software on one system that supports multiple loan types and scales with you.

Many financial institutions use an array of siloed, one-off systems to support their various loan products and types. With our lending software, banks and credit unions evaluate business and personal loans on the same system. Lending teams receive more consistency and insight across the portfolio.


Seller Details
Seller
Abrigo
Year Founded
2000
HQ Location
Austin, TX
Twitter
@weareabrigo
2,654 Twitter followers
LinkedIn® Page
www.linkedin.com
766 employees on LinkedIn®

Heather S.
HS
Overview Provided by:

Recent Sageworks Lending Reviews

John G.
JG
John G.Mid-Market (51-1000 emp.)
5.0 out of 5
"Versatile Operating & Origination System"
Sageworks Lending is a solid "catch all" loan origination system, that enables various sections of underwriting/lending staff to get their jobs don...
JG
Jenn G.Small-Business (50 or fewer emp.)
5.0 out of 5
"Credit Manager"
The continued enhancement or upgrades the system provides us, along with supportive training
Kristy Y.
KY
Kristy Y.Small-Business (50 or fewer emp.)
5.0 out of 5
"Highly recommend"
Very versatile, intuitive product modules. Great customer service.
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Sageworks Lending Media

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56 Sageworks Lending Reviews

4.6 out of 5
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56 Sageworks Lending Reviews
4.6 out of 5
56 Sageworks Lending Reviews
4.6 out of 5

Sageworks Lending Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Sageworks LendingQuestion

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.
John G.
JG
Senior Underwriter
Banking
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Sageworks Lending?

Sageworks Lending is a solid "catch all" loan origination system, that enables various sections of underwriting/lending staff to get their jobs done in a centralized place. From customer profile creation, to underwriting, to approval, then closing, the Sageworks Lending platform provides us, as end-users, with a clean step-by-step process that allows us to effectively and consistently originate loans for our customers. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

From a operating system/platform standpoint, I haven't encountered any issues with Sageworks Lending that I would outright say that I dislike. There can sometimes be a slight lag (or lull) in the systems speed, but I think that has more to do with the overall number of users that are logged in and working in the platform at any given moment. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Sageworks Lending provided our organization with a centralized system in which we can all operate within and underwrite/originate our customers loan requests. The benefit provided is the fact that it's made our underwriting more consistent throughout our organization, plus if the step-by-step processes are followed correctly and consistently then our overall erorr rate per loan request drops significantly. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Sageworks Lending?

As a credit analyst, I like that Sageworks has helped my bank get our financials and presentations to be more easily accessible, organized, and standardized across different bank branches. The customer service and training were very high quality. I appreciate the frequent webinars and updates on their website to keep their customers in the loop about improvements and changes. They take suggestions and continue to make the product more useful. I use Safeworks every day in my job duties. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

It is so advanced that some employees are lagging behind on learning to use all the features and getting on-board with the rest of us, but I don't think this is Abrigo's fault. It did take us about a year to learn and get comfortable with it, but it's been worth it, and the more you use it, the easier it gets. Sometimes there are bugs in the system, but since customer service is easy to work with, we usually get them figured out. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

We have various bank branches that were all doing their credit analysis differently and we really wanted to standardize it more. Abrigo Sageworks has helped us get on the path toward doing that. Review collected by and hosted on G2.com.

Michael S.
MS
Vice President - Senior Credit Analyst
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Sageworks Lending?

Sageworks is extremly easy to use. There is alot of customization options to fit the needs of your organization and increase productivity. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

There are some options that they could make a little more intuative but the support team is always helpful to find an alternative and suggest the idea to the product development team. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Sageworks provides a platform to house our analysis, documents and anything related to the loan servicing. It makes it easier to provide excellent customer service to the lending staff with consistent analysis. The ease of locating past spreads and work, allow the analysis to have a better ability to pick up from the last analysis. Review collected by and hosted on G2.com.

Rebecca R.
RR
Senior Credit Officer, AVP
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Sageworks Lending?

The most helpful part of the Sageworks platform is that it has allowed us to acheive a much more uniform process across the lending process from app to audit. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

I really have zero complaints about the program. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

It is allowing us to become more uniform and efficient. Our days to close a loan has reduced by half since implementation. Also, the data collection allows for so much more reporting than we've ever been able to acheive before. Review collected by and hosted on G2.com.

Response from Libby Sharman of Sageworks Lending

Rebecca, thank you so much for the review and your feedback! We appreciate the kind words, and if you have any other input, feel free to contact us directly! I'm at Libby.Sharman[@]abrigo.com.

JG
Senior Credit Administrator
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Sageworks Lending?

The continued enhancement or upgrades the system provides us, along with supportive training Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

At times the system can be a bit sluggish and the standard report could use more formating enhancement capabilities Review collected by and hosted on G2.com.

Recommendations to others considering Sageworks Lending:

I would recommend it based on thier easy to use system and great customer service team. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Having one system for all department users and seeing what stage your loan is at during the process. Review collected by and hosted on G2.com.

Response from Jackie Myers of Sageworks Lending

Thank you for your review, Jenn. We are glad to hear that you have found Sageworks enhancements and training beneficial. We always enjoy getting feedback directly from those that use our product. We have taken your recommendation of increased site speed and standard report input to our Product team.

If you have any additional feedback to provide, please email me directly at jackie.myers@abrigo.com. Thanks again for your feedback.

SO
Credit Analyst
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Sageworks Lending?

Credit Analysis, Standard Report, pipeline tracking, ticklers, correspondence, secure portal, customer service. There enhancement webinars are wonderful. They are consistently listening to their users and making enhancements that are based on user feedback. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

I haven't encountered anything to date with the product. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Sageworks has streamlined our workflow and underwriting and approval processes. It has saved many hours for our department. Review collected by and hosted on G2.com.

NW
VP Commercial Lending Officer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Sageworks Lending?

Sageworks allows for a consistent, reliable analysis tool that assists lenders in producing accurate analysis in order to make their decisions. Customer support is excellent. A very comprehensive software lending platform that can streamline the lending process Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

Seems to be too many modules and add ons. I believe some modules should be combined (bundled) and not allowed to be separated. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Sageworks provides a consistent, reliable analysis tool which allows our lenders to make informed decisions Review collected by and hosted on G2.com.

Brandi G.
BG
Vice President, Loan Administration Officer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Sageworks Lending?

The ability to track a loan from application to close. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

report writing can be difficult but customer service is remarkable. I just wish I could figure it out on my own. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Tracking exception and reports Review collected by and hosted on G2.com.

Kristy Y.
KY
Chief Risk Officer (CRO)
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Sageworks Lending?

Very versatile, intuitive product modules. Great customer service. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

Sometimes slow to integrate suggestions. Review collected by and hosted on G2.com.

Recommendations to others considering Sageworks Lending:

None Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

Makes global cash flow, ticklers, and covenant monitoring a breeze. Review collected by and hosted on G2.com.

Response from Libby Sharman of Sageworks Lending

Kristy, thank you for taking the time to leave us this review! We appreciate your feedback. Global cash is never fun, so I'm glad to hear the Sageworks products is making your work a "breeze" where possible. If you have any other feedback, feel free to reach out to me directly at libby.sharman[at]abrigo.com.

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Sageworks Lending?

It is very interactive and easy to use. It has great software. Review collected by and hosted on G2.com.

What do you dislike about Sageworks Lending?

It can be overly complicated. Its not as useful if you only have very simple loan requests. Review collected by and hosted on G2.com.

What problems is Sageworks Lending solving and how is that benefiting you?

It solves how to take something from begining to close and have confidence in the results Review collected by and hosted on G2.com.