Mortgage loan comparison software

All loans have something in common called an interest rate. The interest rate determines how much extra you must pay for the privilege of borrowing the money. The lower the interest rate, the less you will pay for the total loan. The interest is expressed as a percentage rate. You will also see listed an APR annual percentage rate which includes the interest rate along with any fees, and in the case of a mortgage, includes points and closing costs.

It can be fixed or variable. If fixed, you are guaranteed the same monthly payment throughout the life of the loan. There are no surprises. If variable, the rate can fluctuate according to the markets. Variable rates begin much lower than fixed rates and are therefore very attractive. The Mortgage Office is a loan servicing solution designed for companies of all sizes. It offers loan tracking, payment processing, document storage, workflow automation and reporting functionalities within a suite.

The product is Jungo is a cloud-based customer relationship management CRM solution catering to mortgage and real estate industries. The solution is built on Salesforce and helps professionals in the financial industry manage their marketing a OneSpan Sign. The solution enables users to secure access, manage identities, verify transactions and protect assets across financial, enterpri The Mortgage Office vs PhoneBurner. FileInvite vs Jungo. Floify vs SimpleNexus. OneSpan Sign vs UberWriter.

Get Advice. Other Software. Shape Shape's cloud-based solution offers tools designed to manage online marketing and promotions, capture leads from online sources, organize sales pipelines, connect with customers and automate everyday tasks. Visit Website Learn More.

Floify Floify is a cloud-based point-of-sale solution designed for the mortgage industry that helps automate and manage all processes of loan origination. LendingPad LendingPad is a cloud-based mortgage loan origination system LOS that helps businesses streamline and manage loan origination processes and improve customer experience.

MeridianLink Mortgage MeridianLink Mortgage, formerly known as LendingQB, is a loan origination solution designed to help organizations streamline processes for mortgage lending. Total Payment - -. Total Interest Payments - -. Loan Amount - -. Interest Rate - -. Repayment Period - -. Related Calculators. Add to Homescreen?

Install this web app on your phone :tap and then Add to homescreen. It allows to authenticate accounts, check balances, verify identity, validate income, Calyx Point. Calyx Software is a cloud-based loan servicing platform that helps users with loan and marketing processes. Crowdsofts is a white label crowdfunding solution for startups and non profit organizations. The cloud-based platform provides benefits such as workflow automation, powerful analytics, back office management, and flexible integrat Think of 9Spokes as a virtual advisor, here to motivate and guide businesses so they not only survive, but grow an FileInvite is a cloud-based file transfer and document collection solution designed for small and midsize businesses.

FileInvite provides file request management, document approvals, digital forms, pre-built templates, e-signature It provides features that are collaborative, smart, and easy to use, saving institutio Decision Lender is a cloud-based consumer loan origination solution that helps credit unions, banks and finance companies automate the lending process.

With configurable dashboard and analytics, the platform enables users to proce FileInvite vs Floify. SimpleNexus vs UberWriter. AutoPal Software vs Mortgage Automator. Calyx Point vs The Loan Office. Small business financial institutions, such as credit unions and community banks, have their work cut out for them. Alternative lending companies are giving tough competition to traditional banks, making it easy for small businesses to get loans.

In a Credibly survey of SMBs , How have these lending companies gained an edge over the traditional banking systems? The answer is digitization of the loan servicing process. Using a combination of tools, one of which is loan origination software, lending companies provide loans to small businesses more quickly, with turnaround times of just 24 hours. SMBs can achieve faster loan approval rates since software can automate different stages of the loan servicing cycle: starting from the time a borrower applies for the loan to the actual funding.

Financial institutions that use software to automate their loan origination process can make faster decisions and gain an edge over their competition. In this Buyer's Guide, we will look at the core features of loan origination software and understand how it can benefit your small business. What Is Loan Origination Software? Key Considerations. Loan origination software is a platform for centrally managing and automating different stages of the loan servicing cycle, i.

For instance, during the loan application stage, the loan officer can add a borrower's details—such as income, credit history and assets—to the solution's dashboard. The software speeds up the whole process of fetching a suitable plan from the loan portfolio by automating it.

Using loan origination software, businesses can process and approve loans faster. The tool offers many features to help businesses achieve this. The core features of loan origination software include an online loan application dashboard, loan portfolio management, document tracking and disbursement management. Besides the features mentioned above, these solutions offer mobile applications and integration with third-party tools such as accounting solutions. This allows businesses to expand the loan origination software's functionality.

The right loan origination software for you depends on the size of your business and the complexity of loan portfolios you offer. Figuring out your needs and finding the features you need are essential in getting the best-suited solution. To help you understand which solution you should choose, we've identified two types of buyers and their chief concerns.