HubSpot is an AI-enabled, cloud-based CRM software designed to support businesses of all sizes in their growth journey....
Software Advice offers objective, independent research and verified user reviews. We may earn a referral fee when you visit a vendor through our links.
Learn more
About LoanCirrus
LoanCirrus is a digital lending platform for lenders of all types, including consumer finance businesses, digital banks, credit unions, microfinance institutions, and others. The platform supports both in-branch and online borrower onboarding. LoanCirrus is designed to reduce the need for manual processes and paperwork when processing loan applications. Lenders can grant user permissions and define KYC (Know Your Customer) requirements within LoanCirrus.
The platform’s online onboarding functionality includes an online portal/website for customers. With the portal, customers can apply and reapply for products as well as track application status. With LoanCirrus, lenders can access multiple interest calculation methods, manage documents, build custom lending products, and manage borrower information. Other features include automated notification, event-driven email and SMS communications, penalty and fees management, plus more.
Pricing is on a monthly subscription basis and dependant on the number of active loans. Support is provided via an online help center, email, and other resources.
LoanCirrus pricing
LoanCirrus does not have a free version but does offer a free trial. LoanCirrus paid version starts at USD 1,000.00/month.
Starting Price:
USD 1,000.00/month
Free Version:
No
Free trial:
Yes
Alternatives to LoanCirrus
The Mortgage Office is a loan servicing solution designed for companies of all sizes. It offers loan tracking, payment...
Streamline your lending operations and drive growth with Mortgage Automator - a powerful loan origination and servicing...
The Loan Office is a cloud-based and on-premise loan servicing solution for enterprises of all sizes. It’s suitable for...
TurnKey Lender provides an end-to-end system that automates every step of the lending process, from the loan application...
Axe Credit Portal
0
AxeFinance is a lending automation solution provider designed for small to midsize financial institutions looking for...
LoanCirrus Reviews
Feature rating
5 reviews of 11
View all reviews
Sanjie
- Industry: Publishing
- Company size: 51–200 Employees
- Used Daily for 1-5 months
-
Review Source
5
Reviewed on 12/10/2017
Although the software requires a bit configuration the support team is responsive & knowledgeab...
The confidence to scale my business.
Access to industry relevant information.
Pros
1. I like that the software can be integrated with debt collectors.
2. I like that I'm able to rate my clients and assess the level of risk they pose based my predetermined criteria.
3. I like that it generates output documents such loan agreements and it also allows me to store my input documents such customer identification and proof of address all in one place.
4. I like that there's a free trial period before having to commit to subscription.
5. LoanCirrus allows me to access the same technology that much larger institutions have access to.
6. LoanCirrus is customizable.
7. The customer support team is always available, very knowledgeable and the turnaround time is impeccable.
8. The team publishes articles on industry trends, standards and how to use the application efficiently.
Cons
LoanCirrus requires a lot of configuration and as such it may take the user some time to get over the learning curve.
Verified Reviewer
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 07/01/2018
It's been an overall good experience so far. It's saved me so much time and money!
Saves money and time.
Pros
I didn't have to hire another employee because it covers so many bases in my business. It fills out application forms so I don't waste paper and I can work from anywhere . It's quick, easy, reliable and the interface is user-friendly. It's made such a positive difference in my business.
Cons
When loan numbers are randomly generated there is no way to identify, based on the number, when the loan was generated; they are not generated in chronological order. That has to be identified by the date that the loan was originated. It's a personal preference, but it would be nice if those numbers could be generated chronologically.
Michael
- Industry: Financial Services
- Company size: Self Employed
- Used Daily for Free Trial
-
Review Source
1
Reviewed on 19/10/2023
Communication is TERRIBLE. Scheduled appointment. They changed to 3 weeks later. Then no show.
stinks. Very unprofessional of the [sensitive content hidden]. If he's that unprofessional, how can I trust the software is well developed and will be well supported??
Pros
I haven't used it yet. But looks like some good features.
Cons
Communication is TERRIBLE. I scheduled an appointment. It turns out it was with the [sensitive content hidden], as the "sales guy." They changed to 3 weeks later without consulting me. Then I found an email asking me if I was going to show up. I responded, of course. But he responded that he canceled the meeting... after all that waiting to get a demo. They were one of the first Lending CRMs I tried to schedule with. I've met with over a dozen. They were the last ones on my calendar because they canceled and pushed me out 3 weeks. And then they canceled on me because I didn't respond quickly enough to an email asking if I STILL would be at the meeting. OF COURSE, I was. We agreed to it a long time ago. You didn't use an automated calendar tool to keep us connected. All was clear, though very pushed off. You act like it wasn't clear and so cancelled our meeting.
Melvina
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 25/12/2017
From inception; the Loan Cirrus team has been very helpful with transitioning during our...
Pros
I like the fact that the software is very user friendly and allows users to learn quickly. Also; the software is quite flexible meaning that the developers works well in trying to customize an instance as best as possible to accommodate their customers.
Cons
The least attractive part of Loan Cirrus is probably the fact that there is not one specific person who deals with everything but instead, there is a team of specialists. This is both a pro and a con because this means that they have persons specializing in different areas; however, depending on whether you have the several issues at the same time you'd need to communicate simultaneously.
Verified Reviewer
- Used Daily for 1-5 months
-
Review Source
5
Reviewed on 04/01/2018
It made developing our new lending operations extremely easy and cost effective
Pros
We absolutely loved the fact that as a startup, it provided a pricing model that allowed us to get access to a world class software at an extremely affordable price. The application was also fully packed with features and easy to setup. The Customer Success team was always available to help if we ran into any challenges
