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About LOANLEDGER
LOANLEDGER is a cloud-based loan servicing solution for enterprises of all sizes. It’s suitable for mortgage firms, financial firms, automobile lending banks, private lenders, governmental agencies, municipalities, venture capitalists, construction agencies and credit unions. Primary features include debt collection, accounting management, construction loan servicing, automatic fund distribution and reporting.
LOANLEDGER allows organizations to manage the loan servicing process from application to payoff. It also manages mortgages and rates, simple interest, commercial and construction loans and credit cards. Other features include audit trails, logs, detailed life-of-loan histories, multiple interest-calculation options, payoff scheduling and automatic tax return submission.
It offers integration with Calyx Software, eDominate, ScanOnce and more. Subscription pricing and perpetual licenses are available. Support is offered via phone, email, live chat and dedicated customer-support advisors.
LOANLEDGER pricing
LOANLEDGER does not have a free version but does offer a free trial. LOANLEDGER paid version starts at USD 4,000.00/one-time.
Starting Price:
USD 4,000.00/one-time
Free Version:
No
Free trial:
Yes
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LOANLEDGER Reviews
Feature rating
5 reviews of 10
View all reviews
Chuck
- Industry: Banking
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
5
Reviewed on 24/07/2017
Easy to upload and support staff is fantastic! Conversions and data entry has been very smooth!
Low cost with big results. This program does everything we need to service multiple loan portfolios including a wide range of reports. This keeps our investors up to date each day. There are several "modules" available that can be integrated into the base program that would give even more flexibility however they are functions we don't need. It's great to know however, that if we need them in an expanded capacity we have access to them.
Pros
This is the second company I have run and purchased this program for. My reasoning is simple, it is designed for the small to mid size servicer and not a tremendous amount of training required. If you can read you can use this system. Also, it has given us the opportunity to handle several companies at once without a huge cash outlay. My staff have been very successful using virtually all of the functions enveloped within this program!
Cons
The system is virtually identical to what I purchased 25 years ago and could use some updating in its' appearance. That said, it functions just fine!
Alicia
- Industry: Real Estate
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 29/09/2020
Intricate program, has all that you need but extremely costly and takes extensive training
A head ache. If you have the time and money the program can make life somewhat easier. I think there are better programs out there like Rent Manager, Apfolio, and Buildium that are still costly but not as frequent. They also base pricing off of number or users and clients. My personal Cost Free way to organise properties and accept payments with no fee to landlords is Innago.
Pros
Has all the features you'd want for clients, investors, property details, link to investor portfolio, amortizations , letters, and tons more.
Cons
The cost. Expensive to start. Must pay for frequent updates (very costly).
Also this system does a lot of piggy-backing of other programs like quick books, Microsoft word, etc. In order from the programs to communicate properly you need to code generic letters and more. If you can't figure it out yourself you must pay for support. I also find myself still double imputing all information between QuickBooks and loan ledger because they don't communicate payments nad coupons or the importation of the data properly.
sandra
- Industry: Public Policy
- Company size: 201–500 Employees
- Used Daily for 2+ years
-
Review Source
2
Reviewed on 28/11/2017
LOANLEDGER review
Pros
Cost efficient.
Since I have been using it for 9 years, it is easy for me to navigate.
Prints satisfactory reports.
Cons
customer support
the fact that it is NOT cloud based and I have to do the annual uploads.
We recently tried to move it off one server and on to another and we were left with NO customer support to do so. I was not able to access my database for over one week. It is scary,,,,,
we are actively looking for another company to service our needs.
Kristi
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 27/07/2017
I have had not issues with the software and find it very easy to use.
Pros
It is easy to use and somewhat user friendly. The software is easy to follow and has just the right features I need.
Cons
I wish I was able to print more than report at a time to my screen. If I forget to close out of one report and try to print another report I get an error message and get kicked out of the software.
Chris
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 06/12/2017
Loan Ledger is a great program. Customer Support is outstanding !
Pros
Easy to use and collect data. Saves a lot of time instead of doing a lot of this manually. easy to get annual interest on everyone
Cons
I dislike having to re-do everything each year. i have a hard time getting this done. i usually have to have customer support walk me through t each year.
