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 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 […]
We value your voice LoanPro believes that constant improvement is paramount for the success of our product as well as the success of our customers. We fight complacency at every turn through a process that amplifies your voice. This process isn’t simply a suggestion box, where papers get stuck in corners and ideas are lost […]
Fundbox, Event Sourcing and LoanPro LoanPro is being utilized in unique and exciting ways. Because of LoanPro’s adaptability, there are seemingly endless integrations and use cases for the different features we offer. One such tool is the calculations tool that Fundbox references in a recent article about event sourcing combined with the LoanPro stateless calculator. […]
NPS and eNPS The NPS or “Net Promoter Score” is a common business metric used to measure the likelihood that your customer-base would recommend your product or service to others. It is measured by surveying customers with a 10-point satisfaction scale and subtracting the percentage of detractors or responses below a 7 from the percentage […]
“The Lend” “The Lend” podcast is one of the premier ways to learn about lending solutions and innovations. Joseph Arnaud, discusses lending software and other services with industry leaders and disruptors in a mission to bring the best solutions to the forefront of the industry. Loan servicing software is the glue that holds lending organizations […]
