Using loan servicing software can empower private lenders, credit unions, and other financial institutions to keep track of and collect debt more efficiently. However, these opportunities won’t come to fruition if you don’t know how to use the software correctly. It doesn’t matter how much better or more powerful the loan servicing software may be. […]
The Covid pandemic continues to have lasting effects on the consumer market. According to the Federal Reserve Bank of New York, consumer debt rose 2.1% in the second quarter of 2021, the biggest percentage in 7 ½ years. Debt consolidation platforms are growing rapidly as they fit the critical need of consumers, to get their […]
The 2008 financial crisis left the U.S. economy in shambles, and some of the biggest losers were lending departments. As a response to the crisis, the Federal Reserve cut interest rates to try and stimulate recovery, but this didn’t spur lending or economic activity as hoped. Bank lending finally started growing again in 2011 but […]
In the auto lending industry, numbers are everything. The more customers you lend to, the more revenue you can bring in. But, if you’re not working with a seamless loan management process, you’re never going to sustain a large number of borrowers, which means you’re not going to grow. The reality is that there are […]
Our People are Awesome LoanPro continues to develop its culture of amazing employees who are humble, hungry, and smart. As we continue to grow and expand the business it is a great opportunity for our team members to also learn, develop and grow into new opportunities. We believe that with continued growth we will continue […]
The Buy Now Pay Later Revolution It’s hard to ignore a splash this big. Buy Now Pay Later is an innovative new lending trend that has quickly spread in the financial services world. Among those leading the recent charge in the implementing this product into their portfolio are Goldman Sachs, with their $2.2B acquisition of […]
Congratulations Todd Jorgensen LoanPro is happy to announce the appointment of Todd Jorgensen to VP of Sales at LoanPro. Todd has extensive experience in both sales and leadership roles that we are confident will have a positive impact on LoanPro in both the short and long term. We are excited to have Todd’s experience and […]
The Industry Standard We’ve been busy. Busy building the best LMS on the market. That hasn’t gone unnoticed. LoanPro was recognized by Inc. 5000 as the 33rd fastest growing Software company in the Country. Our growth was measured at an increase of 1,785% over three years! Picking Up Steam Our success is not limited to […]
https://www.loanpro.io/wp-content/uploads/2021/07/LoanPro-Grand-Opening-Celebration.mp4 Our Grand Opening was a success! July 7th was a day filled with fun, friendship, and free food! Over 600+ LoanPro friends, family, team-members, and partners gathers at Station Park to celebrate the grand opening of our new office. In case you weren’t able to be there, here are some highlights! Capital Raise At […]
Farmington, Utah—July 7, 2021—LoanPro, a leading SaaS-based loan management, servicing and collections platform for alternative, fintech and traditional lenders, today announced it has raised a $100 million growth equity investment from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services, financial services, and payments and transaction processing companies. Through this capital […]
