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What Is The Loan Office?

The Loan Office is a fully browser-based, affordable, easy to use, powerful software specifically designed for the small lender. Includes accounting integration, built-in document management, track loan charges and advances, recurring and event-driven reminders, unearned discounts, email statements and notices, incremental funding, conversation log, track insurance and senior liens, unlimited user-defined fields, Microsoft Office integration, and much more.

Who Uses The Loan Office?

The Loan Office was specifically designed to meet the loan servicing needs of the small lender. Ideal for mortgage lender, hard-money lenders, note servicers and consumer finance lenders.

The Loan Office Software - The Loan Office includes personal dashboards for users to view their Tasks, Loan Aging, YTD Revenues, and more.

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Reviews of The Loan Office

Average score

Overall
4.8
Ease of Use
4.7
Customer Service
4.8
Features
4.5
Value for Money
4.8

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
83%
4
15%
3
2%
Jorge
Jorge
Manufactured Homes sales in US
Verified LinkedIn User
Real Estate, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Great loan software

5.0 6 years ago

Pros:

I really like that you can have separate databases for customers depending on what company you're using. The ability to edit the letters , the reports, and the price

Cons:

That it doesn't integrate with an online account for the customer to view their balances and make their payments

Bruce
Owner in US
Banking, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

W're thrilled we left a full service servicer to switch to The Loan Office

5.0 5 years ago

Comments: We're a family office that manages approx 50 loans. We outsourced the back office functions to a major service provider for many year. We used to spend many hours monitoring all activity and then hours getting them to correct mistakes. The mistakes became so painful that we decided to take the chance to do it ourselves. Fortunately, we found The Loan Office. As it turns out, it takes no more time for us to enter the data ourselves into The Loan Office than it took to monitor and correct the outside service. Therefore, we're saving a lot of money without any downside. We feel better having more control. As a "small loan servicer", the reporting is less than was necessary because we were serviced to a large loan servicer. While we'd recommend that you do your homework to understand the features of The Loan Office, we're confident that The Loan Office will successfully do what it says it will do - what more can we ask.

Pros:

The software does all of the paper work that we need done to manage the loans. We have full data at our fingertips whenever a borrower has a question.

Cons:

The company sells a software program, the Mortgage Office, that's many many times more expensive than the Loan Office and has has more feature and capabilities. I guess the "con" of the Loan Office we purchased was that it doesn't include all of those features. However, the reality is that for our company, we didn't need any of those feature and we're very happy with The Loan Office as is.

Toni
Credit/A/R in US
Food & Beverages
Used the Software for: 1+ year
Reviewer Source

Equipment purchases - Loan

3.0 8 years ago

Comments: We are still getting use to the software. I have a new supervisor on board who is reviewing the equipment program at this time. We may decide to remove the old items and get on board/better handle with new items coming in year 2017

Pros:

reporting

Cons:

not understanding one section of loan program

Terri
VP of Operations in US
Financial Services, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Mortgage Office Review

5.0 5 years ago

Comments: We use the Mortgage Office to service the commercial mortgages for our loan department. The software provides the necessary tools to service our loans. The customer service department is excellent and has always done a superior job making sure that our needs are met.

Pros:

The software is very easy and simple to use. It doesn't matter if you are a new user or a long time user the training to use the program is very minimal. The reports are easy to find and prepare.

Cons:

It would be nice if we could make custom reports if we only want to pull specific data. I would like to be able to keep track of our UCC filings in the software in addition to property insurance. I don't like that there is a separate fee for the amortization feature. I feel like this should come with the software.

Bonny
Manager, Finance & Operations in Canada
Banking, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

Glad we made the switch!

5.0 8 years ago

Comments: We have been very happy with our installation of TLO. The support from Wyatt Gilbert, Ramiro Ruiz and JoAnn was fantastic. They answered endless questions while we were making our decision, and supported us every step of the way during implementation.
Our processes are much more efficient, our information on files is more consistent and easier for staff to access. Since bringing TLO online, we have been able to successfully expand our territory without any added staffing expense.
Loan Office was easy for staff to learn to use, and the integration with Quick Books is nearly seamless.

Pros:

Ease of use, ability to store & organize attached files, multi user capability. The integration with Quick Books for exporting payment transactions is smooth.

Cons:

The Reminders section is not as flexible, or visible as we would prefer. The custom reporting component is not user friendly, even with an experienced Crystal Reports user. We use the custom fields extensively, but find it difficult to report on those fields