What is Loan Management Software?

Loan Management Software helps commercial financial services firms manage all loan related operations.

This includes risk management, loan calculations, loan origination, servicing, processing, tracking, credit reporting, and opportunity analysis.

Loan management solutions help manage the entire lending process from start to finish. They can be general and all-purpose in nature, or may focus on a particular sector (e.g., real estate, construction lending).

Lenders and financial institutions use loan management software to automate tasks and calculations to more efficiently complete the loan origination and loan servicing process. This can help reduce risk and consolidate loan activity under one particular system.

Some contain an online borrower portal, enable communication between lenders and borrowers, and allow lenders to view their entire loan portfolios.

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