The global management software market is expected to grow to USD 2.43 billion in the next few years. Driven by consumers who want quicker, better, and simplified processes, the loan servicing market relies on software solutions to address increasing expectations. Investing in the right loan management software can help respond to this consumer demand. It […]
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 […]
SALT LAKE CITY, Nov. 9, 2021 /PRNewswire/ — LoanPro, a tech-forward leader in loan servicing software, today announced an agreement with Finicity, a Mastercard company and leading provider of open banking solutions. LoanPro will utilize consumer-permissioned data and smart analytics from FinicityPay solutions to verify account ownership, fund loans, and mitigate payment failure and fraud. Finicity’s commitment […]
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! Our success is not limited to just the software […]
